Transcript
Introduction
Patrick
My guests today are Matt Perelman and Alex Sloane, co-founders and managing partners of Garnett Station Partners. GSP invests in the trillion-dollar franchise and consumer services industries. Matt and Alex started the firm in 2014 as MBA students when they bought 23 Burger King restaurants. Since then, they've invested in 26 other multi-unit businesses, from gyms to car washes to funeral homes. GSP is now a leader in its field. In our conversation earlier this year, Marc Lasry dubbed Matt and Alex the next generation of great private equity investors. You'll soon hear why. This discussion is a masterclass on franchise investing. We explore GSP's playbook for creating value, the power of Matt and Alex's partnership, and their approach to scaling businesses for successful exits.
This conversation is special for another reason. For the last year, we've been working on a print publication that will share the very best of what we've encountered and learned every quarter. As the world goes bite-sized, short-form, and full of platitudes, we are drawn to harder searching, more detailed exploration and understanding, and more emphasis on the very best people we can find, who are doing unique things in both business and investing. GSP is one such firm, and along with many others, they are profiled in our first issue of an upcoming print publication to be revealed next month. We are going to print a limited edition of them to start, so if you are interested in hearing first when pre-orders go on sale, go to joincolossus.com/print. I really couldn't be more excited to share with you what we've been working on, including an in-depth profile of one of the great investors of the last 20 years, who is a cult figure in investing circles but has never been profiled or interviewed like this.