The Most Fascinating Podcast in the World

Hugh Rice: Turning Patience Into a Competitive Advantage

1 h 5 min · 25 de mar de 2026
Portada del episodio Hugh Rice: Turning Patience Into a Competitive Advantage

Descripción

Pat DiCerbo sits down with Hugh Rice, who spent nearly five decades with FMI helping shape the modern construction industry.Hugh shares how a kid from rural Alabama—originally planning to be a farmer or Air Force officer—found his way into consulting and never left. What started as “a couple years before a real job” turned into a career advising contractors across the country on strategy, succession, and M&A.Along the way, he helped pioneer how construction companies think about ownership transitions and acquisitions—long before private equity entered the space.This conversation goes beyond construction. It’s about: - Why relationships—not transactions—drive long-term success - The patience it takes to build a reputation that compounds - How entire industries evolve (and where construction is headed next) - What 50+ years in one company teaches you about trust, value, and doing the right thing

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episode Hugh Rice: Turning Patience Into a Competitive Advantage artwork

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