The Searchers Building a $10m EBITDA Powerhouse

Yeah, absolutely. So one of the other things we realized, you know, and in region there's really not a lot of private equity, lower middle market. Especially when I say private equity, I mean lower middle market. Obviously big funds.

You know, HIG bought Ranza, big logistics company based in Peru. Sure. You know that those are deals getting done in the hundreds of millions or more. I'm talking about companies like ours.

But we also, I mean we chopped a lot of wood during the search. We signed five. Lois. We generated a list of hundreds of companies that really couldn't sell because there's not a lot of buyers for a lot of. Some of them did sell, but most of them didn't.

So sort of like, hey, if we ever found someone that wanted to do the next search fund in Peru, we could kind of partner with them, pass on all this kind of institutional knowledge that we've gained from having done this, the relationships with the intermediaries and the credibility. So a big thing.

It sounds kind of silly to say this to an American audience, but when we've bought six companies in this region last couple of years and most other people bought zero, even though it's all focused on the record business, all of a sudden sellers sort of say, oh yeah, Colca, that's a real buyer. They exist in the league tables of Peru, which is nothing. We're there in these markets so we can kind…

And we did that with Coca Capital too. There was another searcher who wanted to a search fund but wanted a sort of partnership to it. Doing it alone is very difficult.

That's a whole separate conversation. I would never do it. Massive props to the people that do it and some of them are very successful.

I could it just do. Just could never do it myself. And this guy partnered with us under our brand. We helped him raise the money.

He launched in 2014, bought a company in 2025. Data center actually small microscopic compared to American data centers, but a very nice cloud hosting business primarily. And that's gone quite well.

And he's been running it about a year now. So we invest. One of us is on the board. He has an investor group of his own.

It's his own search fund. Right. So we're not more than that really but we do invest, we help him raise the money. He's got probably half overlap ish, maybe a little less with our original investor group.