Walker, this growth trajectory that you mentioned where the seller grows 100, 80, 50, 10% and then sellers sell because they don’t know what to do next…. This runs contrary to a lot of deals I see where the growth is more recent. Let’s say the growth was 5%, 5%, 20% and now EBITDA margin is 18% vs 9% 2 years ago. What does this profile tell you about the sellers motivations for selling?
Walker, this growth trajectory that you mentioned where the seller grows 100, 80, 50, 10% and then sellers sell because they don’t know what to do next…. This runs contrary to a lot of deals I see where the growth is more recent. Let’s say the growth was 5%, 5%, 20% and now EBITDA margin is 18% vs 9% 2 years ago. What does this profile tell you about the sellers motivations for selling?