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_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.")
_all-grown-up-chuckie-doesnt-like-tommy-flirting-with-kimi.webp "AreaSixtyNine")
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_10000lb-monster-truck-attempts-stunt.webp "WEIGHING 10,000lbs, this colossal Monster Truck is not for the faint-hearted. Meet ‘Fluffy’ – the stunt-performing powerhouse that boasts more than 1,400hp. Proud owner, Kevin King, recently fired up the big engine and managed to jump over a fire truck and TWO police cars in his latest trick. Kevin has become one of the most well-known independent drivers in the Monster Truck Industry. Drawing a big crowd at one of his events in Waycross, Georgia, Kevin wanted to pay tribute to their local services – and thankfully, no one was left disappointed. Kevin told FutureStudiosCars: “This truck, it’s a beast. It’s a race vehicle. So it’s really not a matter of if it breaks – it’s just when and how bad. With the stunt, we wanted to show our support for those guys, to salute our first responders. It landed real good and I was happy with it.” ‘Fluffy’ is powered by an impressive Chevy 565 engine. And Kevin is more than used to handling this sort of vehicle – known for his work with ‘Fluffy’ and another truck called ‘Strait Jacket’. “I’ve been doing this for so long now,” he said. “When we get into the truck, when we put that helmet on, there’s really no thought process. If you’re thinking about it all, you’re going to screw up. It’s just what we do.” And when discussing the name ‘Fluffy’, Kevin added: “A Monster Truck called ‘Fluffy’? “It’s like the manliest, toughest name in Monster Trucks!”")
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_the-bawdy-adventures-of-tom-jones-1976-film.webp "Tom Jones, a maid's son adopted by the nobleman she worked for, now all grown up must run away from home when he is set up by his jealous cousin.<br/><br/>Nicky Henson ... Tom Jones<br/>Trevor Howard ... Squire Western<br/>Terry-Thomas ... Mr. Square<br/>Arthur Lowe ... Dr. Thwackum<br/>Georgia Brown ... Jenny Jones<br/>Joan Collins ... Black Bess<br/>William Mervyn ... Squire Alworthy<br/>Murray Melvin ... Blifil<br/>Madeline Smith ... Sophia<br/>Geraldine McEwan ... Lady Bellaston<br/>Jeremy Lloyd ... Lord Fellamar<br/>Janie Greenspun ... Daisy<br/>Michael Bates ... Madman<br/>Maxine Casson ... Prudence<br/>Joan Cooper Joan Cooper ... Nellie<br/>Isabel Dean Isabel Dean ... Bridget<br/>Arnold Diamond ... Noisy Reveller<br/>Hilda Fenemore ... Mrs. Belcher (as Hilda Fennemore)<br/>John Forrest ... Captain Blifil<br/>James Hayter ... Briggs<br/>Gladys Henson ... Mrs. Wilkins<br/>Arthur Howard ... Old Vicar<br/>Patricia MacPherson ... Molly Seagram<br/>Frank Thornton ... Whitlow<br/>Donald Bisset ... Gentleman of the Hunt <br/>Judy Buxton ... Lizzie <br/>Rodney Cardiff ... Sir William Fitzmaurice <br/>Erik Chitty ... Sam <br/>Zena Clifton ... Serving Wench <br/>Jeannie Collings ... Serving Wench <br/>Angela Crow ... Woman Prisoner <br/>Colin Cunningham ... Man at Ball <br/>Claire Davenport ... Mrs. Bakewell <br/>Griffith Davies ... Tilehurst <br/>Jack Dearlove ... Servant <br/>Roy Evans ... Major Domo <br/>Max Faulkner ... Gentleman of the Hunt <br/>Jean Gilpin ... Lady at Ball <br/>Rosamund Greenwood ... Village Gossip <br/>Penny Irving ... Serving Wench <br/>Eric Longworth ... Man at Ball <br/>Maggy Maxwell ... Village Gossip <br/>Tricia Newby ... Betty <br/>Christine Ozanne ... Miss Skillett <br/>James Payne ... Man Singing in Tavern <br/>Terence Sewards ... Lady Bellaston's Footman <br/>Susan Shaper ... Lady Coach Passenger <br/>Patsy Smart ... Village Gossip <br/>Patrick Westwood ... Gentleman of the Hunt <br/><br/>Directed by Cliff Owen")
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