My Father, Doyle Henderson, died on September 21st, 2005. A few days later I called a meeting with approximately a dozen employees to let them know that they would keep their jobs through the balance of the year, and during that time, I would determine the fate of the company. Over the next three years, the company experienced exponential growth, made multiple acquisitions, employed hundreds of people all over Texas, and won many fans along the way. We treated our employees well, serviced our customers with conviction, and paid our vendors on time.
A few months after a highly strategic acquisition (mid 2008,) we were in trouble, and didn’t event know it. We were in a vacuum. Our cost structure was too high, and our backlog, AR, and sales were all shrinking. When we began to realize we needed to act, we had burned through millions and discovered our inventory was highly overvalued. Our credit was cut off, and tough times were imminent.
The past few years have been very taxing on many. We’ve lost good employees, let stakeholders down, stretched vendors, and have made many mistakes along the way. However, I’m proud of what we have accomplished, and am truly grateful to have shared the experience with so many people along the way.
Today, the name DOYLES still humbly stands for what matters most; doing the right thing.