2018: Partnered with the Koch brothers in the oil and gas industry
2017: Joined the $5M Rockies Venture Fund I as a Limited Partner
2016: Partnered with private equity Denham Capital to invest in Texas oil fields
2016: Started a car dealership and car rental company that was closed in 2019
2015: Started a BBQ food truck business with a partner that was sold in 2016
2013: Bought, grew, and sold a vending machine company that achieved a 2.1x MOIC in 2 years
2011: Founded Coneg LLC for Real Estate investing which has grown to 7 properties totaling 9 units representing $40M under management & $300K/yr in revenues
To generate consistent, sustainable, and long-term best in class returns by living our core values and emphasizing technology
1. Integrity – To be honest and adhere to moral principles
2. Respect - Treat others the way we want to be treated
3. Dedication – Wholly committed to a course of action
4. Commercial Focus - Main emphasis is pursuit of profit
5. Philanthropy - Promote the welfare of others
Our goal for 2021 is to establish deal flow to acquire properties with the following characteristics:
Stable: Consistent FCF during last bull & bear markets
Strong Economics: Capital/Debt Pay Out < 2/10 Years | +50% COC | Traditional debt financeable
Industry: Agnostic to market sector (Real Estate or Service related and not in vogue preferred)
Profit: $0.3M to $1M per year
Non-Distressed: No turn around needed for company
Target Markets: Open to contiguous US (prefer CO/CA/FL/TX/WY/KS/UT)
1. Identify value-add potential companies, such as:
Under managed assets
Higher than average operating costs
Lower than average margins
Below market revenue metrics
Unattended assets
Technology impact
2. Key strategy drivers:
Establish strategic relationships with brokers, managers, and capital providers
Be disciplined in strategically deploying capital for longer-term market cycles
Deploy technology and analytics to uncover value and drive efficiencies