Did you mean?
Search Results - Showing 48 - 60 Of 79
_this-billionaire-bought-over-a-thousand-small-businesses-and-never-lost-a-dime.jpg "Staying small is working out big time for Shore Capital. Their average internal rate of return on its 14 exits, all in health care, is 53%, net of fees. That’s nearly triple the average net IRR of U.S. buyout funds raised since 2009, according to data from Cambridge Associates. After Shore took its 20% to 30% cut of profits, its exits multiplied investors’ money by 5.5 times on average, also nearly triple the average total value to paid-in capital multiple of U.S. buyout funds raised during that period. Shore has never unloaded a company for less than three times cost before fees, nor, it says, has it ever suffered a loss. “Those are top 1% returns in private equity,” marvels one investor who asked not to be identified, citing his organization’s press policy. “That’s rarefied air, right? That’s more like venture capital than a traditional buyout firm.”<br/><br/>Ishbia and his team have acquired more than 1,000 mom-and-pop shops across the country (average cost: $15 million) since Shore’s 2009 founding and rolled them up into 61 larger chains of things including autism treatment clinics, bakeries and exterminators. “We’re buying businesses in Akron, Ohio, and Pittsburgh, and Birmingham, Alabama,” Ishbia says. “There’s more low-hanging fruit for me. It’s Joe Schmo on Main Street.”<br/><br/>Shore then invests in computer systems and equipment, stacks the businesses’ boards with industry veterans and hunts for complementary companies in adjacent markets. “We’re just buying and buying and buying,” says Ishbia, who insists Shore doesn’t take on as much debt as other private equity firms and doesn’t cut services or head count. “The private equity world gets a bad rap for ‘buy this, slash that.’ We are growth—we have almost 35,000 employees and hire thousands per year.”<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/mattdurot/2024/04/08/this-main-street-billionaire-bought-over-a-thousand-small-businesses-and-never-lost-a-dime-justin-ishbia/?sh=3140aa9e39ee<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
⏲ 11:7 👁 490K
_extra-point-rob-vaughn-previews-weekend-series-with-arkansas.jpg "The Crimson Tide has its work cut out for it this weekend as it looks to bounce back from four straight losses against the No. 1 ranked Razorbacks in a weekend series.")
⏲ 3:0 👁 645K
_rishi-sunak-defends-nhs-waiting-list-figures.jpg "Rishi Sunak has defended backlash from the latest NHS figures which show waiting lists have risen by 330,000 since he promised to cut them, insisting that the government's plan is working. \")
⏲ 0:49 👁 2.7M
_10-top-tips-for-cheaper-home-insurance.jpg "Use our money-saving tips to find the right policy and cut the cost of your premiums.")
⏲ 1:27 👁 320K
_coast-guard-rescues-castaways-from-remote-island.jpg "Thanks to a message spelling out \")
⏲ 0:40 👁 1.9M
_trump-slams-biden39s-handling-of-inflation-claims-administration-has-39lost-control39.jpg "Former President Donald Trump criticized Biden's handling of inflation, saying it has \")
⏲ 0:40 👁 255K
_top-10-taylor-swift-lyric-parallels-that-are-frankly-gutting.jpg "Quite frankly, these Taylor Swift lyric parallels are gutting. Welcome to MsMojo, and today we’re counting down our picks for the most gut wrenching Taylor Swift lyrical callbacks.")
⏲ 13:6 👁 4.9M
_uconn-huskies-cut-down-nets-can-they-three-peat-next-season.jpg "UConn Huskies Cut Down Nets: Can they Three-peat next season? from cut baby")
⏲ 0:50 👁 3.5M
_lingering-storms-to-cause-more-travel-problems-this-friday.jpg "Heavy rain from thunderstorms could cause delays or cancellations for your travel plans in the Northeast on April 11.")
⏲ 1:31 👁 5.3M
_network-north-rail-minister-huw-merriman-cuts-the-ribbon-at-refurbished-station-on-sheffield-manchester-line.jpg "The Rail Minister, Huw Merriman MP, cut the ribbon at the official opening of the Dore & Totley station in Sheffield.<br/><br/>It is part of a £150million rail improvement project in the Hope Valley line between Sheffield and Manchester.<br/><br/>Mr Merriman spoke with The Star's Harry Harrison after the opening in an interview you can find on thestar.co.uk")
⏲ 1:5 👁 28.1M
_masked-gang-attack-police-and-cut-through-takeaway-cash-machine.jpg "Masked gang attack police and cut through takeaway cash machine from cut baby")
⏲ 1:26 👁 350K
_storms-to-cause-significant-travel-delays-this-thursday.jpg "If you have travel plans on April 10, here's the forecast you should check before you hit the road or take to the sky.")
⏲ 1:6 👁 1.5M
Related Searches
Search Videos
Recent Searches
_this-billionaire-bought-over-a-thousand-small-businesses-and-never-lost-a-dime.webp "Staying small is working out big time for Shore Capital. Their average internal rate of return on its 14 exits, all in health care, is 53%, net of fees. That’s nearly triple the average net IRR of U.S. buyout funds raised since 2009, according to data from Cambridge Associates. After Shore took its 20% to 30% cut of profits, its exits multiplied investors’ money by 5.5 times on average, also nearly triple the average total value to paid-in capital multiple of U.S. buyout funds raised during that period. Shore has never unloaded a company for less than three times cost before fees, nor, it says, has it ever suffered a loss. “Those are top 1% returns in private equity,” marvels one investor who asked not to be identified, citing his organization’s press policy. “That’s rarefied air, right? That’s more like venture capital than a traditional buyout firm.”<br/><br/>Ishbia and his team have acquired more than 1,000 mom-and-pop shops across the country (average cost: $15 million) since Shore’s 2009 founding and rolled them up into 61 larger chains of things including autism treatment clinics, bakeries and exterminators. “We’re buying businesses in Akron, Ohio, and Pittsburgh, and Birmingham, Alabama,” Ishbia says. “There’s more low-hanging fruit for me. It’s Joe Schmo on Main Street.”<br/><br/>Shore then invests in computer systems and equipment, stacks the businesses’ boards with industry veterans and hunts for complementary companies in adjacent markets. “We’re just buying and buying and buying,” says Ishbia, who insists Shore doesn’t take on as much debt as other private equity firms and doesn’t cut services or head count. “The private equity world gets a bad rap for ‘buy this, slash that.’ We are growth—we have almost 35,000 employees and hire thousands per year.”<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/mattdurot/2024/04/08/this-main-street-billionaire-bought-over-a-thousand-small-businesses-and-never-lost-a-dime-justin-ishbia/?sh=3140aa9e39ee<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_extra-point-rob-vaughn-previews-weekend-series-with-arkansas.webp "The Crimson Tide has its work cut out for it this weekend as it looks to bounce back from four straight losses against the No. 1 ranked Razorbacks in a weekend series.")
_rishi-sunak-defends-nhs-waiting-list-figures.webp "Rishi Sunak has defended backlash from the latest NHS figures which show waiting lists have risen by 330,000 since he promised to cut them, insisting that the government's plan is working. \")
_10-top-tips-for-cheaper-home-insurance.webp "Use our money-saving tips to find the right policy and cut the cost of your premiums.")
_coast-guard-rescues-castaways-from-remote-island.webp "Thanks to a message spelling out \")
_trump-slams-biden39s-handling-of-inflation-claims-administration-has-39lost-control39.webp "Former President Donald Trump criticized Biden's handling of inflation, saying it has \")
_top-10-taylor-swift-lyric-parallels-that-are-frankly-gutting.webp "Quite frankly, these Taylor Swift lyric parallels are gutting. Welcome to MsMojo, and today we’re counting down our picks for the most gut wrenching Taylor Swift lyrical callbacks.")
_uconn-huskies-cut-down-nets-can-they-three-peat-next-season.webp "UConn Huskies Cut Down Nets: Can they Three-peat next season? from cut baby")
_lingering-storms-to-cause-more-travel-problems-this-friday.webp "Heavy rain from thunderstorms could cause delays or cancellations for your travel plans in the Northeast on April 11.")
_network-north-rail-minister-huw-merriman-cuts-the-ribbon-at-refurbished-station-on-sheffield-manchester-line.webp "The Rail Minister, Huw Merriman MP, cut the ribbon at the official opening of the Dore & Totley station in Sheffield.<br/><br/>It is part of a £150million rail improvement project in the Hope Valley line between Sheffield and Manchester.<br/><br/>Mr Merriman spoke with The Star's Harry Harrison after the opening in an interview you can find on thestar.co.uk")
_masked-gang-attack-police-and-cut-through-takeaway-cash-machine.webp "Masked gang attack police and cut through takeaway cash machine from cut baby")
_storms-to-cause-significant-travel-delays-this-thursday.webp "If you have travel plans on April 10, here's the forecast you should check before you hit the road or take to the sky.")
![[+]](/images/menu.gif){kind=small}