Ross Brendel - Investing in Permanent Capital Vehicles - Ep. 57

<p><span style="font-weight: 400;">Ross Brendel is the cofounder and managing partner of Westerly Group alongside cofounder Rich Littlehale. Westerly Group was founded on the principle of supporting acquisition entrepreneurs with committed, permanent capital to pursue a specific industry thesis over an indefinite time horizon. Groups they’ve invested in thus far have theses in the water industry, mission-critical B2B services, industrial services, and route-based and multi-site consumer businesses. Permanent capital and longer hold periods have become much more popular in recent years and Ross and Rich take an incredibly interesting and unique angle in their study and investing in the model. </span></p> <p> </p> <p><span style="font-weight: 400;">In this conversation, Ross and I discuss Westerly’s permanent capital thesis and model, whether buying a business has become harder or easier and how to think about a purchase price with a longer term view, the types of entrepreneurs Westerly seeks to invest in, and nuanced advantages of committed capital in pursuing acquisitions.</span></p> <p> </p> <p><span style="font-weight: 400;">For the full episode transcript and more, visit</span> <a href= "https://alexbridgeman.com/podcast/"><span style= "font-weight: 400;">alexbridgeman.com/podcast</span></a><span style="font-weight: 400;">.</span></p>