A record of acquisitions completed under this thesis — including the businesses acquired, the terms achieved, and how each holding performed for investors.
A family-owned inflatable and party equipment rental business built on recurring seasonal demand, an asset-light model, and a strong local reputation — exactly the kind of durable, cash-flowing operation this thesis is built around.
The position was exited earlier than planned after an unsolicited acquisition offer came in ahead of underwriting expectations. It was a clean, realized outcome — the kind of result the thesis is designed to find, not force.