Newsroom›December 31, 2024
Specific Industries Issues Year-End Letter to Stakeholders; Stakeholders Remain Undefined
Annual communication distributed per tradition
Corporate HQ (Virtual) — December 31, 2024 — Specific Industries today issued its annual Year-End Letter to Stakeholders. The letter was distributed to the firm's internal communications channel and archived on the firm's website. The specific identity of the firm's stakeholders remains, as in prior years, a subject of internal interpretation.
The Year-End Letter is drafted each year by the Chief Strategy Officer, Vincent Coleman, and reviewed by the Founder & CEO, Bill Sambrone. The 2024 letter runs approximately 14 pages, which is consistent with recent prior years.
The letter summarizes the firm's portfolio activity during the preceding fiscal year. In 2024, Specific Industries completed three acquisitions, evaluated approximately 340 additional candidates, and declined to comment on the remaining candidates.
The firm uses the term 'stakeholders' broadly in its annual communications. The letter is directed, as a matter of practice, to anyone who may find it relevant. In 2024, the firm does not distribute the letter to any external parties by default; interested readers may request a copy, subject to a review period of 14 to 18 months.
The firm's leadership team is reviewing whether the letter's audience should be more precisely defined in future years. That review is ongoing.
"We are pleased to share this year's letter with those to whom it pertains. Its pertinence is, we hope, self-evident."
— Vincent Coleman, Chief Strategy Officer
About Specific Industries
About Specific Industries — Specific Industries is a private holding company headquartered in Corporate HQ (Virtual). The firm identifies and acquires brands serving markets too specific for conventional investment. Specific Industries currently maintains 28 active portfolio brands across five strategic verticals. The firm was founded in 2019 and remains privately held. No outside capital has been accepted.
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