Find a Strong Operator
The Stonewall Group’s geographic setup may not make much sense, but that’s because they didn’t approach the shops that they acquired based on location—they based it on the people at the shop.
“Most MSOs would say, ‘Let’s find a target market and scale it up,’” Engle says. “We’re more opportunistic. Taso, Chad and Mark—you need one of those guys in every market. The way we’ve done it, the market has been more independent. That’s how we’ve been able to grow. If we find another Chad, Mark or Taso, we can build around that guy.”
Look for People Who Are Self-Sufficient
With Maaco, its GMs don’t operate like employees—they operate like owners. The managers are in charge of everything on the shop level, from staffing to P&L sheets. Being so spread out, having GMs that are self-sufficient has been key for the Stonewall Group.
“They’re not standing right next to me,” Slabaugh says. “It’s a little different in that aspect—it gives me more ownership.”
Not only are the GMs able to operate independently, they also make sure to find employees in their respective shops that don’t need to be micromanaged.
“My guys don’t need to be micromanaged,” Slabaugh says. “Pick guys like that. Those are the guys you bend over backward to keep.”
Emphasize Training
According to Engle, hiring is secondary to training.
“We don’t hire them and then say, ‘Go get ‘em, tiger,’” Engle says.
For any new manager that comes into the mix, he or she is sent to Maaco headquarter for a week and then he or she spends a week with Slabaugh and a week with Seifert. The Stonewall Group requires three intense weeks of training before he or she is ready to lead one of its Maaco shop.
Grow from Within
A large part of the reason that Bournousouzis, Seifert and Slabaugh run such successful operations is because they grow their own employees, something that the Stonewall Group promotes.
“Promotion from within has been a key ingredient for us,” Seifert says. “We have a hard time finding body techs, so we grow our own.”
Engle likens it to a farm team system in baseball.
“Instead of overpaying free agents, we take a grow your own approach,” Engle says. “They’re taking an active role in developing future general managers.”