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4 min read

The Multiple Was Never the Deal

Every year I meet another crop of newcomer PE guys who think they found gold buying a dealer at 3x-4x EBITDA on some tired lumber dumper dealer that nobody else wanted. They walk around the yard like…
4 min read

The Novel That Broke My Reading Rules

I don’t read novels. Ask my kids, they’ll tell you my shelf is historical nonfiction, biographies, business books, and psychology and science reads. So when I told them I’d just tore through a novel…
4 min read

Why Debt-to-EBITDA Drives Company Culture

What Building Materials Leaders Need to Understand: Every leader in the building materials distribution space should understand one uncomfortable fact: your company’s debt-to-EBITDA ratio isn’t just…
5 min read

The Muppet Master & The Empty Chair

There is a particular kind of company tragedy that unfolds not with a bang but with a slow, almost imperceptible surrender. No fraud. No market collapse. No catastrophic product failure. Just a…
A black executive chair sits empty against a dramatic black and red background alongside the text "The Muppet Master & The Empty Chair" and the Misura Group logo.
6 min read

The Lump of Labor Fallacy vs. Classical Economics

Lessons from the Lumber Yard, the Loading Dock, and the Dinner Table Every generation gets its version of the same panic. In the 1800s, the Luddites smashed textile looms. Karl Marx fought the…
The Lump of Labor Fallacy vs. Classical Economics
7 min read

The Reckoning: What 1929 Teaches the Building Materials Industry About Sales Leadership

The Reckoning: What 1929 Teaches the Building Materials Industry About Sales Leadership Andrew Ross Sorkin spent nearly a decade writing 1929, his definitive account of the most catastrophic…
What 1929 Teaches the Building Materials Industry About Sales Leadership
7 min read

From Lumber Out to Build-Out: Why LBM Dealers Can’t Afford to Dabble in Installation

The message from the CEO Summit stage was direct, and it wasn’t comfortable: if you’re a lumber and building materials dealer operating as a “box in, box out” or “lumber unit in, lumber out”…
Install or be left behind....What LBM Leaders Gain by Owning the Process
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