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re: Bernhard Capital Partners sells Baton Rouge pipe fabrication business to NY Private Equity

Posted on 7/17/26 at 5:42 pm to
Posted by billjamin
Houston
Member since Jun 2019
18855 posts
Posted on 7/17/26 at 5:42 pm to
quote:

I regularly invest alongside PE. It's quite different from most.

I work with dozens of PE firms. Everything from family shops to BX. It’s status quo.
Posted by armytiger96
Member since Sep 2007
2843 posts
Posted on 7/17/26 at 5:46 pm to
(no message)
This post was edited on 7/17/26 at 5:48 pm
Posted by Penrod
Member since Jan 2011
57122 posts
Posted on 7/17/26 at 8:19 pm to
quote:

I work with dozens of PE firms. Everything from family shops to BX. It’s status quo.

Most PE wants to hold companies for a target amount of time - usually five years, some have longer timeframes - then they flip them. If they want to keep owning they usually recapitalize and return some earnings to their fund. It’s out of the norm for PE to want to hold companies indefinitely. That is more like the SOP for Family Offices. Barnhard operated that way. They planned to invest and hold companies while they built out an eco-system.
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
49925 posts
Posted on 7/17/26 at 8:23 pm to
I have a lot of family that works at EPIC, I hope this works out for them. But these Private Equity things seldom do.
Posted by billjamin
Houston
Member since Jun 2019
18855 posts
Posted on 7/17/26 at 9:02 pm to
quote:

Most PE wants to hold companies for a target amount of time - usually five years, some have longer timeframes - then they flip them.

Sometimes. Other times I’m selling them assets with 25 year contracts.
quote:

That is more like the SOP for Family Offices.
sometimes. Other times they pump and dump.

This was PE on PE violence. There’s nothing different about this because it’s what’s his face.
Posted by Penrod
Member since Jan 2011
57122 posts
Posted on 7/17/26 at 9:10 pm to
quote:

Sometimes. Other times I’m selling them assets with 25 year contracts.

Most of the time, and you know it.
Posted by billjamin
Houston
Member since Jun 2019
18855 posts
Posted on 7/17/26 at 9:17 pm to
quote:

Most of the time, and you know it.

You’re trying to put this in a box you don’t understand and don’t see the long term investments they use to hedge. Maybe you’re only exposed to the short cycle stuff. But there’s so much more going on.
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
17230 posts
Posted on 7/17/26 at 9:22 pm to
quote:

Epic Piping


A bunch of clowns.
Posted by Mo Jeaux
Member since Aug 2008
64453 posts
Posted on 7/18/26 at 3:21 am to
quote:

You are too combative to understand what you're being told.


lol. I’m a private funds attorney. I regularly form private equity funds and advise their managers. As I said, Bernhardt’s Form ADV is publicly available (as in anyone is free to access it and read about their business). I don’t “understand” what you’re telling me because it’s bullshite. It doesn’t mean anything. Bernhard is private equity. No ifs, ands, or buts, about it. I don’t care if they told you that their strategy is someone different than other managers, they are private equity.

Posted by Mo Jeaux
Member since Aug 2008
64453 posts
Posted on 7/18/26 at 3:23 am to
quote:

I regularly invest alongside PE. It's quite different from most.


You’re talking about their strategy. That doesn’t mean anything. They’re still private equity. Not “treated as private equity for tax purposes”. I’m still laughing at that one. What does it even mean?
Posted by Penrod
Member since Jan 2011
57122 posts
Posted on 7/18/26 at 6:52 am to
quote:

Not “treated as private equity for tax purposes”. I’m still laughing at that one. What does it even mean?

It means I was walking around Park City and typing on my phone.
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