We Study Billionaires - The Investor’s Podcast Network TIP393: Fundamentals for Private Deals W/ Brent Beshore
Nov 5, 2021
Brent Beshore, CEO of Permanent Equity, joins to share his journey of acquiring small to mid-size companies with a focus on long-term value. He discusses key lessons from notable figures like Warren Buffett and Charlie Munger, emphasizing the importance of empathy in leadership. Brent dives into the intricacies of capital allocation, cultural integration during acquisitions, and fostering autonomy within teams. His insights on aligning interests in private equity and navigating due diligence shed light on sustainable growth strategies in the private market.
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First Acquisition
- Brent Beshore's first acquisition was a military recruitment marketing company called MediaCross.
- It complemented his existing business by having long-term government contracts, providing stability.
Dinner with Buffett
- Brent had dinner with Warren Buffett, discussing early Berkshire deals like Dempster Mill and Sanborn Maps.
- He found Buffett's early approach similar to his own, focusing on downside risk and asymmetric bets.
Stakeholder Perspective
- Consider all stakeholders in a deal, including families, employees, and communities.
- Strive for win-win relationships and sustainable partnerships, not just the best deal at closing.
