Mike Zani

And then in 2014, the last remaining daughter passed away.

Well, she had cancer.

But in hospice, she told the then CEO, Nancy Martini, that all things being equal, she'd love to sell the business to Mike and Daniel.

So we were really fortunate.

They felt we were passionate about the product, and we would be good sort of curators of her father's vision.

Because the company...

was founded in 1955.

There's a tremendous legacy.

Well, the company was held in trust, and the trust fiduciary sold the company to us through a process.

Actually, uh, the message got passed from the CEO to the fiduciary, um, who was the chairman of the board.

They had an appraised price for the business.

And they said, if we met the price that we could buy the business, was that like a four Oh nine evaluation or something?

I don't actually think it was a 409A valuation.

I think it was a valuation they did for the, for estate purposes to make sure that they could clean up their taxes, but it's probably very similar to a 409A.

No, we, we, we, we got a very healthy, uh, we got a good, good deal on the business.

Um, not, not sharing the purchase price.

Um,

And the only capital that we've brought on was acquisition capital.

Since November 2014, we've self-funded everything through cash flow.

No pun intended.