How I Raised Money (from 44 Investors) and Bought a 40-Year-Old 8-Fig Manufacturing Business | Jason Andrew Interview

Jason Andrew is the co-founder of a holding company Arbor Permanent Owners - team of operators and investors committed to growing businesses for the long-term.They just closed their fundraise and cornerstone deal: 40-year-old manufacturing business in the materials handling sector. $25m in revenue, 25%+ EBITDAJason, Simon and Rowan have done an exceptional job in their first year at Arbor Permanent OwnersTheir structure, strategy, fundraising, and first acquisition are all unique—and we cover each.Timestamps:00:00:00 - Intro00:00:32 - Life before acquiring "boring" traditional businesses00:07:15 - An honest opinion (criticism) towards search funds00:10:52 - The best structured cold email lead to business partnership00:14:27 - The first 30-60-90 day action plan for finding the best deals00:23:13 - Closing the first $25 million deal in 6 months00:32:14 - The structure of the first acquisition00:35:50 - Feedback from investors (changing the structure of the holding company 4 times)00:44:36 - Investor exit strategy00:55:35 - Growing holding company from 7-fig EBITDA to $45M without raising additional equity00:57:25 - Thoughts on never acquiring companies with less than $3mm EBITDA01:02:59 - What does Jason consume to learn the necessary skills to double the business?-----------------------------------------------Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/holdco-builders/id1695713724Follow Mikk/PrivatEquityGuy on Twitter: https://x.com/PrivatEquityGuy Jason on Linkedin: https://www.linkedin.com/in/jason-andrew/?originalSubdomain=auThis podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.