5 • 683 Ratings
🗓️ 8 May 2025
⏱️ 48 minutes
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0:00.0 | Andrew Abernathy. Welcome back to the podcast, man. |
0:02.9 | Appreciate it. Long time follower, first time meeting, dude. |
0:05.7 | I feel like I've known you for like a decade plus. And here we are. First time. |
0:08.7 | What's up, buddy? How you doing? It's showtime, man. So for people, you've been on the show twice. |
0:13.2 | So for people that haven't listened to you before, tell us a little bit about who you are, what you do, what's your world today. Yeah, Andrew Abernathy. I got three awesome boys from North Dakota, started a Berkshire holding |
0:24.5 | company called Abernathy Holdings when I was in my teenage years. We covered that in Lasco |
0:28.3 | podcasts. The goal of it is pretty simple to buy and or start companies' divisions within |
0:34.3 | holdings, put great people leading those companies. So a decentralized |
0:38.3 | management, centralized capital allocation model, and have a company that's never done a dividend. |
0:43.4 | It's a permanent capital vehicle to simply grow wealth at a higher clip than the average market. |
0:48.6 | That's the goal. Over the years, we've gotten into many things, but we have three divisions. |
0:53.5 | We have equipment dealerships. We've got our |
0:55.9 | self-storage division, which is our largest, vertically integrated. And we also have mobile home parks. |
1:00.2 | Those are communities. So that's where we're at today. We've got a $200 million dollar valuation |
1:04.6 | and I'm working my way to a billion and beyond. Yeah. So is that for the company value overall or like |
1:10.3 | the assets under management? The asset standard management is higher because we have JV relationships. Yeah. So is that for the company value overall or like the assets under management? |
1:11.4 | The asset standard management is higher because we have JV relationships. Correct. So that's just |
1:15.4 | the valuation for Abernathy Holdings. We've got over a quarter billion dollars in our pipeline |
1:19.3 | just for storage, let alone the other companies on the real estate side, but just the equity book |
1:24.3 | value for holdings, that's separate. So how old are you right now, and even if you |
1:29.8 | kind of let off the gas today, just through compounding and debt pay down? Like when do you think |
1:34.9 | you hit the billion? So I'm 31 today. The company should hit a billion by the time I'm 40, 41. |
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