LP First Capital

@thomasince & Logan talk about building @lpfirstcapital . Thanks for having us on @AxialCo

Big congrats to the team at LP First on making the Inc. 5000 list. 2nd year in a row we made the list. Real credit goes to the team members at our portfolio companies along with our investors. inc.com/profile/lp-fir…

Wanted to give a big shout-out to the team at United Land Services, which is a portfolio company of @lpfirstcapital. United was just ranked the 3rd fastest-growing landscape company in the country for the 2nd straight year. Revenue went up from 88.7M to 153.1M, and is now ranked the 20th largest landscaping company in the USA per the Lawn and Landscape report, lawnandlandscape.com/page/top-100/. The reason we are growing fast is b/c we are providing value in creating win-win's for owners and also focusing on the team/customers plus the amazing team. We are looking for other landscaping companies to join us. If you know of one that could be a good fit, please DM me....even if your an independent sponsor or searcher.

@fortworthchris With each team member you add, you are either increasing the average or decreasing the average. Keep on adding net positive energy creators you can eventually create the sun and create fusion. Love this thought process

When you buy multiple companies and make decisions on the fly. It helps to be able to quickly model out in your head what the MOIC and IRR is for investments. Here is a printout that I have memorized a few so I can quickly model things in my head. 3 Takeaways 🧵👇

@bentigg A very good thesis

The next billion dollar industry? Male-focused aesthetics: med spas, injectables clinics, hair loss treatments, hormone replacement therapy High margins, cash pay, massive growth w aging millennials, low risk medical procedures

For those wanting to know about non-recourse loans (NO PG) , this newsletter by SPP is a good monthly overview of what is market of what is market in the LMM This is useful for SMBTwit to understand as eventually you need to bring on some debt to grow with no PG Few ideas 👇🧵

For those who don't know who Mark Hunter is, @huntermarkj , you should follow him if you are a student of business, like creative deal-making, and aspire to buy multiple businesses. Heard him talk last year. He is the founder of KLH Capital and has had an incredible journey.

An interesting guy to follow is billionaire Willis Johnson (on left). He founded Copart, an auto salvage company that has 200x'ed since it went public. I'm about to study him & study Copart. Here are some resources if anyone else is inspired🧵👇

If you know of a Collision shop looking for a new family. Open Road Collision , would like to add you to this tree next year🎄👇 DM for info

That's a wrap! If you enjoyed this thread: 1. Follow me @thomasince for more of these 2. To get involved @lpfirstcapital

To succeed in business, you need a sustainable competitive advantage. The way I see it, there are 4 SUSTAINABLE COMPETITIVE advantages 💪 4 Things to focus on below 🧵👇

@thomasince @Acquisition_Guy @LoganusMaximus Good board meeting today @LoganusMaximus and @acquisition_guy

Come on #smbtwitter , let’s get Ben’s book list up to over 1000. I want this book for my kids

A great session at @SMB_ash or @HoldCoConf would be "Congrats, it's time to Exit... best structure for me??": For Ex: @thomasince and I Exited at roughly the same time (and coincidentally, to the same PE Firm). Where we are now & how deal structure drove that.. A thread 👇

Pleased to announce the 5th Collision Center purchase for OpenRoad Collision. This brings our location count to 13, and this is our 4th location for 1st Choice Collision brand. Here are some of the reasons why we love the collision industry and OpenRoad Collision. 🧵👇

@AltaFoxCapital Basically the Rule of 40. 20% EBITDA margin and 20% EBITDA growth

It is rare to find a business trading at a ~20% free cash flow yield and 7x fwd earnings that can grow mid teens EPS organically over the medium term. Significant confusion in the market has created what we believe is a very attractive risk/reward. More details tomorrow.

@hunterjones Sad

@hunterjones Who is Jake?

After the events of this week, I did a deep dive researching Jake and I’m 100% convinced he’s a pathological scammer/fraud. I would avoid him at all costs.