A Search Fund Journey to $350m

Oh yeah. Yeah.

So it's a, it's a not over levered in at all low leverage for especially for business of this size.

We're getting toward the end here. Jenna, I want to spend some time on even more on the industry but if you would kind of hear you reflect on getting into this industry for searchers, maybe self funded searchers buying smaller businesses. This is a big industry or category that we hear a lot about.

So I want to come back to that. But anything to say about running a business with your brother, Anything to say about that? For the siblings listening who might be.

Considering searching together, it's been a lot of fun. I'll say that we've had less than a handful of true disagreements as it relates to the business. Disagreements in our personal life all the time.

But as it relates to work, it's been really rewarding for both of us. You probably when you talk to family members who search and run businesses together, the theme of having this level of trust and transparency, especially through tough times, has been hugely beneficial. Especially like for me dealing with the day to day operations.

The type of stuff that crosses my plea on any given day can be very wild. And having a partner who I can speak candidly about these situations with has been very helpful and I think a big part of why we've been able to get to this size and so Besides the fact that he doesn't worry about the 6,000 interactions as much as I do, it's been a great partnership.

That's great. And anything more to say about the fact that Housatonic is the majority investor and how that's played out? Has it not? We talked about it kind of how you weighed that going into this business, but now, six years later, has it felt a certain way?

You know, honestly, and I'm. I'm very. I'm very transparent person. We've been very lucky.

I think there are times where we maybe wished we had a more traditional search board with people that were used to coaching young entrepreneurs. That's like a typical search board ethos. Maybe we missed out on a little bit of that in the beginning just because the private equity dynamic is a little bit different, but at this point in the hold period, I think the board has been more effective than…

And they, like I said, have been very supportive of the mission. And I genuinely don't think we've ever had any disagreement over where and how to invest in the business broadly. And so, you know, as a leader, that's kind of all you can ask for.