Building Wealth Through Private Equity in Home Services with Richard Lewis and Adam Hanover

Redwood does the opposite of typical private equity — buying businesses to hold and strengthen for the long term, not to flip and disappear.

Beware the PE model that does a transaction, extracts value, and vanishes; who's on your board matters as much as the check.

Don't acquire a business thinking you can run it better than the operator — partner to add the resources (CFO, systems, tools) they lack.

Sometimes EBITDA takes a step back on purpose while you invest in strengthening a local business for bigger long-term gains.

Run on the metrics that matter — tracking thousands of numbers is useless unless you know which ones actually drive the business.

Their co-ownership model gets operators to think and act like owners, which drives a genuinely better way of doing business.

AI and new tools create real efficiencies — there are dozens worth adopting, and the winners will be the ones who use them.