Just thought i'd give you a couple reasons why key man risk is mitigated here.
1. When firms join the group, partners sign to a 10-year partnership agreement
2. There are multiple partners that own the other 49% of the firm, and these are structured under a partnership entity, meaning in other words, that all partners are joint and severally liable for eachother. Furthermore, this puts immense consideration on who to admit as partners.
There is many many other interesting aspects of this business model that continue to work in their favour. This isn't just a 'roll up' and Brett will get offended if you get the chance to talk to him and say that too haha.
KPG Price at posting:
$5.15 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)