Built By Operators.
Decades of experience building businesses, acquiring real estate, and operating through multiple economic cycles.
M&B Enterprises was built by operators who started in business long before they entered real estate. Since 1986, the founders have built companies through disciplined operations, reinvestment, and a focus on profitability. That mindset shaped the firm's approach to investing. Focus on real performance, stay disciplined on price, and invest in assets that can hold up through market cycles.
The properties the firm acquires today are the same types of buildings it began acquiring more than two decades ago. These are practical assets tied to the industrial economy. Warehouses, industrial buildings, and infrastructure-oriented properties serve industries that must operate regardless of economic conditions. The firm focuses on assets connected to logistics, energy, manufacturing, and essential services because those industries form the foundation of the American economy.
Bootstrapped. Disciplined. Built To Last.
The founders of M&B Enterprises began building companies in 1986. Those early ventures were built through disciplined operations and reinvestment. Profits from those businesses were continually reinvested to grow new opportunities.
In 2001, the team completed its first major real estate acquisition. That building remains in the portfolio today. From the beginning, real estate was approached the same way the founders approached business. They used profits generated from their companies to acquire undervalued and distressed properties that many buyers overlooked or could not easily finance.
Since that first acquisition, the firm has continued purchasing properties through multiple market cycles, recessions, and economic shifts. The strategy has remained consistent. Acquire assets at the right price, improve the property, and build long-term income. The types of properties being acquired today are the same types of properties the firm has been buying for more than twenty years. Industrial buildings and infrastructure-related real estate serve industries that will continue to exist and grow. These assets are part of the physical backbone of the economy.
Cash Flow First.
The firm's investment approach comes directly from its operating background. Cash flow comes first. The objective is to acquire assets at the right basis and bring them to income quickly. In most cases, the goal is to have a property producing cash flow within 90 days of acquisition.
Purchase discipline is critical. A property can only be purchased once, and if the price is too high it becomes very difficult to correct the investment later. For that reason the firm is extremely selective about the basis it is willing to enter a property at and maintains conservative debt levels so each asset can perform through both strong markets and economic downturns.
These principles have guided the firm's decisions for decades and continue to shape how every acquisition is evaluated today.
Mike Merrigan
Managing PartnerMike Merrigan built his career starting and operating businesses from the ground up, particularly in the retail industry. That experience shaped the philosophy he brings to real estate today. Retail teaches a simple lesson. Cash flow is what keeps a business alive.
Mike leads the firm's cash-flow-first investment discipline. Every acquisition is evaluated with the goal of producing income quickly, typically within the first ninety days after closing. His experience bootstrapping companies also reinforces the importance of purchase discipline. Mike places strong emphasis on acquiring assets below market value and maintaining strict control over the basis at which properties are purchased. At M&B Enterprises, Mike focuses on long-term ownership strategy and maintaining the practical operating mindset that built the firm.
Bo Kort
Managing PartnerBo Kort focuses on acquisitions, deal structuring, and capital partnerships. His background in construction and operating businesses gives him a deep understanding of how assets function in the real world.
Bo is closely involved in evaluating opportunities, negotiating directly with property owners, and designing the structure behind each transaction. He plays a central role in assembling deals and building the partnerships that make acquisitions possible. Bo also helps shape the long-term vision for each opportunity and ensures transactions are structured in a way that supports the firm's disciplined investment strategy.
DeanO Merrigan
Managing PartnerDeanO Merrigan leads asset management and operational execution across the portfolio. His background centers on rehabilitating buildings, improving layouts, and maximizing leasing performance.
DeanO works closely with contractors, tenants, and property managers to ensure properties perform as intended once they are acquired. He plays a key role in executing renovations, increasing occupancy, and turning underperforming properties into stabilized income-producing assets. DeanO's focus on leasing, property improvements, and day-to-day asset performance is a major driver of the firm's ability to bring assets to cash flow quickly.
Aligned With Our Partners.
The managing partners of M&B Enterprises invest their own capital in every acquisition. That alignment keeps the firm focused on the same objective as its partners. Buy right, operate carefully, and build assets that generate long-term income.