Episode 22: The CEO-in-Residence Playbook: Mitch Brownell’s Path to Ownership and Leadership

In this episode of The Do Diligence Podcast, we sit down with Mitch, President of Process Engineering & Equipment Company (PECO), to explore his journey from a successful corporate leadership career at Stryker to acquiring and leading a lower middle market manufacturing business through Sleeping Giant Capital's CEO-in-Residence program.

Mitch shares what motivated him to leave the security of corporate America in pursuit of business ownership, reflecting on the planning, mindset, and conviction required to take that leap. He discusses how he developed a focused acquisition thesis, navigated an 18-month search process, and ultimately found PECO through the relationships he built along the way.

The conversation dives into the realities of the transition from searcher to operator, including lessons from the first 90 days as president, balancing strategy with the day-to-day demands of a growing business, and building trust with employees, customers, and the former owner. Mitch also shares practical advice for aspiring acquisition entrepreneurs on the importance of patience, networking, leadership, and finding work that truly energizes you.