
Spencer Shaffer is a five-time CEO, entrepreneur, and operator with more than 26 years of experience building, scaling, transforming, and exiting businesses. His primary focus is coaching CEOs and leadership teams in energy, engineering, construction, infrastructure, utilities, and related industrial services. Spencer helps leaders turn ambitious growth plans into stronger margins, greater cash visibility, disciplined execution, accountable leadership teams, and increased enterprise value. He also brings firsthand software and SaaS experience, particularly where technology, analytics, and recurring revenue create leverage inside project-based and asset-intensive businesses.
The operator behind the coach
Spencer Shaffer is a five-time CEO, entrepreneur, and operator with more than 26 years of experience building, scaling, acquiring, integrating, and exiting businesses. He primarily coaches CEOs and leadership teams in energy, engineering, construction, infrastructure, utilities, and related industrial services.
As CEO of ETC Group, Spencer helped build and scale a multi-company energy, engineering, and analytics platform that included ETC Group, BuildingFit, and GrowFit Analytics. The three businesses were sold to Bernhard in 2022. Spencer subsequently served as Executive Vice President of Strategy, Integration, and Technology, working on enterprise strategy, acquisition integration, and the transformation of a large engineering organization.
Spencer helps CEOs improve profitable growth, operational execution, leadership accountability, cash and margin visibility, organizational structure, M&A readiness, and enterprise value. His coaching style is direct, practical, and highly engaged, with a strong emphasis on clarity, alignment, accountability, and building leadership teams that can execute without excessive dependence on the CEO.
Spencer is particularly valuable when a business is:
Scaling faster than its systems or leadership team • Experiencing margin, cash-flow, or execution pressure • Professionalizing a founder-led organization • Building a stronger executive team and succession bench • Preparing for a board, acquisition, recapitalization, or exit • Integrating acquired companies or leadership teams
Spencer has led and served on many for-profit and nonprofit boards and has devoted time, talents, and resources to causes he is passionate about. He is a past Chair of YPO Utah. He enjoys spending time and traveling with his wife, Shauna, and their three adult children. Spencer also speaks fluent Spanish and spent two years living in Argentina. He is an avid backcountry and alpine skier, mountain biker, golfer, cyclist, hiker, and fly fisherman. He resides in Salt Lake City, Utah.
Selected accomplishments
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Working with Spencer
Spencer is especially well suited to CEOs and founders in energy, engineering, construction, infrastructure, utilities, industrial services, and project-based professional services. He adds the most value when a company is growing quickly but its people, systems, margins, or cash flow have not kept pace; when the founder or CEO needs to step out of day-to-day operations; when the leadership team needs clearer roles and greater accountability; or when the business is preparing for an acquisition, integration, recapitalization, succession, or exit.
Spencer has more than 26 years of experience as a CEO, entrepreneur, and senior executive. He acquired and scaled an energy-efficiency engineering company, founded two complementary software and analytics businesses, and led the three companies through a strategic sale to Bernhard in 2022. Following the transaction, Spencer served as Executive Vice President of Strategy, Integration, and Technology, where he worked on enterprise strategy, acquisition integration, organizational transformation, and the restructuring of a large engineering division.
Spencer's style is candid, practical, highly engaged, and accountability-driven. He asks the questions that CEOs and leadership teams are often avoiding, helps leaders distinguish the critical few priorities from the distracting many, and translates strategy into clear owners, leading indicators, deadlines, and operating rhythms. He combines direct feedback with a genuine commitment to developing people. His objective is not to make a CEO dependent on a coach. It is to help the CEO build a leadership team that can think, decide, and execute at a higher level.
Spencer regularly helps CEOs and leadership teams address: Profitable growth and operational scale; Backlog, pipeline, forecasting, and cash visibility; Gross-margin improvement and project accountability; Leadership-team structure and decision rights; CEO delegation and reduction of founder dependency; Executive performance and succession; Strategic planning and execution; Board readiness and executive communication; M&A, integration, and exit preparation; Culture, alignment, and organizational accountability.
Spencer helps CEOs create more predictable execution, stronger margins and cash visibility, clearer accountability, more capable leadership teams, reduced founder dependency, and increased enterprise value. His goal is to help the CEO build an organization that can execute consistently without requiring the CEO to personally drive every decision.
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