Enjoyed our chat with @chitchatmoney on our recent SMB acquisition in the pet services space. If you'd like to hear more about our process in acquiring the company and general SMB info, follow the link below to the podcast episode. open.spotify.com/episode/306r5r…

Some SBA lenders were iffy in underwriting debt at 7%. How many do you think will be willing to underwrite a deal at 11%? The answer is rhetorical.

We've officially posted our first article on capturing multiple expansion when rolling up SMBs and selling to PE This is a quick ~7min read but hopefully piques your interest further. Be sure to subscribe to get more types of info like this in your inbox cgcholdings.substack.com/p/capturing-mu…

When a seller wants cash only and a 30 day close 🚩🚩🚩

Buying fitness centers seem very enticing. You get the step up in depreciation from all the equipment which lowers your taxable income and then relatively steady cash flow. The high upfront costs is what really keeps people away.

$WMT CEO on consumer “The consumer is still very pressured...and if you look at economic indicators, balance sheets are running thinner and savings rates are declining relative to previous periods. And so that’s why we take a pretty cautious outlook on the rest of the year.”

Sometimes things aren't always what they seem to be cgcholdings.substack.com/p/why-i-passed…

It's very interesting when you look into being an owner versus chasing a high paying job. Owners, even without carried interest make significantly more than a high paying post-MBA career. Factor in carried interest and the results are pretty eye popping. Have a look

We're starting to realize that there are some high-quality deals out there to be done. Yes, SBA loan rates are at 10.5% right now but if you factor in terminal 11.5% rates (assuming FFR goes up another 100bps), and the business is still healthy, once cuts come in you're good.

Ownership Outearns Traditional Career Compensation Why equity earns you more in the long-run over chasing money cgcholdings.substack.com/p/ownership-ou…

Friendly reminder that SBA 7(a) loans have the guarantee fee waived for SMB deals under $500k until August 2023 sba.gov/document/infor…

🚨 Should I bring back our "Consumer Weekly Recaps"? 🚨 They wrapped up headlines from M&A, regulatory, financings, IPOs etc to bring you up to speed Snapshot of what a section looked like and if you want to see the full thing, just click the link below cedargrovecm.com/p/consumer-and…

In Dec of LY, I wrote about my quick thoughts on housing and what concerned me I labeled the mortgage payments as an asset but the home a liability due to overpaying and asset prices coming down Prime example of what I was talking about in WA about loss of equity (~$74k in 1y)

Going to be going over my notes on the pet industry and why I believe it gives us a hint at the state of the US consumer. Come join me! Ask questionsand chime in. Set a reminder for my upcoming Space! x.com/i/spaces/1djGX…

Set a reminder for my upcoming Space w/ Siyu Li Dec 17th @ 12pm EST. We're both actively in various M&A Arb Trades right now and want to host a forum to discuss the deals live. Come join us, ask questions, pitch in! $JBLU $SAVE $CPRI $TPR $AMZN $IRBT x.com/i/spaces/1nAJE…

Proud to announce that we've sold our pet grooming company this afternoon in our first exit. It's been one hell of a year with lots of learning experiences. On to the next one. 🚀

📣📣 Will be looking to release my post on the first business I bought and sold within the next week. Will be in audio format and I'll go over the biggest surprises / "mistakes" that went along with the deal. If you're someone who's interested in buying their first business and

An exciting (not so cringe) announcement to share with you all! For those of you who don’t know, I started writing investment research back in 2021 and then under the name “Cedar Grove Capital Management” in 2022. I did this on the side for fun because I truly love investing

Just exited our minority interest in Snoozy Gummy, a THC gummy brand based out of New York. This will be the second exit thus far. If you're interested in getting THC gummies that actually work, check them out below. getsnoozy.com

A quick 2024 win story to share I took a chance earlier in the year to start charging for the equity research that I've put out in the prior two years via Cedar Grove Capital Management and looking back, it's been very rewarding. As of market close Friday, the multi-strategy portfolio is up