FOCUS ON ESSENTIAL BUSINESSES
We own businesses—not pieces of paper—whose results are the product of people going to work and employing capital to build goods or services. Our research centers on companies embedded within large, growing end markets offering mission-critical products and services in ways that add—rather than extract—value. These businesses are often characterized by entrenched competitive positions and highly recurring revenues.
DEMAND AN ATTRACTIVE FINANCIAL PROFILE
We gravitate to businesses with high and sustainable returns on capital, attractive reinvestment opportunities behind their core strengths, abundant free cash flow, and strong balance sheets. We keep the bar for inclusion in Ironvine strategies intentionally high as our results should, in time, mirror those of our constituent businesses.
PARTNER WITH ALIGNED MANAGERS
Because we are minority shareholders, we favor businesses led by executives who think and act like owners. We prize long-term thinkers with prudent risk appetites and a penchant for deploying capital in ways that consistently increase per-share value.
Having acquired a collection of outstanding businesses at reasonable prices, our bias is inaction. Rather than deftness in entry and exit, we anticipate our returns being primarily driven by durable increases in the underlying cash flows of our portfolio companies.
PURSUE LIKE-MINDED INVESTORS AS CLIENTS
Building and maintaining a foundation of fellow business owners—not stock price watchers—with a long-term time horizon and the temperament to ignore the noise inherent in public markets enables us to make sound investing decisions.
INVEST HEAVILY ALONGSIDE OUR CLIENTS
We believe in our approach. Ironvine Capital and our strategies constitute the overwhelming majority of each of our partners’ net worth.