How Josh Campbell Built, Scaled, and Sold Rescue Air | VIP Guest Josh Campbell
Episode 325 · 54 min · June 9, 2026

How Josh Campbell Built, Scaled, and Sold Rescue Air | VIP Guest Josh Campbell

Josh Campbell shares how he built Rescue Air from zero to a private equity exit, including the hard lessons from a first business that nearly broke him.

Guest Josh Campbell

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About this episode

Josh Campbell, founder of Rescue Air in Dallas, Texas, walked through how he built a residential HVAC and plumbing company from scratch after a failed first business in Northern Virginia. The conversation covered how Campbell lost that first company during the 2008 downturn, carrying $650,000 in accounts receivable on a $6 million operation with no real grasp of key business metrics. After relocating to Texas and working as a technician and salesperson for a large competitor, he identified what he had been missing: industry peer groups, KPIs, and a disciplined process for running calls. He started Rescue Air with his uncle, joined an industry coaching organization from day one, and built the company to $22 million in a single year after acquiring a plumbing company.

Campbell described the plumbing acquisition as a deliberate, slow integration. He ran the two brands co-branded for nearly a year, sending dual-branded postcards to both customer databases monthly and outbounding repeatedly before rebranding the trucks. His position is that operators should master one trade completely before adding another, and that adding a trade too early is driven by ego or a search for an easy button rather than sound strategy.

On the private equity sale, Campbell ran a full process with an investment banker, received 22 initial offers, and closed a deal in December 2023. He recommended reading the Private Equity Playbook, Built to Sell, and The Art of Selling Your Business before starting that process. He stressed that building a data room well in advance is critical, because buyers will request documents going back five or six years and scrambling for them disrupts operations. He rolled equity back into the deal and stayed on as general manager for two and a half years post-close.

The episode closed with Campbell’s view on what the industry is not willing to say openly: that private equity structures, and the industry broadly, risk treating customers as tickets and revenue numbers rather than as people. He connected that to a wider pattern of people not treating one another with the care and respect the relationships deserve, and argued that businesses that lose sight of genuine customer commitment will see it reflected in cancellations and eroding trust.

Key takeaways

  • Build a data room now, even if a sale is years away, because buyers will request documents going back five or six years and the search will disrupt your business during due diligence.
  • Master one trade completely before adding another, because adding a second trade too early pulls attention, compresses margins, and can destabilize an otherwise healthy operation.
  • When acquiring a business in a new trade, run it co-branded for close to a year and let the acquired team ask to adopt the new brand rather than forcing the change immediately.
  • Join an industry peer group or coaching organization at the very start of a new business, not after the problems show up, because the KPIs and benchmarks are already documented and available.
  • Read the books that match the stage of business you are in rather than taking advice from operators who are at a very different scale, because the right moves at one level are not always the right moves at another.
  • Treat every customer interaction as a commitment, not a transaction, because customers can sense when they are being managed as a revenue number rather than as a person.