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In this episode of Business Spotlight, host Everardo Recendiz sits down with Matt Colosino, former CEO and current Chairman of Crescent Power Systems, to unpack the long-term journey of building, scaling, and successfully transitioning leadership of a nine-figure industrial business. Matt shares how Crescent Power Systems grew from a small operation in 1994 into a leading provider of electrical distribution projects and capital equipment, serving industries ranging from oil & gas and mining to power generation and renewables. With bookings reaching the $100 million range, the company’s growth was driven not by shortcuts, but by deep technical expertise, disciplined execution, and a relentless focus on people. The conversation dives into Crescent’s employee-centric culture, including heavy investment in hiring, training, coaching, and communication. With over half the company made up of engineers across multiple disciplines, Matt explains how clear communication, long-term partnerships, and people development became the company’s true competitive advantage—even in a crowded market with dozens of competitors. Matt also discusses leadership succession, adapting to remote work without losing cohesion, and the importance of ensuring strong talent across every function of the business. This episode offers practical insights for founders and executives focused on building companies that endure beyond the founder. 🔔 Want your business to be featured as our next Business Spotlight? Book in your FREE podcast slot today via our website: https://www.businessspotlightseries.com #business #advice #podcast #businessowner #businesstips #growth #businessgrowth #businesslesson #businessessentials #howtostartabusiness #businessstrategy #businesspodcast #motivation #thebusinessspotlight #success This channel covers everything from business management and mindset for business to ideas for a business and starting a new business. Learn how to start promoting business, understand any business, and explore marketing strategies for business. Discover the importance of marketing features, networking for business, and investing in your own business. Gain valuable knowledge for business and practical insights to help you succeed.