Perelman: Debt markets are far friendlier to $15M-$20M EBITDA consolidations
Matt Perelman · Alex Sloane & Matt Perelman – Buy-and-Build Playbook in the Core Economy at GSP (EP.499) · Apr 27, 2026 · at 47:19
Matt Perelman of Garnett Station Partners explains how scale affects borrowing terms and why his firm waits 12 to 18 months before adding leverage.
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“Size and scale, we have found that the credit markets are far deeper Cheaper, more flexible, less covenant-laden, and friendlier to consolidations that are, let's call it, 15 to twenty million of EBITDA in size and scope versus something that's five. What does that mean in terms of practical timing for us? That's usually 12 to 18 months after we invest in a business.”
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