[Re-Run] Ross Brendel - Investing in Permanent Capital Vehicles - Ep.157

<p>Today’s episode is a rerun with past guest Ross Brendel, a co-founder and the managing partner of Westerly Group alongside cofounder Rich Littlehale. Westerly Group invests in acquisition entrepreneurs with committed, permanent capital to pursue a specific industry thesis over an indefinite time horizon. They are investors in several of our podcast guests such as Justin Vogt and Ed Redden, Eric Factor, and Austin King, among others.</p><p>I wanted to bring this episode back to your attention as permanent capital and longer time horizons are becoming more talked about today and I think it’s important to discuss the nuances of this approach, as Ross does in this episode.</p><p>In this conversation, Ross shares Westerly’s permanent capital thesis and model, whether buying a business has become harder or easier, how to think about a purchase price with a longer-term view, and the nuanced advantages of committed capital in pursuing acquisitions.</p><p>Listen weekly and follow the show on <a href="https://podcasts.apple.com/us/podcast/think-like-an-owner/id1445929750" rel="nofollow">Apple Podcasts</a>, <a href="https://open.spotify.com/show/3Fbv9d4HpDwuO4MOPvgdvO?si=bfa67fb76c654755" rel="nofollow">Spotify</a>, <a href="https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5yZWRjaXJjbGUuY29tLzI1ODM4YjdlLTdlZTgtNGZjMC05ZjU0LTViNjJkZDNmZTBjNg" rel="nofollow">Google Podcasts</a>, <a href="https://www.stitcher.com/show/think-like-an-owner" rel="nofollow">Stitcher</a>, <a href="https://www.breaker.audio/think-like-an-owner" rel="nofollow">Breaker</a>, and <a href="https://tunein.com/podcasts/Business--Economics-Podcasts/Think-Like-An-Owner-p1180625/" rel="nofollow">TuneIn</a>. </p><p><strong>Links:</strong></p><p><a href="https://www.linkedin.com/in/rossbrendel/" rel="nofollow">Ross on LinkedIn</a></p><p><a href="https://www.westerlygroup.com/" rel="nofollow">Westerly Group</a></p><p><a href="https://www.sylmargrp.com/" rel="nofollow">Sylmar Group</a></p><p><a href="https://erasvc.com/" rel="nofollow">Era Services Group</a>