Sobre este episodio
In today’s episode, Kyle Grieve and Shawn O’Malley analyze Perimeter Solutions, a niche industrial conglomerate built by Transdigm’s legendary founder Nick Howley using the same playbook that turned Transdigm into a multi-decade compounder. They break down how the company operates two very different segments, from wildfire retardants and airbase logistics to specialty chemicals and precision medical manufacturing equipment, each built around sticky, mission-critical customer relationships. They’ll also cover the company’s acquisition strategy, its unusual founder’s advisory fee, and the debt and litigation risks that complicate an otherwise compelling capital allocation story. IN THIS EPISODE YOU’LL LEARN: (00:00:00) Intro (00:01:19) Why the Transdigm playbook is worth cloning (00:05:02) How this management team built a public compounding machine (00:08:24) Why one segment profits directly from worsening wildfires (00:16:51) The chemical monopoly hiding inside a boring business (00:29:39) What makes these niche products nearly impossible to replace (00:39:05) How disciplined acquisitions have created so much shareholder value (00:45:16) The controversial fee structure investors aren’t big fans of (01:13:26) Valuation discussion of PRM (01:16:06) Intrinsic value of PRM (01:18:03) Whether Kyle and Shawn will add PRM to the Intrinsic Value Portfolio Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????The Intrinsic Value Mastermind Community???????????????????????????????????????????????????????????????????????????????????. Track ???????????The Intrinsic Value Portfolio???????????. Learn more about how to join us in NYC for our ????Intrinsic Value Conference????. Follow Kyle on ?Twitter? and ?LinkedIn?. Related ??????????????????????????????????????????????????books?????????????????????????????????????????????????? mentioned in the podcast. Ad-free episodes on our ????????????????????????????????????????????????????????????Premium Feed???????????????????????????????????????????????????????????????????. NEW TO THE SHOW? Get smarter about valuing businesses through ??????????????????????????????????????????????????????????????????????????????????The Intrinsic Value Newsletter??????????????????????????????????????????????????????????????????????????????????. Check out ???????????????The Investor’s Podcast Starter Packs???????????????. Follow our official social media accounts: ??????????????????????????????????????????????????????????????????????????????????X?????????????????????????????????????????????????????????????????????????????????? | ??????????????????????????????????????????????????????????????????????????????????LinkedIn?????????????????????????????????????????????????????????????????????????????????? | ??????????????????????????????????????????????????????????????????????????????????Facebook?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????. Try our tool for picking stock winners and managing our portfolios: ??????????????????????????????????????????????????????????????????????????????????TIP Finance?????????????. Enjoy exclusive perks from our ??????????????????????????????????????????????????????????????????????????????????favorite Apps and Services??????????????????????????????????????????????????????????????????????????????????. Learn how to better start, manage, and grow your business with the ??????????????????????????????????????????????????????????????????????????????????best business podcasts??????????????????????????????????????????????????????????????????????????????????. SPONSORS Support our free podcast by supporting our ?sponsors?: ?Plus500? ?Netsuite? ?Shopify? ?Vanta? References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor’s Podcast Network is not responsible for any claims made by them. Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
