Exiting for Millions vs. Long-Term Hold

So how does that make you think about entrepreneurship through acquisition broadly today, if at all?

I'm a big, I'm a big fan of family business. As I've gotten older, I think there's a certain social good to long owned family businesses. They can, you know, there are two themes that I think in, in a family business that have been articulated much better by others and maybe, maybe best said is like care and loyalty.

It's a great book. And you know, loyalty means, you know, the people that work there can expect loyalty from the company, long term loyalty from the company and care, meaning people care about their work, they care about the company and they care about each other.

And I think that family owned businesses have potential to create an environment, a work environment that, that displays those characteristics better than in particularly better than private equity owned businesses which get pretty laser focused on sort of medium term future profitability and exit multiples when that becomes the sort of the guiding goal.

I think it's tough to marry that with some of these characteristics of a family owned business.

Right.

So certainly we saw that in when we sold the business. Yeah.

Well, the other acquisition, which now let's do hear about, seems like the, the, the embodiment of the, the alternative path, the very one that you just kind of described, right?

I hope so. I hope so. Yeah.

So, so give us the bullet points over now that you've been in that business for over 20 years, right. From 2002-20.

Here we are.