Ep 96 - Jesse Jackson | The Truth About Selling Your Shop to Private Equity cover art

Ep 96 - Jesse Jackson | The Truth About Selling Your Shop to Private Equity

Ep 96 - Jesse Jackson | The Truth About Selling Your Shop to Private Equity

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Jesse Jackson is the CEO of Mango Automotive and knows a thing or two about scaling an auto repair business. Mainly because she scaled to 8 Figures in 3 Years. Yeah. Pretty good. She tells Mike why it's important to her to help shop owners retire comfortably, the realities of private equity buyouts, and innovative solutions like the new co-op model aimed at giving small shop owners a fairer shot at big multiples.

Email Jesse - jesse@mangoautomotive.com

Timestamps:

  • 00:00 Why the gap between private equity & shop owner deals matters
  • 01:01 The surprising drag bar origin of the podcast logo
  • 02:14 Jessee’s family business journey: three generations, tough choices
  • 03:29 Why Jessee hated the shop as a kid…and college “studies”
  • 04:21 Why teaching wasn’t in the cards—parenting, patience, and expectations
  • 05:57 Public vs. private school and family debates about education
  • 07:06 Trades, college alternatives & raising hands-on kids
  • 08:33 Kids figuring out life—boomerangs and avoiding $100k mistakes
  • 10:06 Official intros: Mike Allen, mother of seven, owner of eight shops
  • 10:35 Mike’s unconventional leap from environmental engineer to automotive mogul
  • 11:46 Growth secrets: from 0 to $17M in four years
  • 13:10 The ultimate session: “Growing from zero to eight figures”
  • 14:41 Acquiring shops: The stories, motivations, and the human side
  • 16:35 Shop owners and retirement dreams—how Mango is changing the game
  • 19:11 The “1 to 3 out of 100” rule—finding shops worth acquiring
  • 20:05 The evolution of Mango’s team and Jesse’s focus on marketing & acquisitions
  • 22:45 Which shops do they buy? Turnarounds vs. high performers
  • 23:10 Shattering revenue records—and a little friendly competition
  • 24:32 Can the next gen kids take over? Mike’s family talks legacy
  • 26:08 The 30-by-2030 vision: getting rolled up with equity
  • 27:01 Why the current system feels broken—and how the Mango co-op could fix it
  • 29:35 Jessee’s TechMetric ad break – Shop life made simple
  • 31:09 The real question: Is selling to PE a betrayal or a smart exit?
  • 32:06 Getting honest: Life, legacy & why helping owners matters
  • 34:43 How the Mango co-op actually works—details & process
  • 36:44 What’s next? Growth, challenges & why five years feels like a lifetime
  • 39:00 Favorite markets, new territory, and expansion goals
  • 40:29 The thrill of the shop game—and the hunt for the next big thing
  • 41:44 Want to sell your shop or join the co-op?
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