Since we are not a fund, we do not face pressures to sell our companies within a short time period. This allows our companies to take a long-term approach to building their businesses.
Our subsidiaries function as entrepreneurial, quasi-autonomous enterprises, allowing them to maintain their unique operating principles and cultures.
We believe excessive leverage endangers the sustainability of even the best businesses and will not risk the health of a business simply to generate a few extra points of return.
We actively seek to invest in “platform companies,” defined as businesses where we have the opportunity to invest additional capital in high return projects or accretive add-on acquisitions. As a long-term holder, we view down cycles as an opportunity to invest.
Our subsidiaries have the ability to leverage the banking, insurance, legal, M&A, and tax support of a NYSE-listed company, as well as a large network of CEOs and senior managers in a wide variety of global businesses.