Percy Bean III
Battle Creek, MI (USA)
Role(s):
Founder/Owner/Principal
Poseidon Fund
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Startup
Location:
Dover
Industry:
Transportation
Year Founded:
2022
Number Employees:
10-50 people
Business Stage:
Creation/Idea
Entity Type:
Limited Partnership
Description:
The Poseidon Fund's mission is to generate a strong return for our partners through the utilization of efficient and effective operations built with the mindset of playing the infinite game. Our investment strategy is to acquire FedEx route businesses with a minimum of 12 routes ($1.5-3.0 million in sales)(URL removed)ough acquisition, we will gain
the necessary economies of scale to capitalize on our businesses local economic growth, potential for improved profit margins, and spread out costs across multiple locations increasing efficiencies throughout our operations. Due to the current market conditions, we continue to see compressed multiples for undervalued operations, which provides opportunities for our fund to invest.