Disclosure certainty 3/5 debate potential 1/5

Kozinsky: Enduring Ventures evaluated a Midwestern scaffolding firm at 4x EBITDA

Sieva Kozinsky · Building a Mini Berkshire Hathaway · Sep 1, 2022 · at 1:01:43

Sieva Kozinsky, co-founder of holding company Enduring Ventures, discusses deal flow metrics for cash-flowing blue-collar asset rental businesses.

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“And the one we looked at in, in in the Midwest was doing about Four million of EBITDA. We could have bought it at, what was it Xavier? Maybe four times EBITDA at the time?”

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Disclosure
Kozinsky: Enduring Ventures is designed around a 20-to-40-year horizon
“The next thing we do, let's reverse engineer. What is the last business we would ever want to work on? Right? Like, What is something that we would want to work on for the next 2030 or 40 years, which is really different from our startup experience”
Sieva Kozinsky Sep 1, 2022 ▶ 21:11 Building a Mini Berkshire Hathaway
Disclosure
Kozinsky: Enduring Ventures will wait 3-6 months before aggressively deploying capital
“Xavier and I, you know, relative to maybe a year ago, we're still investing. We're still looking at opportunities, but we're happy to be patient for another three to six months to see where kind of the world lands, where everything resets and then pick up the …”
Sieva Kozinsky Sep 1, 2022 ▶ 43:02 Building a Mini Berkshire Hathaway
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