M&A & Business Sale Guides: Owner-Focused Resources from CT Acquisitions
Research

Guides for founders thinking about a sale.No fluff. Real numbers.

Quick Answer

Lower middle market businesses in home services and trades typically sell for 3x to 9x EBITDA depending on sector, recurring revenue, and buyer type, with electrical contractors and pest control commanding premiums at the high end and roofing at the lower end. Successful exits require 12-24 months of preparation focusing on financial clarity, customer diversification, and management depth. In a buyer-paid model, you keep more of the proceeds by working with an advisor who structures the deal to attract off-market buyers rather than listing publicly. Real valuation depends on your specific EBITDA, customer concentration, and whether your revenue renews annually.

Practical research on lower middle market M&A: what businesses actually sell for, who’s buying right now, how to prepare, and what happens after the deal closes. Updated for 2026.

Valuation Guides

Sub-sector valuations with sourced 2026 multiples.

Selling Process

How to prepare, position, and run a sale process.

Buyer Landscape

Who buys lower middle market companies and how they think.

How PE Roll-Ups Work in Home Services
Guide

How PE Roll-Ups Work in Home Services

Platform + add-ons strategy, multiple-arbitrage math, and the 5 most-rolled sectors.

Who Buys Home Services Companies?
Guide

Who Buys Home Services Companies?

The 5 buyer archetypes (PE platform, PE add-on, strategic, search fund, family office) and which fits which seller.

Deal Origination for Home Services: 2026 Buyer Playbook
Guide

Deal Origination for Home Services: 2026 Buyer Playbook

How PE firms, family offices, and search funders source $1M-$25M EBITDA home services businesses.

PE Add-On Sourcing for Home Services Roll-Ups
Guide

PE Add-On Sourcing for Home Services Roll-Ups

How PE platforms execute add-on roll-ups: target identification, valuation arbitrage (4-5x add-on vs 7x platform).

Deal Sourcing for Independent Sponsors: 2026 Playbook
Guide

Deal Sourcing for Independent Sponsors: 2026 Playbook

How independent sponsors source LMM deals without committed fund capital: family-office co-investors, deal-by-deal financing.

How PE Firms Evaluate Acquisition Targets
Guide

How PE Firms Evaluate Acquisition Targets

Inside the PE diligence framework: financial screens, operational quality, owner-dependency, and the integration tests.

PE Firms Specializing in Roll-Ups: Top US Consolidators by Sector
Guide

PE Firms Specializing in Roll-Ups: Top US Consolidators by Sector

Which PE firms specialize in roll-ups by sector, sponsor profile, EBITDA targeting, and current platform activity.

Roll-Up Strategy Case Studies 2026
Guide

Roll-Up Strategy Case Studies 2026

What the top US PE platforms actually did, five anonymized case studies of platform-to-exit roll-up plays.

Roll-Up Acquisition Financing Guide 2026
Guide

Roll-Up Acquisition Financing Guide 2026

How PE platforms fund add-ons: senior debt, unitranche, mezzanine, rollover, and the typical capital stack by deal size.

PE Roll-Up Trackers

Citation-anchored snapshots of who is actively buying in each vertical, with verified 2024-2026 deal activity.

2026 HVAC PE Roll-Up Tracker
Tracker

2026 HVAC PE Roll-Up Tracker

27+ active platforms, $50B+ committed capital, multiples by EBITDA tier, and the 8 sub-sectors getting consolidated.

2026 Plumbing PE Roll-Up Tracker
Tracker

2026 Plumbing PE Roll-Up Tracker

13 verified active U.S. plumbing platforms with 2024-2026 acquisitions, every entry anchored to a press release.

2026 Roofing PE Roll-Up Tracker
Tracker

2026 Roofing PE Roll-Up Tracker

15 active roofing platforms profiled, acquisition velocity by tier, multiples for insurance-restoration vs commercial.

2026 Pest Control PE Roll-Up Tracker
Tracker

2026 Pest Control PE Roll-Up Tracker

21 platforms profiled (Rollins, Rentokil-Terminix, Anticimex, Aptive, Cook’s, Arrow, Massey, ABC Home, and more).

2026 Dental DSO PE Roll-Up Tracker
Tracker

2026 Dental DSO PE Roll-Up Tracker

21 DSO platforms (Heartland, Aspen, Pacific Dental, MB2, Smile Brands, USOSM, Mortenson) with sponsor and EBITDA detail.

2026 Manufacturing PE Roll-Up Tracker
Tracker

2026 Manufacturing PE Roll-Up Tracker

21 manufacturing PE operators across precision machining, metal fab, specialty chemicals, packaging, and EMS.

Leading PE Firms Acquiring HVAC Businesses 2026
Tracker

Leading PE Firms Acquiring HVAC Businesses 2026

The shortlist of PE firms most actively acquiring HVAC businesses in 2026, sponsor profiles, deal cadence, target criteria.

PE Firms Buying Manufacturing 2026
Tracker

PE Firms Buying Manufacturing 2026

Companion to the Manufacturing tracker: sponsor profiles, recent named deals, EBITDA thresholds, and sub-vertical focus.

Who Buys Manufacturing Businesses
Tracker

Who Buys Manufacturing Businesses

Strategic acquirers vs PE platforms vs family offices, which buyer type fits which type of manufacturing business.

2024-2026 PE Sponsor Concentration Heat Map
Report

2024-2026 PE Sponsor-by-Vertical Concentration Heat Map

17 PE sponsors with 3+ platforms in same vertical. Welsh Carson 8 (USAP cap 19.99% May 12 2025 = first sponsor-level prior-approval), Linden 7, KKR 6. Carlyle 4-MGA. 10 vertical heat maps. CA SB 351 + OR SB 951 + WA HB 2548.

2024-2026 PE HSR Threshold Avoidance Database
Report

2024-2026 PE HSR Threshold Avoidance Database

HSR 2026 = $133.9M. 1,973 FY24 filings / 59 second requests vs 621 PE add-ons (PESP) = 10x+ unreported ratio. Apex ~60/yr, VetCor 100+/yr, SPS PoolCare 191. Chamber v. FTC Feb 12 2026 VACATED 2024 HSR Form Final Rule. Welsh Carson May 13 2025 first sponsor-level remedy.

2024-2026 PE CV Discount-to-NAV Tracker
Report

2024-2026 PE Continuation Vehicle Discount-to-NAV Tracker

Total secondary $233B 2025 (vs $152B 2024). GP-led $115-116B. CV-specific $106B Evercore. Vista Cloud Software $5.6B June 2025 at disclosed 5% discount. 90%+ GP-led H1 2025 less than 10% discount. LP-portfolio 87% NAV. New Mountain Inframark+Azuria $5.5B Apr 23 2026 = largest infra CV ever.

2026 Home Health Home Care and Hospice PE Roll-Up Tracker
Tracker

2026 Home Health, Home Care & Hospice PE Roll-Up Tracker

32 active platforms post-Amedisys close, post-Enhabit take-private, post-80/20 rule. Every cap-table cited to CMS, SEC, MedPAC sources.

2026 Behavioral Health Mental Health and SUD PE Roll-Up Tracker
Tracker

2026 Behavioral Health, Mental Health & SUD PE Roll-Up Tracker

28 active platforms post-MHPAEA Final Rule, post-Cerebral DOJ probe, post-Refresh-to-Optum. Sponsor corrections to widely-mistracked attributions.

2026 ABA Therapy and Autism Services PE Roll-Up Tracker
Tracker

2026 ABA Therapy & Autism Services PE Roll-Up Tracker

15 active platforms post-CARD bankruptcy. Centria is THL, Action Behavior is Charlesbank, Acorn is OTPP, Proud Moments is Nautic since Feb 2025.

2026 Physical Therapy MSO PE Roll-Up Tracker
Tracker

2026 Physical Therapy MSO PE Roll-Up Tracker

18 active platforms post-ATI take-private at $523.3M (Aug 2025), post-Concentra IPO, post-PT-Solutions General Atlantic recap.

2026 Ophthalmology and Optometry MSO PE Roll-Up Tracker
Tracker

2026 Ophthalmology & Optometry MSO PE Roll-Up Tracker

22 active platforms. The 2024-2025 exit market was made by strategics: Cencora-RCA $4.6B, McKesson-PRISM $850M, VSP-Eyemart. EyeCare Partners is Partners Group.

2026 Gastroenterology MSO PE Roll-Up Tracker
Tracker

2026 Gastroenterology MSO PE Roll-Up Tracker

15 active platforms. GI Alliance is Cardinal Health 73% since Jan 2025 ($2.8B; Apollo exited). US Digestive Health is Optum. USAP FTC consent order precedent.

2026 Orthopedic and Podiatry MSO PE Roll-Up Tracker
Tracker

2026 Orthopedic & Podiatry MSO PE Roll-Up Tracker

14 active platforms post-OrthoAlliance/UHG $1.4B, post-Upperline/Extremity, post-CJR-X proposal. ASC ownership is the structural valuation lever.

Private Equity in Veterinary 2026
PE Roll-Up Tracker

Private Equity in Veterinary 2026

Verified 2026 inventory of PE-backed and corporate veterinary platforms in the US. Sponsors, scale, FTC scrutiny, multiples, and what vet practice owners should expect.

Private Equity in Dermatology 2026
PE Roll-Up Tracker

Private Equity in Dermatology 2026

Verified 2026 inventory of PE-backed dermatology MSO platforms. Sponsors, scale, multiples, and what dermatology practice owners should expect from each buyer.

Private Equity in Managed IT Services 2026
PE Roll-Up Tracker

Private Equity in Managed IT Services 2026

Verified 2026 inventory of PE-backed MSP platforms in the US. Sponsors, scale, multiples, and what MSP owners should expect from each buyer archetype.

Private Equity in Fire & Life Safety 2026
PE Roll-Up Tracker

Private Equity in Fire & Life Safety 2026

Verified 2026 inventory of PE-backed fire & life safety and security platforms. Sponsors, scale, recurring-inspection economics, multiples.

Private Equity in Solar 2026
PE Roll-Up Tracker

Private Equity in Solar 2026

Verified 2026 map of PE-backed solar EPC and installer platforms across utility, C&I, and residential, plus the post-ITC distressed-consolidation wave.

Private Equity in Industrial Automation & SCADA 2026
PE Roll-Up Tracker

Private Equity in Industrial Automation & SCADA 2026

Verified 2026 inventory of PE-backed industrial automation and SCADA system-integrator platforms. Sponsors, scale, reshoring and data-center tailwinds, multiples.

Private Equity in Auto Repair 2026
PE Roll-Up Tracker

Private Equity in Auto Repair 2026

Active PE buyers and consolidators in auto repair, collision, tire, and quick-lube. 2026 EBITDA multiples (2-4.5x SDE / 7x+ EBITDA) and full platform list.

Private Equity in Auto Body & Collision Repair 2026
PE Roll-Up Tracker

Private Equity in Auto Body & Collision Repair 2026

Verified 2026 inventory of PE-backed and strategic auto body / collision repair platforms in the US. Sponsors, scale, DRP economics, multiples.

2026 PE Platform Map: 100+ U.S. Platforms × 25 Sectors
Report

2026 PE Platform Map: 100+ U.S. Platforms × 25 Sectors

Where active PE platforms operate across 25 sectors, with sponsor, HQ, and most-recent disclosed deal.

2026 Urology MSO PE Roll-Up Tracker
Tracker

2026 Urology MSO PE Roll-Up Tracker

22 active platforms. Strategic-buyer dominated: Cardinal Health $1.9B Solaris, Cencora $4.6B UUG, GA-USUP. Pluvicto oncology infrastructure thesis.

2026 Anesthesiology MSO PE Roll-Up Tracker
Tracker

2026 Anesthesiology MSO PE Roll-Up Tracker

10 active platforms post-USAP/Welsh Carson FTC consent order Jan 17 2025. NorthStar Cranemere, NAPA American Securities + Leonard Green.

2026 Fertility and IVF MSO PE Roll-Up Tracker
Tracker

2026 Fertility & IVF MSO PE Roll-Up Tracker

11 active platforms. Pinnacle Webster (not WCAS), USF Amulet+L Catterton, CCRM into Unified. California SB 729 Jan 2026 is the dominant catalyst.

2026 OB-GYN and Women's Health MSO PE Roll-Up Tracker
Tracker

2026 OB-GYN & Women’s Health MSO PE Roll-Up Tracker

12 active platforms. Unified is a 3-investor stack (Altas+Ares+Oak HC/FT), OBHG Kohlberg+IMCO (not Sun), Solis TowerBrook. Dobbs bifurcated geography.

2026 Foundation Repair and Waterproofing PE Roll-Up Tracker
Tracker

2026 Foundation Repair & Waterproofing PE Roll-Up Tracker

7 active platforms. Groundworks is KKR (not Cinven/Charlesbank). USW Rotunda (not Wind Point). Hurricane Helene/Milton 2024 reset.

2026 Garage Door Services PE Roll-Up Tracker
Tracker

2026 Garage Door Services PE Roll-Up Tracker

8 active platforms. Guild/Oak Hill $800M+ March 2026 is the largest PE garage door deal ever. Precision Door is Neighborly/KKR not Authority Brands.

2026 Tree Service and Arboriculture PE Roll-Up Tracker
Tracker

2026 Tree Service & Arboriculture PE Roll-Up Tracker

24 active platforms. TruGreen CD&R (not Roark), HeartLand Pritzker (not Aurora), Schill TruArc (not Audax). Davey Tree ESOP as anti-PE bid.

2026 Restoration and Disaster Recovery PE Roll-Up Tracker
Tracker

2026 Restoration & Disaster Recovery PE Roll-Up Tracker

15 active platforms. BluSky is Partners Group + Kohlberg (not Levine Leichtman). ATI is TSG + Moore family (not CODI). GSAM $600M BELFOR Mar 2024.

2026 France LMM PE Buyer Landscape
Tracker

2026 France LMM PE Buyer Landscape

30+ active French LMM sponsors. Bpifrance 370K succession reality, Bridgepoint BDC V €2.8B, IK Small Cap IV €2.0B, Ardian Expansion VI €3.2B.

2026 Iberia LMM PE Buyer Landscape
Tracker

2026 Iberia (Spain + Portugal) LMM PE Buyer Landscape

35+ active Iberian sponsors. Verisure IPO Oct 2025 €13.7B, Talgo FDI veto, BBVA-Sabadell collapse, 1-2x EBITDA arbitrage vs France.

2026 Italy LMM PE Buyer Landscape
Tracker

2026 Italy LMM PE Buyer Landscape

40+ active Italian sponsors. PMI 1M succession (2.7x French pool), Investindustrial VIII €4B, Recordati €10.7B, PEX tightening, Golden Power.

2026 Nordics LMM PE Buyer Landscape
Tracker

2026 Nordics (SE+DK+NO+FI) LMM PE Buyer Landscape

35+ active Nordic sponsors. EQT X €22B Feb 2024, AP fund reform May 2025, Storskogen permanent capital, Bavarian Nordic failed take-private.

2026 Canada LMM PE Buyer Landscape
Tracker

2026 Canada LMM PE Buyer Landscape

35+ active Canadian LMM sponsors. Maple 8 pension funds CAD 2.43T+ AUM, CVCA 2025 CAD 57.5B, Quebec-led 192 vs Ontario 74, capital gains cancellation.

2026 Australia LMM PE Buyer Landscape
Tracker

2026 Australia LMM PE Buyer Landscape

30+ active Australian LMM sponsors. Healthscope receivership wiped Brookfield A$5.7B, KKR-Perpetual A$2.175B terminated, CC Capital won Insignia A$3.3B.

Private Equity Firms in Switzerland & DACH 2026
Buyer Landscape

Private Equity Firms in Switzerland & DACH 2026

Named Swiss and DACH lower-middle-market PE firms acquiring SMEs. Fund sizes, deal-size bands, sectors, and the succession wave driving 2026 deal flow.

Pan-European LMM PE Buyer Landscape 2026: Atlas of 100+ Active Sponsors Across 7 Regions
Buyer Landscape Atlas

Pan-European LMM PE Buyer Landscape 2026 (Atlas of 100+ Sponsors)

Primary-source atlas across UK, France, DACH, Nordics, Benelux, Iberia, Italy, and CEE. 18-section memo with Invest Europe/Argos macro spine, EU regulatory backdrop (FSR, AI Act, SFDR2, CSRD), 6 contrarian findings, and 100+ named sponsors with per-cell confidence ratings.

Private Equity in Plumbing 2026: Active Buyers & Multiples
Report

Private Equity in Plumbing 2026: Active Buyers & Multiples

Companion report to the Plumbing PE Roll-Up Tracker, buyer profiles, recent deals, and what platforms accept.

2026 Cardiology MSO PE Roll-Up Tracker
Tracker

2026 Cardiology MSO PE Roll-Up Tracker

12+ active platforms. US Heart & Vascular = Ares (NOT Webster). Cardiovascular Logistics = Lee Equity. CVAUSA = Webster. CY2026 OPPS EP ASC expansion.

2026 Pediatric MSO PE Roll-Up Tracker
Tracker

2026 Pediatric MSO PE Roll-Up Tracker

11+ active platforms. PM Pediatric Care corrected (NOT Vistria+Apollo). Walmart Health closure. USAP FTC consent order pediatric impact.

2026 Oncology MSO PE Roll-Up Tracker
Tracker

2026 Oncology MSO PE Roll-Up Tracker

18+ active platforms. Cencora-OneOncology 65% Feb 2026. McKesson FCS $2.49B. ION = Silver Oak (NOT Nautic). Caris IPO $5.35B.

2026 Dialysis and Renal Disease MSO PE Roll-Up Tracker
Tracker

2026 Dialysis & Renal Disease MSO PE Roll-Up Tracker

12+ active platforms. Evergreen = Rubicon+Oak HC/FT+K2 (NOT KKR). Panoramic = Audax (NOT Charlesbank). Fresenius Reignite EUR 312M.

2026 Singapore + Southeast Asia LMM PE Buyer Landscape
Tracker

2026 Singapore + SEA LMM PE Buyer Landscape

30+ active sponsors. EQT BPEA IX USD 15.6B April 2026 = largest Asia-Pac PE fund ever. SFOs 2,000+. Quadria III. BEPS Pillar Two.

2026 Japan LMM PE Buyer Landscape
Tracker

2026 Japan LMM PE Buyer Landscape

25+ active sponsors. JIP Toshiba JPY 2T. Bain Mitsubishi Tanabe JPY 510B. KKR Fuji Soft JPY 637B. METI 1.27M succession. Hitachi 22-subsidiary.

2026 Korea LMM PE Buyer Landscape
Tracker

2026 Korea LMM PE Buyer Landscape

25+ active sponsors. MBK Fund VI USD 5.5B. Hahn SK Specialty USD 1.8B. FSC one-strike-out Dec 2025. KFTC Affinity-Lotte block. 60% inheritance tax.

2026 Snow and Ice Management PE Roll-Up Tracker
Tracker

2026 Snow & Ice Management PE Roll-Up Tracker

16+ active platforms. BrightView take-private DID NOT HAPPEN. Schill TruArc Jan 2026. Heartland Pritzker $700M+. Region-aware Snow Belt vs Sun Belt.

2026 Paving Asphalt PE Roll-Up Tracker
Tracker

2026 Paving Asphalt & Pavement Maintenance PE Roll-Up Tracker

14+ active platforms. Pave America AEA+BCI Aug 2025. PPG Sterling. Rose+ASP Tenex. Sunland = Huron (NOT Highland). IIJA expires Sept 30 2026.

2026 Septic and Onsite Wastewater PE Roll-Up Tracker
Tracker

2026 Septic & Onsite Wastewater PE Roll-Up Tracker

10+ active platforms. LES = Goldman Sachs Sep 2025. Veolia-Clean Earth $3B Jun 2026. Essential+American Water merger. FL HB 1379 closing window.

2026 Waste Hauling and Environmental Services PE Roll-Up Tracker
Tracker

2026 Waste Hauling & Environmental Services PE Roll-Up Tracker

20+ active platforms. Stericycle = WM $7.2B Nov 2024. GFL ES divestiture Mar 2025. Reworld = EQT+GIC. Heritage-Crystal Clean = JFL. WIN = Macquarie.

2026 US Excavation PE Roll-Up Tracker
Tracker

2026 US Excavation, Site Work & Earthmoving PE Roll-Up Tracker

25+ active platforms. Data center earthwork $50B+ 2024 = 70% of nonresidential growth. IIJA Sept 30 2026 expiration + BUILD America 250 Act May 22 2026. Granite $778M, Knife River $610M, CPI $654M Lone Star. ESOP cap (Sundt, Kiewit, McCarthy, Burns & McDonnell, Black & Veatch).

2026 US Pool Service PE Roll-Up Tracker
Tracker

2026 US Pool Service, Care & Maintenance PE Roll-Up Tracker

18+ active platforms. SPS PoolCare/Storr = 42,000 weekly customers + 194 deals (Pool Troopers Jan 23 2026). Pinch A Penny = POOLCORP $236M Nov 2021 (NOT Sun Capital). Vermana Lightview+Patriot+Aldine July 2025. FL 113-child 2025 drowning toll = 2026 reform.

2026 US Water Wastewater PE Roll-Up Tracker
Tracker

2026 US Water & Wastewater Services, Equipment & Utility PE Roll-Up Tracker

30+ active platforms. Azuria + Inframark $5.5B CV April 23 2026 = largest infra services CV ever. AWK+WTRG $40B Oct 27 2025 closes Q1 2027. Aquarion $2.4B re-municipalization March 25 2026. Parker Hannifin/Filtration Group $9.25B. PFAS 5 MCLs + LCRI 2037 LSL.

2026 US Window Door PE Roll-Up Tracker
Tracker

2026 US Window, Door, Glass & Replacement Installation PE Roll-Up Tracker

25+ active platforms. Power Home Remodeling Bain+Sixth Street+Harvest May 4 2026 (NOT GIC). MITER/PGT $3.1B Koch (NOT $1.4B Onex). Renuity Greenbriar June 2024 9-brand 30-state. Renovo Oct 2025 collapse. OBBBA 25C/25D killed Dec 31 2025.

2026 US Flooring PE Roll-Up Tracker
Tracker

2026 US Flooring Distribution, Retail, Contractor & Installation PE Roll-Up Tracker

20+ active platforms. Diverzify $240M Paceline May 21 2026. Interior Logic Group Blackstone $1.6B. LL Flooring Ch11 + F9 $40-43M. Empire Today distressed LME Nov 2024. Mannington Phenix exit Oct 2025. Tarkett €17 take-private. OBBBA 25C/25D killed.

Industry Reports & Data

Long-form research with explicit methodology, named sources, and a Limitations section.

Why M&A Deals Fall Apart 2026
Report

Why M&A Deals Fall Apart: 2026 Deal-Killer Data Report

Roughly a third of signed LOIs never close. The verified data on why, from the Axial Dead Deal Report and SRS Acquiom.

2026 LMM Buyer Demand Report (Flagship)
Report

2026 LMM Buyer Demand Report (Flagship)

Our most-cited report. 5,400+ words on what 76+ active U.S. lower-middle-market buyers want, with full methodology and limitations.

2026 Home Services M&A Multiples Report
Report

2026 Home Services M&A Multiples Report

Real 2026 multiples by sub-sector, HVAC, plumbing, electrical, roofing, pest control, landscaping, from 76 active buyers.

2026 LMM Buyer Landscape: 100+ U.S. Acquirers
Report

2026 LMM Buyer Landscape: 100+ U.S. Acquirers

100+ active U.S. acquirers profiled by EBITDA target, sector preference, and deal structure.

Most Active PE Platforms 2026
Report

Most Active PE Platforms 2026

The 25 PE platforms with the highest disclosed deal volume in 2025-2026, ranked by add-on count and sector.

Fragmented Industries Ripe for Consolidation 2026
Report

Fragmented Industries Ripe for Consolidation 2026

Where the next wave of platform roll-ups is forming, fragmentation scores, multiple arbitrage, and PE sponsor interest by vertical.

2026 Earnout Benchmark Report
Report

2026 Earnout Benchmark Report

Prevalence, sizing, duration, and metric design, what earnouts actually look like by deal type and EBITDA tier.

2026 Founder Rollover Equity Benchmarks
Report

2026 Founder Rollover Equity Benchmarks

Rollover prevalence and sizing by deal type, with structure (common vs preferred) and typical liquidity windows.

Earnout Metric Negotiation: Revenue vs EBITDA Benchmarks
Report

Earnout Metric Negotiation: Revenue vs EBITDA Benchmarks

When buyers push revenue-based earnouts vs EBITDA-based, what the prevalence data shows, and how sellers should respond.

2026 US GP-Led Continuation Vehicle Market Report
Report

2026 US GP-Led Continuation Vehicle Market Report

$115B GP-led 2025 (vs $74-84B 2024). 28+ named CV transactions: Vista/Cloud Software $5.6B, New Mountain/Real Chemistry $3.1B, KSL/Alterra $3B+. 5th Circuit PFAR vacatur.

2026 US Independent Sponsor Economics Report
Report

2026 US Independent Sponsor Economics & Carry Waterfalls Report

25+ active platforms. MOIC 27% to 54% shift (Citrin Cooperman 2025). 56% at 2% closing fee. 5% modal GP commit. Tiered carry 0%/10%/15%/20%/25-30%. IRC 1061 reshape.

2026 US International Search Fund Outcomes Report
Report

2026 US + International Search Fund Outcomes Report

681 US/Canada cumulative funds. Stanford 35.1% IRR + 4.5x MOIC vs Yale 2.80x MOIC divergence. IESE 320 international (Spain 67, Mexico 50, UK 35). Asurion 100x anchor.

2026 Top 100 Family Office Direct PE Platforms Report
Report

2026 Top 100 Family Office Direct PE Platforms Report

US 50 + UK 15 + CH 10 + DE 10 + JP 8 + SG 7. BDT-MSD $73.8B largest US single FO. Cascade $115B+ Gates. ICONIQ $80B+. Singapore 2,000+ SFOs (+43% YoY).

2026 US Specialty Insurance MGA Brokerage Report
Report

2026 US Specialty Insurance, MGA & Fronting Carrier Report

25+ active platforms. US E&S $135B + MGA $114.1B + Fronting $28B 2024. AmWINS = Dragoneer-led (NOT Stone Point). Carlyle 4-platform concentration (NSM/Hilb/Trucordia/Vantage).

2020-2026 PE Take-Private Failure Tracker
Report

2020-2026 PE Take-Private Failure Tracker

31+ named failures, withdrawals, re-cuts, forced-closes, in-hold Ch11s. $80-100B equity rerate. KKR/Envision $10B wipeout, Cerberus/Steward $3.4B clawback Nov 2025, Vista/Citrix $6.5B hung debt, Twitter forced-close template, TEGNA regblock, URI/H&E walk.

2024-2026 PE Roll-Up Job Cohort Study
Report

2024-2026 PE Roll-Up Job Cohort Study (QCEW Replication)

DHJLM NBER 26371 applied to named PE bankruptcies 2024-2026. 65,850 documented 2024 layoffs (PESP). Steward 30K, Red Lobster 36K, Yellow Corp 30K, Joann 19K, Prospect 11.3K, Envision 25K. Public BLS QCEW replication of restricted Census LBD.

2024-2026 State AG Healthcare PE Enforcement Tracker
Report

2024-2026 State AG and Legislature Healthcare PE Enforcement Tracker

Every state AG filing + notification law 2024-2026. CA AB 3129 VETOED Sep 2024; actual law SB 351 Oct 2025. OR SB 951 (NOT HB 4130). IN SEA 9. WA HB 2548 = first US sale-leaseback pre-notify statute. MA H 5159. RI Centurion 40 conditions. Walgreens/Sycamore Aug 2025 settle.

2024-2026 Top 200 Single Family Office Direct PE Tracker
Report

2024-2026 Top 200 SFO Direct PE Tracker

200+ named US, EU, Asia SFOs. 60+ named direct deals 2024-2026. Mars-Kellanova $35.9B, Ellison-Paramount $8B Aug 2025, Hinduja-Reliance Capital INR 9,650cr March 2025, Pinault-CAA $7B, PPC IV $3.4B Aug 2025. JAB BBB downgrade + INEOS + Artémis stress = direct concentrates downside.

2024-2026 Singapore HK Dubai SFO Boom Tracker
Report

2024-2026 Singapore + HK + Dubai SFO Boom Tracker

HK 3,384 SFOs end 2025 (Deloitte) far exceeds InvestHK 200 target. SG 2,000+ +43% YoY (MAS). UAE +9,800 Henley 2025; UK -16,500 non-dom exodus. PIF/EA $55B + MGX/Aligned $40B + SoftBank/OpenAI $34.6B. Adrian Cheng forced exit Sept 26 2024. Italian flat-tax €300K.

2024-2026 Family Office Succession + Wealth Transfer Tracker
Report

2024-2026 FO Succession + Wealth Transfer Tracker

Cerulli updated to $124T through 2048 (NOT $84.4T). UBS 91 heirs / $297.8B 2025. OBBBA July 4 2025 made $15M estate exemption PERMANENT. Murdoch $3.3B Sept 8 2025 settlement = Succession TV template. Tata Noel Oct 11 2024. Samsung 12T won May 2026 completion. Chey reversal Oct 16 2025.

2024-2026 HOA + Community Association Management PE Roll-Up Tracker
Report

2024-2026 HOA + Community Association Management PE Roll-Up Tracker

$53.9B US HOA management market (WSJ/Edgen). FSV + Associa combined own only 11%. 3 NEW platforms 18 months: Charlesbank/CMH Nov 2024, Alpine/Oakline Sept 2025, FFL/Pioneer March 2026. RealManage = American Securities NOT Apax. KWPMC = Odevo Sept 2022. Vantaca $1.25B Oct 2025.

2024-2026 Short-Term + Vacation Rental Management Distressed PE Tracker
Report

2024-2026 STR + Vacation Rental Management Distressed PE Tracker

$183B global STR (Skift). Vacasa-Casago $128.6M close April 30 2025 / Steve Schwab CEO. Sonder Chapter 7 Nov 14 2025 (NOT Ch 11) post Marriott Nov 7 license termination. NYC LL18 22,246 to 4K listings. Maui Bill 9 Dec 15 2025. Hignell-Stark 5th Cir Oct 7 2025. EU 2024/1028.

2024-2026 Commercial + Industrial + Retail Property Management PE Roll-Up Tracker
Report

2024-2026 Commercial + Industrial + Retail PM PE Roll-Up Tracker

$80-100B US commercial PM. Big 4 (CBRE/JLL/Cushman/Colliers) NOT comprehensive at LMM. Cushman CWFS to Vixxo Aug 1 2024. WeWork emerged Ch 11 June 11 2024 (Yardi 60%). CBRE-Industrious $800M Jan 14 2025. Aligned/AIP/MGX/BlackRock GIP Oct 15 2025 $40B = largest data center deal EVER.

2024-2026 Specialty Property Management PE Roll-Up Tracker
Report

2024-2026 Specialty PM PE Roll-Up Tracker (Student + Senior + MHP + Self-Storage)

PSA-NSA $10.5B March 16 2026 = LARGEST SELF-STORAGE TRANSACTION EVER. Sun-Safe Harbor $5.65B Apr 30 2025 (Blackstone Infra). LCS-Vi merger May 1 2026 (130 communities). Sonida-CNL $1.8B Nov 5 2025. NIC MAP Q1 2026 = 89.5% senior occupancy (19th straight gain). Asset Living = Roark.

2024-2026 SEC EDGAR M&A Deal-Term Database
Report

2024-2026 SEC EDGAR M&A Deal-Term Database ($5-50M EV)

LMM M&A deal terms from SEC EDGAR 8-K + Rule 3-05. RWI 64% adoption ABA 2025. Earnout 18%. Double-scrape 56%. Indemnity cap 0.25% with RWI. Fortis v J&J damages. 25+ named LMM deals + Delaware Chancery rulings.

2026 State QSBS Conformity Matrix
Report

2026 State QSBS Conformity Matrix (IRC Section 1202)

50-state QSBS conformity matrix. OBBBA July 4 2025 = $75M/$15M permanent. CA RTC 18152 NON-CONFORM. PA 72 PS 7301 NON-CONFORM. MA $1M cap. HI 50% cap. Named exits: Klaviyo, Astera, Rubrik, Tempus AI, OneStream.

2026 State Non-Compete Enforceability Matrix
Report

2026 State Non-Compete Enforceability Matrix

50-state non-compete map post-FTC vacatur. 16 CFR 910 REMOVED Feb 12 2026 (91 FR 6712). 5 total ban states (CA + MN + ND + OK + DC). Sunder Energy Del Dec 2024 (blue-pencil refusal). US v Lopez April 2025 = first DOJ wage-fixing conviction.

2024-2026 SBA 7(a) Acquisition Lender Rankings
Report

2024-2026 SBA 7(a) Acquisition Lender Rankings

SBA 7(a) lender rankings FY25 $37.3B total / $8.29B acquisition. Live Oak #1 ($2.8B + 2,280 loans +44% YoY). Newtek #2 $2.0B+. SOP 50 10 8 (June 1 2025): seller note 50% cap + full standby. Acquisition default 1.93% vs 2.71% non-acq.

2024-2026 R&W Insurance Carrier Comparison
Report

2024-2026 R&W Insurance Carrier Comparison

R&W carrier comparison + 16 carriers ratings. Marsh $91.6B placed 2025 (+34% YoY). -14% NA 2024 to +16% NA 2025 reversal. Aon $3B+ recoveries. Median claim $8.2M 2025 vs $5.5M 2024. Aon/NFP $13B April 2024. CRC/Euclid Jan 2026.

2024-2026 M&A Working Capital Peg Methodology Database
Report

2024-2026 M&A Working Capital Peg Database

WC peg from EDGAR 8-K + Big-4 + Delaware Chancery. 93% deals + 90-day median true-up. SM Buyer v RMP Save Mart Feb 2024 + Northern Data AG v Riot Platforms June 2025. Owens&Minor/Rotech $1.36B + CHS/Duke $280M + 3 more named.

2024-2026 M&A Closing Cost Breakdown
Report

2024-2026 M&A Closing Cost Breakdown ($5M-$500M EV)

All-in closing costs as % of EV: 12.3% at $5M / 8.3% at $25M / 7% at $50M / 5.9% at $100M / 4.5% at $250M / 3.6% at $500M. Houlihan FY25 $2.39B. HSR 2026 6-tier $35K-$2.46M. 27 QofE provider rankings. 1% rule debunked.

2024-2026 M&A Multiples Database from SEC EDGAR
Report

2024-2026 M&A Multiples Database (EDGAR + Rule 3-05)

M&A multiples from EDGAR 8-K + Rule 3-05. 9.8x EV/EBITDA median 2024-2026. SaaS 6.1x EV/Rev + Rule of 40. Healthcare 9.6x. Data center 25-35x (Aligned/MGX $40B largest ever). 42 mega + 30 MM + 25 LMM named deals (CSU + HEI + Limbach + Comfort Sys).

2024-2026 Private Credit + BDC Performance Report
Report

2024-2026 Private Credit + BDC Performance Report

US private credit $2T AUM 2025. Non-listed BDC NAV $203.9B Q4 2025. BCRED $82.2B / $47.6B NAV. FSK Q1 2026 cycle-marker (NAV -9.9% / 4.2% non-accruals / $558M loss / 7% dividend cut). Pluralsight ARCC 48 cents. KBRA 3.4% default. OBDC+OBDE Jan 2025.

2020-2026 Delaware Chancery PE Litigation Report
Report

2020-2026 Delaware Chancery PE Litigation Report

40+ Delaware Chancery + Sup Ct PE rulings 2020-2026. Fortis v J&J $811M Jan 26 2026 (partial Sup Ct reversal Jan 12 2026). Tornetta v Musk $55.8B reversed Dec 19 2025 ($1 nominal). Sunder Energy. SB 313 July 2024 + SB 21 March 2025. DExit phenomenon.

2020-2026 PE Bankruptcy Recovery Rate Report
Report

2020-2026 PE Bankruptcy Recovery Rate Report

40+ named PE bankruptcies + tranche-level recovery (1L/2L/unsec/equity). 2024 first-lien 49.2% vs 76.4% long-run (Moody's). PESP: 56% / 70% / 54% PE-backed share. Healthcare 52% / STR 28% recovery. Serta Dec 2024 + Robertshaw June 2024 LME precedents.

2000-2026 PE Fund Persistence Report (Korteweg-Sorensen Replication)
Report

2000-2026 PE Fund Persistence Report (Korteweg-Sorensen)

PE vintage IRR persistence 2000-2026 from public LP disclosures. CalPERS 11.3% net IRR / 1.5x as of 9/30/2025. HJKS NBER 28109 top-quartile collapse 0.42 to 0.26. Bain 2026: 33K unsold + DPI 6% vs 14% 10-yr avg. Phalippou 1.55x = 11% IRR.

2018-2026 US M&A Buyer-Pool Influx Report
Report

2018-2026 US M&A Buyer-Pool Influx Report

LMM buyer-pool 3-5x expansion 2018-2026 across 5 cohorts. Family offices 651 to 4,067 (Preqin/BlackRock +524%). Stanford GSB 681 search funds + 94 record 2023. McGuireWoods 200 to 1,600 (8x); Axial 27% LMM share. SBA FY25 $8.29B / 7,003 deals. Cohort overlap 15-25% compresses to 3x lower bound.

2024-2030 US Baby Boomer Business Owner Succession Wave Report
Report

2024-2030 US Baby Boomer Business Owner Succession Wave Report

Project Equity 2.9M employer firms by 55+ (NOT 12M). McKinsey 6M by 2035 / $5T EV. EPI 70% don’t sell + 50% involuntary + 78% no formal team. SBA FY25 $8.29B / 7,003 deals. NCEO 6,609 ESOPs. Cerulli $124T transfer. 5-channel transition split with closure 25-40% residual.

2020-2026 US ESOP Conversion Tracker
Report

2020-2026 US ESOP Conversion Tracker (NCEO + DOL)

NCEO 6,609 ESOPs / 15.1M participants / $2.1T AUM / 67% S-corp / 309 new 2023. **S.2615 is NOT ESOP — it’s VET AI Act**. Actual ESOP trio: S.2461 Daines-Hassan Section 1042 S-corp expansion + S.2458 Sanders $500M loan fund + S.1727 Section 415(c). OBBBA ZERO direct ESOP.

2024-2026 US Investment Banking M&A League Table Replication
Report

2024-2026 US Investment Banking M&A League Table Replication

Goldman 23-year #1 ($58.3B FY25 / 38 of 68 $10B+ mega-deals). Lazard $3.099B FY25 + 21 MDs hired. Evercore record $3.880B (+29%). Houlihan $2.39B (+25%) + Q4 27.9% concentration. Centerview $1.9B + $10B IPO. 30+ named mega-deal advisor mapping. LSEG double-counting critique.

2024-2026 CFIUS + Treasury Outbound Investment Rule Enforcement Tracker
Report

2024-2026 CFIUS + Treasury Outbound Investment Rule Enforcement Tracker

31 CFR 850 effective Jan 2 2025. MineOne Wyoming AFB = FIRST EVER real-property divestment (NOT ‘Bagdad Capital’). T-Mobile $60M penalty 2024 (NOT Sprint). BIOTECH NOT in 850 (BIOSECURE Act Dec 18 2025). TikTok USDS closed Jan 22 2026 (Oracle+SilverLake+MGX 15% each = 80.1% US). Suirui-Jupiter Feb 9 2026 first DOJ Section 721 court action. COINS Act Dec 18 2025.

RIA and Wealth Management M&A Multiples Report 2026
Report

RIA and Wealth Management M&A Multiples Report 2026

RIA and wealth management transaction multiples 2026 by AUM band. Sub-$100M owner-operator at 5-7x adjusted EBITDA vs $1B+ aggregator platform at 12-16x. Focus Financial CDR 15x disclosed. DeVoe, ECHELON.

IT and Managed Services M&A Multiples Report 2026
Report

IT and Managed Services M&A Multiples Report 2026

IT services, MSP, MSSP transaction multiples 2026. Sub-$1M MSP at 3-5x SDE vs LMM MSP at 6-9x adjusted EBITDA vs MSSP platform at 10-15x. Datto Kaseya ConnectWise benchmarks.

MSP Managed Service Provider M&A Multiples Report 2026
Report

MSP Managed Service Provider M&A Multiples Report 2026

MSP transaction multiples 2026 by size band and recurring MRR share (the central axis). 70-85% MRR share commands 1.5-3x premium over less than 50% MRR peers. Service Leadership + Datto.

Dermatology M&A Multiples Report 2026
Report

Dermatology M&A Multiples Report 2026

Dermatology transaction multiples 2026 by size band and mix. Single-provider at 4-6x SDE vs PE platform at 12-15x adjusted EBITDA. MOHS + cosmetic premium quantified. Provident, Skytale, GF Data.

CPA and Accounting Firm M&A Multiples Report 2026
Report

CPA and Accounting Firm M&A Multiples Report 2026

CPA firm transaction multiples 2026 by size. Small firm at 1.0-1.5x revenue (Rosenberg) or 4-6x SDE vs PE platform at 10-15x adjusted EBITDA. BDO TowerBrook $1.3B disclosed. Rosenberg, AICPA.

Industrial and Manufacturing M&A Multiples Report 2026
Report

Industrial and Manufacturing M&A Multiples Report 2026

Industrial & manufacturing M&A multiples 2026 across 6 sub-verticals. Sub-$1M shop 3-5x SDE vs $100M+ platform 10-13x adj EBITDA. Watsco/Fastenal/Grainger ceiling. Named PE consolidators (AIP, Wynnchurch, KPS).

Metal Fabrication M&A Multiples Report 2026
Report

Metal Fabrication M&A Multiples Report 2026

Metal fab M&A multiples 2026 by size + specialty. Sub-$1M shop 3-5x SDE vs LMM 6-8x adj EBITDA vs aerospace/defense/medical specialty 8-11x. AS9100 + NADCAP + ITAR premium quantified.

Industrial Distribution M&A Multiples Report 2026
Report

Industrial Distribution M&A Multiples Report 2026

Industrial distribution M&A multiples 2026 by size + category. HD Supply 13.6x + WESCO/Anixter 11.4x disclosed. Recurring MRO share as central driver. Working capital peg critical.

Auto Repair and Mechanic Shop M&A Multiples Report 2026
Report

Auto Repair and Mechanic Shop M&A Multiples Report 2026

Auto repair M&A multiples 2026 by size + segment. Single-bay 2-3x SDE vs PE platform $10M+ at 8-12x adj EBITDA. Take 5/Driven ~11-12x + Sun Auto ~12-14x. Real estate split critical.

HVAC M&A Multiples Report 2026
Report

HVAC M&A Multiples Report 2026

HVAC M&A multiples 2026 by size + segment. Sub-$1M residential 2-3.5x SDE vs LMM 6-8x adj EBITDA vs PE 10-14x. Champions/Blackstone Feb 2026 ~$2.5B/18.5x. Section 25C expired Dec 31 2025.

Plumbing M&A Multiples Report 2026
Report

Plumbing M&A Multiples Report 2026

Plumbing M&A multiples 2026 by size + segment. Sub-$1M residential 3-4x SDE vs LMM 5-8x adj EBITDA vs PE 9-13x. Legence/Blackstone Aug 2023 disclosed. Drain/rooter specialty premium.

Electrical Contractor M&A Multiples Report 2026
Report

Electrical Contractor M&A Multiples Report 2026

Electrical M&A multiples 2026 by size + segment. Sub-$1M 3-5x SDE vs LMM 6-8x adj EBITDA vs PE 9-13x. IRA §30C EV + §25D solar + Generac install premium quantified.

Landscaping and Lawn Care M&A Multiples Report 2026
Report

Landscaping and Lawn Care M&A Multiples Report 2026

Landscaping M&A multiples 2026 by size + segment. Sub-$500K mow-and-blow 2-3x SDE vs LMM commercial 5-7x adj EBITDA vs PE 8-12x. BrightView take-private + snow-mix counter-seasonal premium.

Roofing M&A Multiples Report 2026
Report

Roofing M&A Multiples Report 2026

Roofing M&A multiples 2026 by size + segment. Sub-$1M residential 2.5-4x SDE vs LMM 5-7x adj EBITDA vs PE commercial 9-13x. Storm restoration discount + Tecta/CentiMark commercial premium.

Tire and Service M&A Multiples Report 2026
Report

Tire and Service M&A Multiples Report 2026

Tire shop M&A multiples 2026 by size + segment. Single-location 2-3x SDE vs PE platform 9-12x adj EBITDA. Mavis >$6B + Sun Auto ~12-14x + Les Schwab $7B/~15x exploration. Monro ~9.2x public ceiling.

Quick Lube M&A Multiples Report 2026
Report

Quick Lube M&A Multiples Report 2026

Quick lube M&A multiples 2026 by size + segment. Single independent 2-3x SDE vs PE platform 10-14x adj EBITDA. Take 5/Driven ~11-12x + Valvoline/Breeze 10.7x disclosed Dec 2025. Car-count economics + EV analysis.

Healthcare Services M&A Multiples Report 2026
Report

Healthcare Services M&A Multiples Report 2026

Healthcare M&A transaction multiples 2026 across 8 sub-segments (dental/DSO, vet, derm, med spa, optometry, PT, behavioral, home health). Size-band spine with vintage + rate context.

Veterinary Practice M&A Multiples Report 2026
Report

Veterinary Practice M&A Multiples Report 2026

Vet practice M&A benchmarks 2026 by size band. Single-DVM 4-6x SDE vs consolidator platform 10-14x adj EBITDA. Mars-VCA ~14-16x disclosed ceiling. GF Data, Provident, VetPartners.

Dental and DSO M&A Multiples Report 2026
Report

Dental and DSO M&A Multiples Report 2026

Dental + DSO M&A benchmarks 2026 by size band. Solo GP 4-6x SDE vs DSO platform 10-15x adj EBITDA. Specialty premium ladder (ortho + OS highest). GF Data, Skytale, Provident.

Professional Services M&A Multiples Report 2026
Report

Professional Services M&A Multiples Report 2026

CPA + RIA + insurance agency M&A benchmarks 2026 by size band. Solo/small firm 4-6x SDE vs PE platform 10-15x adj EBITDA. Focus Financial/CDR ~15x disclosed. Rosenberg, DeVoe, Reagan.

Automotive Services M&A Multiples Report 2026
Report

Automotive Services M&A Multiples Report 2026

Automotive services M&A multiples 2026 across 8 sub-verticals. Single-bay 2-3x SDE vs PE platform 8-12x adj EBITDA. Take 5/Driven 11-12x + Mister Car Wash IPO >20x disclosed.

Med Spa and Medical Aesthetic M&A Multiples Report 2026
Report

Med Spa and Medical Aesthetic M&A Multiples Report 2026

Med spa M&A multiples 2026 by size + membership model. Single-provider 3-5x SDE vs PE platform 10-14x adj EBITDA. LaserAway $2B+/~13-14x process. Membership premium quantified.

Optometry Practice M&A Multiples Report 2026
Report

Optometry Practice M&A Multiples Report 2026

Optometry M&A multiples 2026 by size + segment. Solo OD 3-5x SDE vs PE platform 10-14x adj EBITDA. MyEyeDr/Goldman $2.7B + Eyecare Partners >$2B disclosed.

Physical Therapy Practice M&A Multiples Report 2026
Report

Physical Therapy Practice M&A Multiples Report 2026

PT M&A multiples 2026 by size + specialty. Single-clinic 3-5x SDE vs PE platform 10-14x adj EBITDA. Athletico ~$700M + Confluent ~$500M disclosed. CMS PFS cut sensitivity.

Insurance Agency and Broker M&A Multiples Report 2026
Report

Insurance Agency and Broker M&A Multiples Report 2026

Insurance agency M&A multiples 2026. Small P&C 1.5-2.5x revenue (Reagan) vs PE platform 12-16x adj EBITDA. NFP/Aon $13.4B ~14x + Acrisure $32B disclosed.

Precision Machining and CNC Machine Shop M&A Multiples Report 2026
Report

Precision Machining and CNC Machine Shop M&A Multiples Report 2026

Precision machining M&A multiples 2026 by size + specialty. Job shop 2.5-4x SDE vs aero/medical platform 8-11x adj EBITDA. Kaman/Arcline ~16x disclosed ceiling. Certification-stack premium quantified.

Tool and Die M&A Multiples Report 2026
Report

Tool and Die M&A Multiples Report 2026

Tool & die M&A multiples 2026. Auto-heavy tooling 3.5-4.5x vs GF Data mfg 5.8x baseline. Die-maintenance recurring premium 6-8x. Harbour forecast miss + EV capex whiplash quantified.

MSSP and Cybersecurity Services M&A Multiples Report 2026
Report

MSSP and Cybersecurity Services M&A Multiples Report 2026

MSSP + cybersecurity services M&A multiples 2026. MDR premium 2-3 turns over monitoring-only. Sophos/Secureworks 2.3-2.6x revenue disclosed. CMMC compliance-to-MRR conversion analysis.

IT Services and VAR M&A Multiples Report 2026
Report

IT Services and VAR M&A Multiples Report 2026

IT services + VAR M&A multiples 2026 by services mix. Pure VAR 3-5x adj EBITDA vs cloud consulting 8-11x. Converge/HIG 7.4x disclosed. Services-mix coefficient ~1 turn per 10pt GP share.

Vendor & Service Provider Rankings

Who to hire for the deal, comparison reports ranked by price, speed, and sector focus.

Tax & Deal Structure

Tax-driven structuring decisions that change net proceeds at close.

2026 State Tax Map for Business Sales
Report

2026 State Tax Map for Business Sales

All 50 states ranked by capital gains burden on a $10M and $50M business sale, with planning notes per state.

2026 QSBS Section 1202 Comprehensive Report
Report

2026 QSBS Section 1202 Comprehensive Report

Eligibility, stacking strategies, state conformity, common failure modes, the section that turns $10M of gain into $0 tax.

QSBS Section 1202 Exclusion: $10M+ Capital Gains
Report

QSBS Section 1202 Exclusion: $10M+ Capital Gains

Plain-English walkthrough of QSBS eligibility for founders selling at or under the $10M+ gain exclusion ceiling.

Who Buys CPA Firms in 2026: The Lower Middle Market Buyer Landscape
Buyer Landscape

Who Buys CPA Firms in 2026 (LMM-Focused)

Six buyer tiers profiled: mega-platforms, 12 LMM platforms (Sorren, Springline, Ascend, Smith+Howard, Prosperity, Doeren, SAX, Madison Dearborn), strategic CPA-on-CPA, specialty tax, family-office, search funds.

Family Offices Acquiring Businesses 2026
Buyer Landscape

Family Offices Acquiring Businesses 2026

The 2026 reference map of US family offices directly acquiring lower-middle-market businesses: named direct-buyers, check sizes, sectors, hold horizons.

The European SME Succession Wave 2026-2030
Research Memo

European SME Succession Wave 2026-2030

Primary-source memo on the European SME succession wave. KfW, Bpifrance, UBS/HSG, Confindustria, Invest Europe, Argos Index, plus 5 contrarian findings.

UK SME Succession 2026 and the Exit-Tax Squeeze
Research Memo

UK SME Succession 2026: Every Exit-Tax Door Just Got Narrower

UK research memo on the SME succession wave and the 2024-2026 exit-tax squeeze. BADR, EOT relief, BPR cap, carried interest, BVCA dry powder, and what it means for owners.

Selling to PE vs Strategic vs ESOP vs Search Fund: A Decision Framework 2026
Decision Framework

Selling to PE vs Strategic vs ESOP vs Search Fund (2026)

Primary-source 12-dimension matrix comparing the four LMM exit paths, with per-cell confidence ratings, IRC 1042 mechanics, Brundle/Wilmington Trust analysis, and the 2024-26 strategic-premium inversion.

Who Buys Insurance Agencies 2026: LMM Buyer Landscape
Buyer Landscape

Who Buys Insurance Agencies in 2026 (LMM-Focused)

Four buyer tiers profiled with OPTIS Top 10 ranking, Reagan multiples by seller size band, and post-Gallagher/Brown & Brown corrections. AssuredPartners exited, Risk Strategies exited, Trucordia rebrand, plus the LMM PE platforms still hunting tuck-ins.

Who Buys RIAs and Wealth Management Firms 2026: LMM Buyer Landscape
Buyer Landscape

Who Buys RIAs and Wealth Management Firms in 2026 (LMM-Focused)

Four buyer tiers profiled with Echelon/DeVoe/Fidelity rankings, AGS 11.6x median multiple, and the major sponsor corrections (Cerity+Warburg, Allworth+Integrum, Wealthspire+Madison Dearborn). Plus Cerulli great wealth transfer demographics and SEC Marketing Rule enforcement context.

Who Buys US Manufacturing Businesses 2026: LMM Buyer Atlas
Buyer Landscape Atlas

Who Buys US Manufacturing Businesses 2026 (60+ Named Buyers)

Primary-source atlas of 60+ US manufacturing buyers across 5 tiers: LMM industrial PE, mega-cap PE, strategic public companies (Roper, Honeywell, Emerson, TransDigm, HEICO), industrial holdcos (Marmon, Pritzker, BDT & MSD), and cross-border strategics. With GF Data + Capstone multiples, NAM Q1 2026 outlook, and 6 contrarian findings.

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