Acquiring MindsJun 25, 20261h 18m2.2K views

How to 4x EBITDA in 3 Years Without Growing Sales | Ned Tomasevic Interview

Name: How to 4x EBITDA in 3 Years Without Growing Sales | Ned Tomasevic Interview
Uploaded: 2026-06-25
Duration: 1 h 17 min 34 s
Description: Ned Tomasevic bought an asset rental business through a traditional search fund and discovered after closing that earnings were closer to $1.5m than the expected $2.5m. He later grew EBITDA from $1.5m to $6m in three years mainly through margin improvement rather than sales growth, then moved into search investing through Searchers Fund.

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Synopsis

Ned Tomasevic bought an asset rental business through a traditional search fund and discovered after closing that earnings were closer to $1.5m than the expected $2.5m. He later grew EBITDA from $1.5m to $6m in three years mainly through margin improvement rather than sales growth, then moved into search investing through Searchers Fund.

Ideas in this episode

Search-fund small business acquisition
Ned Tomasevic bought an asset rental business via a traditional search fund, finding earnings of $1.5m instead of the expected $2.5m. He grew EBITDA to $6m in three years, then moved into search investing through Searchers Fund.
Small business acquisition (no experience required)
Ned Tomasevic acquired an asset rental business through a search fund after a search that yielded $1.5m rather than $2.5m in earnings. He later quadrupled EBITDA via margin improvement and moved into search investing.