Kevin Tawil

This guy is super talented.

He knows this space really well.

He knows the community.

He has been part of it for a long time.

If he's leaving, I don't want to be stepping into his shoes.

Not necessarily something amiss, but you'll never live up to that.

It's going to be too difficult.

So we walked away from that.

And I think the next day, Jim and I met up just right before he was about to start fundraising.

We met up at a Chinese restaurant in Menlo Park.

And before appetizers hit the table, we came together, resolved who got what equity, which is 50-50, and that we were going to be leaving the next day to start fundraising together.

It was instantaneous.

Or the Red Rescue transaction.

We were looking for, I think, purchase prices around $88.5 million.

And we generated that with $2 million in equity, $2 million in subordinated debt, all from investors, and then some senior debt on top of that.

That was an interesting experience going out to raise money for Road Rescue.

Talk about what that was like.

It was a little different than search fund deals prior to that point.

I think we were sold out in 24 hours.

It was almost instantaneous.