Tom Mallon humbly shares the incredible journey that took him from growing up in southern Ohio (a la “Hillbilly Elegy”) as one of seven children with nine people living in a three-bedroom, one-bathroom home to building and selling his company in an innovative way that changed the lives of his employees.
Tom describes a turning point in his faith when he asked God what it meant to be “saved”, and God vividly revealed situations in which He had provided for Tom supernaturally. From that revelation, he knew God loved him and that he was “saved”.
Tom recounts his career path from working in the local glass factory, to selling books door-to-door for seven summers (including as a Harvard Business School graduate without a job), to 11 years in commercial real estate, to watching his first business venture fail due to a bad partnership, to starting the business that he would eventually build, sell to an ESOP and then sell to a Catholic health system, resulting in the lives of his employees being profoundly changed (13 employees becoming millionaires, 3 more receiving $900,000 and even the lowest-paid employees walking away with $400-500,000).
Tom vulnerably shares how God used a triple-tragedy (death of his first business dream, death of his father, and a health challenge) to “roto-rooter” his soul in preparation for his second business venture.
He describes the growth of his second venture and the drawn-out sale process that took the business through two letters of intent before the Holy Spirit convicted him to pursue an ESOP sale by asking “what is the best business decision you can make for your company’s future that will increase the ministry and mission of the business?” Tom also shares how the faithful culture of the business grew after the ESOP sale.
Finally, Tom explains the lessons he learned about the importance of “aligned capital” and how those lessons led to the formation of his current venture, Perpetuate Capital.