The explosive growth of Henry Singleton’s Teledyne

Henry Singleton’s Teledyne is one of the greatest business success stories there is. The conglomerate was born in the early 60s by the acquisition of a single company with less than $1 million in revenue. Over the next 15 years, Henry Singleton acquired around 125 (or 145 or 130 there are several different estimates) other companies to add to the group and by the mid-70s, these bolt-on acquisitions had driven Teledyne’s revenue to $1.7 billion.   Part one: The master of capital allocation Part Two: Teledyne Part three: Teledyne the downfall Part four: Five strategies for business success [klarman]   Revenues…