Illinois Tool Works
Founded in 1912, Illinois Tool Works has become a diversified industrial manufacturer through acquisitions and innovations that follow customer needs. ITW operates through seven business segments, with no segment representing more than one-fifth of revenue. ITW' automotive OEM segment sells vehicle components; its food equipment segment sells commercial kitchen appliances; its test and measurement and electronics segment sells inspection and analysis equipment; its welding segment sells welding equipment and consumables; its polymers and fluids segment sells industrial and consumer adhesives, solvents, and coatings; its construction products segment sells building fasteners and tools; and its specialty products segment sells medical, packaging, HVAC, and airport ground equipment.www.itw.com
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Search complete. 6 mentions across 4 episodes found for "Illinois Tool Works".
Oct 28, 2026
Seth DeutschGUEST
And doing something that I learned in manufacturing, which is not patriotic, called USA.
Seth DeutschGUEST
It actually comes out of the ITW business system and the Danaher business system.
Seth DeutschGUEST
So it comes really, the Danaher business system, one of the maxims is do no harm.
Seth DeutschGUEST
And I combine this with the maxim that I learned in the ITW business system, which is USA, which is not patriotic.
Seth DeutschGUEST
Understand.
Seth DeutschGUEST
Big U, folks.
Nico LechugaGUEST
And now we have the, we've gone from thesis to this is a permanent capital vehicle that has bought everything from a paving company to a orange grove, and, um, they happen to keep their cash in Bitcoin.
Nico LechugaGUEST
And so we're gonna value them more like a, a Constellation Software or an Illinois Tool Works or a Bending Spoon rather than a DApp based on some, uh, po- plus or minus to NAV.
Nico LechugaGUEST
Um, and so that's really, really important.
Nico LechugaGUEST
I would say the other part of like, if you try to go public very, very quickly, uh, I can just speak to the United States 'cause I don't have really as much experience in, in the UK.
Jim OsborneGUEST
My background is in very much business management and running businesses.
Jim OsborneGUEST
So brands that you would know, Blackwoods West Farmers, basically looking at things like Schneider, worked for a period of time there, Asser Abloy, ITW.
Jim OsborneGUEST
So business management and looking at broader marketing is kind of my background and my area of what you call expertise or certainly where I've spent a large chunk of my working life.
LukeHOST
And going to Shervon, because we say ego because that's what's on the – it's the most relevant to our industry.
10 MINS LATER
Jim OsborneGUEST
I'll talk to what we do.
Jim OsborneGUEST
And I think that the investment is in manufacturing development.
Jim OsborneGUEST
Businesses will find a cash cow, all right? So whether that be My Old World, ITW, et cetera, they'll find a cash cow.
Jim OsborneGUEST
And they keep generating that through because it keeps generating good revenues back to the business.
Nico LechugaGUEST
They generally serve as, as roll-up strategies.
Nico LechugaGUEST
So think of like a Constellation Software, an Illinois Tool Works.
Nico LechugaGUEST
The most recent, uh, example is a, a bending spoon.
Nico LechugaGUEST
Um, I think, and to be seen, some of the best business ideas come from taking very simplistic things across, uh, disparate industries and combining them together.