Bridger PenningtonFund Launch & Investment Expert

Think doubling $8M in 18 months is impossible? 👀

7 Dec 2025 · 1 min

Watch on YouTube

0:32

In this brief interview excerpt, the speaker recounts a friend’s successful roll‑up strategy in the funeral home sector. The friend purchased eight independent funeral homes at roughly $1 million each, aggregating an $8 million portfolio. Over a period of 12–18 months he operated and modestly upgraded the combined business, then sold the entire group to a larger private‑equity firm for about $16 million, achieving a 2× return. The narrative highlights the mechanics of buying, consolidating, improving, and exiting a fragmented, low‑growth industry where larger investors prefer buying a ready‑made platform rather than sourcing individual assets.

Chapters

I had a friend. He went and bought funeral homes, mom-and-pop funeral homes. He found he could sell them for a 2x multiple of what he bought them for. So he'd go out, he bought 8 funeral homes for, let's call them, $1 million apiece. So $8 million. He grouped them together, ran them for about a year to 18 months because you got to get them running and functioning, upgrade them a little bit. He could sell that group for $16 million to a bigger private equity group because they don't want to go through the effort of buying all the ones, but they just want to buy a chunk. They got to deploy capital. So he went off through all the effort of buying and negotiating, put them all together, $8 million to $16 million in about 18 months.