STATISTICS
Given the current investment climate nationwide, and particularly in the Texas Market, Stroud Companies seized the opportunity to diversify our investment portfolio starting in 2010-2011. Seeing the interest-rate environment, the cyclical Multifamily and Senior Housing markets, and the variable changes in energy pricing, we reevaluate our investment timeline and portfolio mix three to four times per year. With this approach, our portfolio company mix may change from very narrow to extremely diverse. We believe the current business environment will generate investment opportunities in consumable brands, middle-market companies, and real estate. Looking forward, we expect to leverage our expertise in ground floor investments to take advantage of economic cycles and specific industry opportunities. As we combine this mentality with our opportunistic acquisition and disposition strategy, we expect strong double-digit annual returns and attractive annual yields.
CURRENT INVESTMENTS
DELOACHE CAPITAL
A seed round and continued programmatic investment in a Texas based Opportunistic Real Estate fund. They are looking at all aspects of the distressed and otherwise boutique Real Estate market, with a particular focus on midmarket multifamily ownership and GP interest acquisitions.
VISIT SITE
GYMKHANA FINE FOODS
Started in 2023 by the founders and owners of GYMKANA, the only 2 Michelin Star Indian Restaurant in the world, their lineup of products aim to bring Indian spices, sauces and marinades into the home. The focus is on growth globally on the back of their worldwide acclaim for being the best Indian food in the world.
VISIT SITE
NOTCH MOUNTAIN PROPERTIES
Notch Mountain Properties was formed to purchase and remodel value-add multifamily properties in Colorado and other select markets. The Company also adds value through its management of the assets. Apartments range from 50 to 150 Units, leverage of 65% to 70%, and total capitalization of $5MM to $20MM. We will invest on an asset-by-asset basis..
VISIT SITE
PHOENIX CAPTAL HOLDINGS
Phoenix Capital Partners is an ongoing investment in over fifteen individual joint ventures and seven funds to develop and acquire apartments and commercial properties in a multi-state area for $450 million.
VISIT SITE
SWBC REAL ESTATE
A programmatic investment focused on ground up Multifamily development in the southwest United States both a General and Limited Partners. The goal is to sell the assets on a deal-by-deal basis as they are leased up and capital markets improve with Interest Rates.
VISIT SITE
VELOCIS
A second-generation investment in a global Real Estate fund with over 1000 assets owned. Focused on Value-Add investments, Industrial Logistics and global Real Estate secondary offerings taking advantage of the distressed global real estate markets.
VISIT SITE
WILDLIFE PARTNERS
Wildlife Partners is an investment in the most innovative animal conservation business in the United States. We directly purchase, breed, care for and sell exotics and super exotic hoofstock at two ranches in Texas to nationwide customers, including many internationally prominent zoos, ranches, and government bodies seeking to preserve these endangered and sometimes extinct wild species.
VISIT SITE
REALIZED INVESTMENTS
BLACKSTONE REAL ESTATE ADVISORS
Blackstone Real Estate Advisors is a joint venture investment to acquire 1,200 senior living units for $74 million. The investment was sold in a sale/leaseback in 2005.
CHEF'S CUT REAL JERKY
Chef’s Cut Real Jerky is a follow-on investment from 2015, now in their Series A round. The brand has consistently shown remarkable growth and diversification of products as they also increase sales with the original product. Over the 2014-2016 timeframe, Chef’s Cut experienced the highest growth of any jerky company with 434% revenue growth, regardless of product quality. The market reception to jerky has been truly staggering, with multiple media outlets bringing Chef’s Cut on as a feature story. NFL star Von Miller, People Magazine, Access Hollywood, Olivia Munn, and many others feature the brand regularly across multiple media outlets.
GOOD CULTURE
VISIT SITE
INDEPENDENT LIVING MORTGAGE
Independent Living Mortgage is an investment in debt of eight senior living facilities for $98 million. The investment was converted to fee ownership and partially sold in a sale/leaseback in 2005/2006.
NHP RETIREMENT HOUSING PARTNERS
NHP Retirement Housing Partners is an investment in equity and debt of an existing company owning five senior living facilities for $85 million in a multi-state area. The investment was sold in a 1997 IPO.
PREMIER OUTDOOR MEDIA
Premier Outdoor Media is a northeast regional company specializing in outdoor media. The company has a dominant position in both automotive traffic and pedestrian outdoor media that includes billboard advertising with contextual messaging, real-time updates, and tune-in messaging. The result is the consumer interacts with a client’s message through visual, mobile, and social integration. The markets include New Jersey, Delaware, and Maryland. We made a direct investment in the Company to support continued growth.
Premier Outdoor was sold to Lamar Advertising in the first Quarter of 2025
VISIT SITE
SECUR, LLC
SECUR, LLC is a growth capital investment to a proven management team in the hazardous waste disposal and logistics business. Using the management team’s existing relationships with the U.S. Department of Energy, Army Corps of Engineers, Fortune 50 public companies, and public entities that create hazardous waste, SECUR will operate across all waste creators with a focus on the most complex and higher-margin business lines. This investment was sold back to management in 2021.
ORCHARD PARK
The Orchard was developed as a ground up, stand-alone Assisted Living and Alzheimer’s community which opened in January of 2015 in the Houston suburb of Katy, TX. After a rapid lease up and stabilization at 100% occupancy, the Community was sold in 2017 to an operating REIT for more than 5x multiple on cash invested. A joint venture investment was also made to develop and own 5 Assisted Living and Alzhemier’s communities in Texas using nonrecourse assumable HUD debt.
TRIAD SENIOR LIVING
Triad Senior Living is a joint venture investment to develop and own nineteen senior living facilities for $196 million. The investment was sold in a partnership buyout in 2003/2004.
CASE STUDIES
ORCHARD PARK
The Orchard Park transaction was a ground-up development of four Assisted Living and Alzheimer assets in Texas. HUD debt was acquired, which provided exceptionally low debt service. The assets were built on an accelerated timeline, and the full value was realized less than twelve months after the final opening with a sale to a well-known partner with a total equity return of a 4x multiple and 40% IRR to all partners.
PERMIAN CONTROLS
Stroud Companies, using an owned subsidiary, purchased a controlling interest in Permian Controls, an above ground oil and gas services automation company. The transaction was first put under contract while oil was at the lowest level since 1998. The company was given a significant work-over in operations, debt as well as sales and marketing. Within twelve months of closing, Permian had purchased its headquarters complex and secured low cost and long-term debt on the operations. These strategic moves, combined with the oil price rebounding almost 100%, provided an opportunity to sell this investment back to management.
CAPITAL SENIOR LIVING
(NYSE: CSU)
Capital Senior Living was a company start-up to initial public offering transaction. Three portfolios of independent, assisted, and memory care properties were acquired over an eighteen month period. The properties were then integrated into a single operating company. The company was then expanded through asset purchases and organic growth from a regional company to a national company. The exit strategy was a NYSE initial public offering with a total equity return of 10x multiple and 45% IRR to the founders.