My research of Chris Rolls, the founder of PieLAB Capital, who went through the journey of building and selling his business, then starting a private equity fund, and then starting a permanent holding company.

Their most successful portfolio company, Detector Inspector, have grown from $6.5 million in revenue to $84 million.

Chris is a big fan of acquisition led compounders and serial acquirers.

When comparing serial acquirers and private equity:

“We got the end of the fund and we had to sell some really great companies. And being an operator, if you have a great company which is growing, and generating cash – you don’t want to sell such companies.”

Fascinating lessons, I hope you enjoy listening as much as I enjoyed doing the research.

Show Notes:

00:00 - Intro

01:10 - Growing Detector Inspector from $6.5 million to $84 million

02:40 - The early years of learning private equity

04:01 - 3 reasons why private market investing generates better returns?

11:55 - Not wanting to sell great companies

17:02 - Characteristics of PieLAB Capital’s portfolio

20:39 - Becoming a long-term buyer and holder of businesses

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This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.