Underwriting Cost Down Margin of Improvement

Hugh MacArthur: I thought we were going to be talking about what they call Harvey Ball, so those circles around different opportunities. But you've described to me that there's a really rigorous, high tech database way to ensure that any margin improvement you're underwriting is actually there. So I wanted to end by saying, do you have an example in mind of where actually everything went right, and you really exceeded expectations or met very high expectations of where margin improvement was a huge factor in making a deal? Greg Linn: Yeah, so let me give you an example, Hugh, of a private equity investment where the thesis was we're bringing a couple of companies together and they tried to