Permanent Equity

“We own swimming pool builder. We own a Heisen matchmaking firm. So executive search, but for love very interesting business. We own a military recruitment firm, a picture frame manufacturer, a fence builder. I mean, it's really all over the place. So services,…”

“So what we do is we buy with no intention of selling the business. We typically use no debt in the transaction. We love to keep leadership teams in place. We don't we don't replace the leadership typically, unless there's a sort of acute problem. And we hold i…”

“We found that the best way to repel the wrong people and attract the right people is to put out content that says who we are and what we do.”

“We're very different than traditional private equity in, in the sense that we don't typically put any debt on the companies.”

“The thesis that you're gonna come into a small blue collar, you know, sort of main street business and transform the business in any sort of reasonable timeframe with, you know, fancy technology is likely a pipe dream. you're gonna have a lot of cultural entr…”

“So if you don't come in and change anything, you should probably expect the company to perform kind of how it's performed in the past. the more you start changing systems and changing out people it increases the upside opportunity, but it also increases the d…”

“I don't have a degree from a fancy school in finance. I, you know, I don't have any of the traditional markers.”

“Earnings can go down 50, 60% and everyone still keeps their jobs and”

“You know, I would say the model that we prefer is to grow out, which is you do more deals of similar sizes or in, you know, sort of a similar range, not bigger and bigger deals.”

“We really encourage our companies when there's adversity, like don't miss the opportunity for a good crisis and serve as well.”

“I mean, the last check we wrote was a forty million dollar check, which is, that's a big check for us.”

“I hold two types of investments. I hold highly illiquid small private investments, right? In these companies that we, that we've acquired and cash and that's it. Like literally I have the, it's the most barbell strategy I've ever seen right now.”

“So look, we paid three times for a business. We've paid 10 times for a business. Those would kind of be the, I would say, rough, you know, yardstick to use in terms of range. Most of the time we're paying four, five, six times.”

“We always say we're not going to be involved with a company that wouldn't be successful without us.”