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This Billionaire Bought Over A Thousand Small Businesses And Never Lost A Dime
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Meet the trans man that looks like TOM HARDY
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Jenna Dewan blames Channing Tatum for the divorce hold up in Magic Mike profit row
⏲ 1:57 👁 115K
Burglary gang who attacked police and targeted cash machines jailed
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This Day in History: Robert E. Lee Surrenders
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Bogota starts rationing water as reservoirs run low
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Legend of Emperor Xuan Ep 6-7 ENG SUB
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The Beach Boys - Trailer - Documentary
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_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.")
_meet-the-trans-man-that-looks-like-tom-hardy.jpg "Credit: SWNS / Leo Macallan<br/><br/>A woman who transitioned to become a man aged 22 says people now tell him he looks like Tom Hardy. <br/><br/>Leo Macallan, 32, was born a female and called Liz but came out as gay to his friends and family in June 2010 - before realising he was transgender in May 2014. <br/><br/>Liz started transitioning a month later - starting on testosterone which gave him body hair and lowered his voice - adopting male pronouns and changing his name to Leo. <br/><br/>He had top surgery a year later in 2015 and has never looked back.<br/><br/>Leo said his friends and family were \")
_jenna-dewan-blames-channing-tatum-for-the-divorce-hold-up-in-magic-mike-profit-row.jpg "Jenna Dewan has accused Channing Tatum of refusing to give her a fair cut of the profits from 'Magic Mike', which has held up them settling the terms of their divorce.")
_burglary-gang-who-attacked-police-and-targeted-cash-machines-jailed.jpg "New video shows how a gang of thieves attacked police and cut their way into a cash machine in at a takeaway in the West Midlands, in just two of more than a dozen attacks carried out across the country.")
_this-day-in-history-robert-e-lee-surrenders.jpg "This Day in History:, Robert E. Lee Surrenders.<br/>April 9, 1865.<br/>Surrounded with no possibility of escape, <br/>the Confederate General surrendered his troops to <br/>Union General Ulysses S. Grant in Appomattox, VA.<br/>Lee met Grant in full dress attire at 1 p.m. <br/>in the parlor of the Wilmer McLean home.<br/>His surrender ended the U.S. Civil War, <br/>the bloodiest war in American history.<br/>Having known each other from the Mexican War, <br/>the two spoke briefly before Grant wrote out the terms.<br/>As part of the terms, Lee's 28,000 starving troops,<br/>who had been cut off from supplies, would be pardoned <br/>and fed Union rations.<br/>The solemn ceremony ended with Grant telling his officers, <br/>\")
_bogota-starts-rationing-water-as-reservoirs-run-low.jpg "A spate of hot, dry weather has left the Colombian capital dangerously short of water. Authorities have now sounded the alarm, dividing the city into districts which take turns shutting off water. People have been urged to cut consumption to a minimum, to keep reservoirs from running out.")
_legend-of-emperor-xuan-ep-6-7-eng-sub.jpg "In a past existence, when he was attempting to succeed, his childhood girlfriend killed him. Shenjian Zhongzhen made the decision to cut himself off and turn into trash. The male lead reincarnated as the third prince of a small nation, using the space law and ring passed down to him from his previous incarnation. He left his home nation and traveled to the realm of the gods. Rebuild and fortify the divine sword from the past life, use one blade to destroy all gods, and use another to cut off cause and effect.<br/><br/>")
_the-beach-boys-trailer-documentary.jpg "THE BEACH BOYS is a celebration of the legendary band that revolutionized pop music, and the iconic, harmonious sound they created that personified the California dream, captivating fans for generations and generations to come. The documentary traces the band from humble family beginnings and features never-before-seen footage and all-new interviews with The Beach Boys' Brian Wilson, Mike Love, Al Jardine, David Marks, Bruce Johnston, plus other luminaries in the music business, including Lindsey Buckingham, Janelle Monae, Ryan Tedder, and Don Was. Viewers will also hear from the group's Carl and Dennis Wilson in their own words, plus view a new interview with Blondie Chaplin and hear audio from Ricky Fataar.")
_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.")
_meet-the-trans-man-that-looks-like-tom-hardy.webp "Credit: SWNS / Leo Macallan<br/><br/>A woman who transitioned to become a man aged 22 says people now tell him he looks like Tom Hardy. <br/><br/>Leo Macallan, 32, was born a female and called Liz but came out as gay to his friends and family in June 2010 - before realising he was transgender in May 2014. <br/><br/>Liz started transitioning a month later - starting on testosterone which gave him body hair and lowered his voice - adopting male pronouns and changing his name to Leo. <br/><br/>He had top surgery a year later in 2015 and has never looked back.<br/><br/>Leo said his friends and family were \")
_jenna-dewan-blames-channing-tatum-for-the-divorce-hold-up-in-magic-mike-profit-row.webp "Jenna Dewan has accused Channing Tatum of refusing to give her a fair cut of the profits from 'Magic Mike', which has held up them settling the terms of their divorce.")
_burglary-gang-who-attacked-police-and-targeted-cash-machines-jailed.webp "New video shows how a gang of thieves attacked police and cut their way into a cash machine in at a takeaway in the West Midlands, in just two of more than a dozen attacks carried out across the country.")
_this-day-in-history-robert-e-lee-surrenders.webp "This Day in History:, Robert E. Lee Surrenders.<br/>April 9, 1865.<br/>Surrounded with no possibility of escape, <br/>the Confederate General surrendered his troops to <br/>Union General Ulysses S. Grant in Appomattox, VA.<br/>Lee met Grant in full dress attire at 1 p.m. <br/>in the parlor of the Wilmer McLean home.<br/>His surrender ended the U.S. Civil War, <br/>the bloodiest war in American history.<br/>Having known each other from the Mexican War, <br/>the two spoke briefly before Grant wrote out the terms.<br/>As part of the terms, Lee's 28,000 starving troops,<br/>who had been cut off from supplies, would be pardoned <br/>and fed Union rations.<br/>The solemn ceremony ended with Grant telling his officers, <br/>\")
_bogota-starts-rationing-water-as-reservoirs-run-low.webp "A spate of hot, dry weather has left the Colombian capital dangerously short of water. Authorities have now sounded the alarm, dividing the city into districts which take turns shutting off water. People have been urged to cut consumption to a minimum, to keep reservoirs from running out.")
_legend-of-emperor-xuan-ep-6-7-eng-sub.webp "In a past existence, when he was attempting to succeed, his childhood girlfriend killed him. Shenjian Zhongzhen made the decision to cut himself off and turn into trash. The male lead reincarnated as the third prince of a small nation, using the space law and ring passed down to him from his previous incarnation. He left his home nation and traveled to the realm of the gods. Rebuild and fortify the divine sword from the past life, use one blade to destroy all gods, and use another to cut off cause and effect.<br/><br/>")
_the-beach-boys-trailer-documentary.webp "THE BEACH BOYS is a celebration of the legendary band that revolutionized pop music, and the iconic, harmonious sound they created that personified the California dream, captivating fans for generations and generations to come. The documentary traces the band from humble family beginnings and features never-before-seen footage and all-new interviews with The Beach Boys' Brian Wilson, Mike Love, Al Jardine, David Marks, Bruce Johnston, plus other luminaries in the music business, including Lindsey Buckingham, Janelle Monae, Ryan Tedder, and Don Was. Viewers will also hear from the group's Carl and Dennis Wilson in their own words, plus view a new interview with Blondie Chaplin and hear audio from Ricky Fataar.")
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