Alex Sloane, co-founder of Garnett Station Partners (GSP), explains GSP's 'start small, scale fast' strategy for acquiring and building platforms in the core economy.
0:00 / 0:11exact quote · 11.5s
720p mp4 · rendered on demand · StarZero watermark
“So we start as small as a million of EBITDA, board of directors, management team, a technology stack, and we go out and we'll literally buy one unit at a time. Done that 20 times across the portfolio.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Alex Sloane
Insight
Sloane: PE DPI Slump Creates Succession Logjams and Withholds Carry
“One of the effects of the DPI problem in the broader industry is not just on LPs. It's also on investors, right? And you think about VP, principal, MD, even partner level investors who've been at firms for a while and haven't seen their carry paid out. There a…”
Alex SloaneApr 27, 2026▶ 54:52Alex Sloane & Matt Perelman – Buy-and-Build Playbook in the Core Economy at GSP (EP.499)
Insight
Sloane: A perfect hit rate in roll-ups means under-risking or moving too slowly
“Matt has a saying, if every deal is right in a roll-up, we're either not taking enough risk or not moving fast enough. It's okay to have a bad deal. That's the beauty of the model. You're able to get the most amount of capital into your winners in these consol…”
Alex SloaneApr 27, 2026▶ 34:15Alex Sloane & Matt Perelman – Buy-and-Build Playbook in the Core Economy at GSP (EP.499)
AssertionSupported
Sloane: GSP Scaled Burger King Franchise to 1,100 Units and $1B+ Exit
“We first invested in a 23 unit Burger King franchisee business that was based in the Garnett Street train station in Henderson, North Carolina. They gave us this shot. We were successful with that business that allowed us to grow. We ultimately got to 1100 fra…”
Alex SloaneApr 27, 2026▶ 8:37Alex Sloane & Matt Perelman – Buy-and-Build Playbook in the Core Economy at GSP (EP.499)
Insight
Sloane: Roll-Up Investors Easily Fool Themselves with Add-Backs and Run Rates
“You can really fool yourself with run rates and add back nonsense, particularly in a roll up where you're buying a lot of stuff. At some point you have to figure out what are the cash flows of that business.”
Alex SloaneApr 27, 2026▶ 42:55Alex Sloane & Matt Perelman – Buy-and-Build Playbook in the Core Economy at GSP (EP.499)
Disclosure
Sloane: Garnett Station Partners Has No AUM Target
“We certainly don't have an AUM goal. That's not the business. Our goal is on the incentive side.”
Alex SloaneApr 27, 2026▶ 59:34Alex Sloane & Matt Perelman – Buy-and-Build Playbook in the Core Economy at GSP (EP.499)
Insight
Sloane: GSP Treats Every Deal as the Enemy to Prevent Deal Inertia
“Every deal is the enemy is hung a sign in our office just to remind us on the one yard line, never get comfortable, never let inertia take you through a deal, never let Quote, unquote, pattern recognition allow you to invest money. Make sure you're thinking ag…”
Alex SloaneApr 27, 2026▶ 1:02:52Alex Sloane & Matt Perelman – Buy-and-Build Playbook in the Core Economy at GSP (EP.499)
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 700 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.