112. From Zero to $50 Million: The Incredible Growth Story of P1 Industries

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What does it really take to build a $50 million machine shop from scratch?

In this episode of Machine Shop Mastery, I sit down with David Dussault and Joel Lape, co-founders of P1 Industries, to unpack one of the most impressive growth stories I’ve come across in manufacturing. They started with a single used lathe and a Bridgeport—and over the past 20 years, they’ve built a 150-person operation serving the power, defense, and aerospace industries.

What stood out to me most in this conversation is that their success isn’t just about machines, margins, or scaling revenue—it’s about people. They didn’t go out and “find” great talent… they built it. By investing in young, inexperienced individuals and developing them into leaders, they’ve created a culture that drives both performance and loyalty. Many of their leaders today started at the ground level, which says everything about the environment they’ve built.

We also get into the real challenges behind that growth—like relying heavily on one customer early on, making the leap into new industries, and figuring out how to structure a business for scale without losing what made it special in the first place.

If you’re trying to grow a shop the right way, this episode is full of lessons. This isn’t just about getting bigger—it’s about building something that lasts.

You will want to hear this episode if you are interested in…

• (0:00) Introduction to P1 Industries and their growth from startup to $50M
• (3:46) Founders’ roles and early vision for building the business
• (6:16) The origin story: leaving jobs and taking the leap to start P1
• (7:57) Humble beginnings: first machines, first hires, and early challenges
• (10:01) Leveraging GE as an early customer to gain traction
• (11:08) Breaking out of customer concentration and expanding into new markets
• (12:28) Building a sales engine and winning through responsiveness
• (15:23) Creating a strong culture and empowering the team
• (17:31) Why we love SMW Autoblok workholding
• (18:45) Operational flexibility and handling high-mix, urgent work
• (21:18) Dissecting David’s background in manufacturing
• (24:27) Head to the DN Solutions Manufacturing Without Limits event
• (25:27) Developing talent: apprenticeships, schools, and internal growth
• (27:47) Promoting from within and building future leaders
• (32:57) Core values and maintaining a strong company culture at scale
• (36:40) Their stance on financial transparency with their team
• (39:43) Structuring the business for growth: divisions and leadership layers
• (44:54) Why we created Hire MFG Leaders (and why you should use it)
• (45:24) The metrics that they track in their business
• (47:37) Biggest challenges: workforce development and operational complexity
• (50:00) Training systems and preparing the next generation
• (53:44) Lean manufacturing journey and future vision
• (58:02) Key strategic decisions behind P1’s success

Resources & People Mentioned

• Why we love SMW Autoblok workholding
• Head to the DN Solutions Manufacturing Without Limits event
• BOCES Program (New York)
• Why we created Hire MFG Leaders (and why you should use it)
• 2 Second Lean

Connect with David W Dussault and Joel Lape

• P1 Industries
• Connect with David on LinkedIn
• Connect with Joel on LinkedIn
• Making What Matters Podcast

Connect With Machine Shop Mastery

• The website
• LinkedIn
• YouTube
• Instagram

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