Industry Deep Dives
Comprehensive research reports covering small business industries — market sizing, valuation benchmarks, M&A activity, and real deal flow analysis.
Car Wash: Express Exterior Is the Hottest Real Estate + Recurring Revenue Play in Small Business
Express exterior is the hottest real estate + recurring revenue play
HVAC: The $130 Billion Goldmine That Private Equity Can't Stop Buying
The $130B goldmine PE can't stop buying
Pest Control: The Highest-Margin Recurring-Revenue Play in Home Services
The highest-margin recurring-revenue play in home services
Plumbing Services: The Last Great Blue-Collar Consolidation Play
A $191B fragmented market facing a 550K plumber shortage by 2027, with PE deploying $31B+ since 2014 to roll up 129K independent operators. Pricing power from labor scarcity, recession-resistant demand (70-80% urgent), and 2.0x-3.0x SDE multiples create a 5-7 year seller's market window as boomer owners retire.
Roofing Contractors: PE's $100B Roll-Up Bonanza
The roofing industry is in the midst of an unprecedented PE consolidation wave—56 platforms competing for deals, up 239% in 24 months. With $100B in revenue, 6% growth, and 80% of demand from non-discretionary re-roofing, this fragmented sector (top 3 hold <6% share) offers rare visibility: aging housing stock + climate-driven replacement cycles = predictable cash flow. Multiples have corrected from 8x-11x (2023 peak) to sustainable 6x-9x EBITDA, creating entry opportunities for disciplined buyers. QXO's $3B war chest and 134 deals in 2024 (+25% YoY) signal this is just the beginning.