Rick Kes

And, you know, really uncertain in terms of where that might go over the next, you know, six to 12 to 18 months. But doesn't seem like a lot of change in the near future there. You know, when it comes to inflation, I think there's been some news of late that inflation may be cooling a bit again. And, you know, obviously that's good news in the overall perspective, you know, as we manage inflation.

operating expense and other things that obviously hit, you know, kind of EBITDA, which obviously drives valuations and all those types of important metrics for our private equity backed companies. And now we're entering kind of a new era of things to kind of monitor. And that's obviously the global trade conversation around tariffs and other things of that nature.

operating expense and other things that obviously hit, you know, kind of EBITDA, which obviously drives valuations and all those types of important metrics for our private equity backed companies. And now we're entering kind of a new era of things to kind of monitor. And that's obviously the global trade conversation around tariffs and other things of that nature.

operating expense and other things that obviously hit, you know, kind of EBITDA, which obviously drives valuations and all those types of important metrics for our private equity backed companies. And now we're entering kind of a new era of things to kind of monitor. And that's obviously the global trade conversation around tariffs and other things of that nature.

And I think with all those things, there's good and bad that come out in the news cycle almost every day on all four of those topics. But most of our clients continue to be a little bit uncertain in terms of what the next six to 12 months looks like and whether or not they'll be able to execute on any of their growth strategies other than their own organic growth.

And I think with all those things, there's good and bad that come out in the news cycle almost every day on all four of those topics. But most of our clients continue to be a little bit uncertain in terms of what the next six to 12 months looks like and whether or not they'll be able to execute on any of their growth strategies other than their own organic growth.

And I think with all those things, there's good and bad that come out in the news cycle almost every day on all four of those topics. But most of our clients continue to be a little bit uncertain in terms of what the next six to 12 months looks like and whether or not they'll be able to execute on any of their growth strategies other than their own organic growth.

Those types of opportunities still exist. A lot of our clients are very, very focused on trying to do as much as they can within the four walls of their business without having to do an acquisition or anything of that nature to necessarily grow.

Those types of opportunities still exist. A lot of our clients are very, very focused on trying to do as much as they can within the four walls of their business without having to do an acquisition or anything of that nature to necessarily grow.

Those types of opportunities still exist. A lot of our clients are very, very focused on trying to do as much as they can within the four walls of their business without having to do an acquisition or anything of that nature to necessarily grow.

But obviously, most of our private equity companies have seen success in the past by buying other companies, putting them into a platform, and then really spinning up kind of a larger platform for the next turn of that transaction cycle. So

But obviously, most of our private equity companies have seen success in the past by buying other companies, putting them into a platform, and then really spinning up kind of a larger platform for the next turn of that transaction cycle. So

But obviously, most of our private equity companies have seen success in the past by buying other companies, putting them into a platform, and then really spinning up kind of a larger platform for the next turn of that transaction cycle. So

I think although there is opportunity to really focus inward and really optimize and manage what we can manage within the four walls of our company, we're also really optimistic that over the next six or 12 months, some of those other economic factors could probably change a bit. Interest rates probably being the one that would have the greatest impact to our deal flow of our clients.

I think although there is opportunity to really focus inward and really optimize and manage what we can manage within the four walls of our company, we're also really optimistic that over the next six or 12 months, some of those other economic factors could probably change a bit. Interest rates probably being the one that would have the greatest impact to our deal flow of our clients.

I think although there is opportunity to really focus inward and really optimize and manage what we can manage within the four walls of our company, we're also really optimistic that over the next six or 12 months, some of those other economic factors could probably change a bit. Interest rates probably being the one that would have the greatest impact to our deal flow of our clients.

But also the uncertainty related to the global economic importance. I think those things could really, as we continue to kind of mature through those cycles, understand how they impact our businesses and really

But also the uncertainty related to the global economic importance. I think those things could really, as we continue to kind of mature through those cycles, understand how they impact our businesses and really

But also the uncertainty related to the global economic importance. I think those things could really, as we continue to kind of mature through those cycles, understand how they impact our businesses and really

hopefully enable the opportunity for inorganic growth through M&A, which will obviously fuel the private equity community at large to really be able to kind of execute on some of the growth strategies that they've had.