BYRON SNYDER: ONE MAN, TWO FUNDINGS, THREE ROLL-UPS

摘要

C. Byron snyder, the houston-based investor who recently secured financing for his second specialty contractor roll-up, understands some of the skepticism that surrounds his consolidation strategy. To those who worry that the only thing linking the contractors is a thin financial filament, he says, "It's good to be skeptical. If you do not have synergy and same-store growth, you shouldn't do it." And now that the market for specialty contractor initial public offerings "is dead," as Snyder says, private funding must be found and the pay-off is smaller.