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Jack Bennett is the co-founder of Lighthouse Capital, a firm advising and investing in small business acquisitions across the U.S. and Canada. In just under two years, Jack and his team have closed over 20 deals, built a 10-location accounting roll-up generating $8M in revenue, and developed a unique dual structure combining M&A advisory and direct equity investments.
In this episode, we cover:
00:00:00 - Introduction to Jack Bennett & Lighthouse Capital
00:00:47 - Building a ghostwriting agency for wealthy clients
00:04:48 - Spacebar Studios
00:07:30 - Meeting Ben Kelly and founding Lighthouse Capital
00:14:17 - Sponsor: Scalepath
00:12:39 - Early days of Lighthouse and first hires
00:15:38 - Structure and the types of companies they invest in
00:17:25 - When do they decide to advise vs. invest
00:19:00 - Why combine M&A advisory and rollups
00:25:02 - Uniqueness of Lighthouse’s dual strategy
00:29:10 - Converting fees into equity and how it actually works
00:33:55 - Deal quality, ownership, and control
00:37:11 - Pros and cons of following the M&A and roll-up strategy at the same time
00:41:34 - Cash for equity and “see you at the first board meeting”
00:45:19 - Being the youngest on the founding team
00:48:39 - Four acquisitions and ten locations
00:52:09 - Everything post-acquisition
00:55:20 - The importance of integration
00:59:53 - What Jack believes earns him the best returns
01:03:29 - Is this the best investment advice you’ve ever heard?
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Subscribe on Spotify:
https://open.spotify.com/show/6lr5bE3SNZF2uEE7Nb0DHh
Subscribe on Apple Podcasts:
https://podcasts.apple.com/us/podcast/holdco-builders/id1695713724
Follow Mikk/PrivatEquityGuy on Twitter: https://x.com/PrivatEquityGuy
Jack on X: https://x.com/jackentr3
This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.