Insightful Investor

#49 - Mike Odrich: PE, Operational Value Add, A&M

18 snips
Dec 3, 2024
Mike Odrich, the Managing Partner and Founder of A&M Capital Partners, shares his journey from aspiring doctor to private equity expert managing $5.9B. He discusses adding operational value to investments, emphasizing strategic partnerships with A&M Consulting. Mike highlights the shift from public to private equity, lessons from the 2008 financial crisis, and the challenges faced by family-owned businesses. He delves into navigating today's economic landscape, emphasizing the importance of operational expertise amidst rising interest rates and inflation.
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ADVICE

Avoiding Broken Businesses

  • Businesses can become too broken to fix, so avoid those with fundamental flaws.
  • Be wary of financial engineering alone and focus on resilient, essential services.
ADVICE

Avoiding Greed and Learning from Mistakes

  • Avoid greed and sell when the time is right, even if it means leaving some money on the table.
  • Learn from tougher deals and refine your investment strategy based on those lessons.
ANECDOTE

A&M's Origins

  • A&M Consulting, founded in 1983 by Tony Alvarez and Brian Marcel, began as a boutique restructuring firm.
  • After a deal fell through, they bought their wives Mercedes, then told them they were starting their own firm.
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