Fact-checked commercial briefings on lower-middle-market industries: sizing, demand, competitive structure, deal evidence, and what drives value. Free to read in the browser; a new industry publishes most Mondays.
Where the money is made in a ~$100B commodity market: retention, route density, and the labor engine separate main-street prices from platform premiums.
Read the BriefingA ~$3B niche with near-perfect retention and a licensure moat, where the certified-operator bench, not the contract book, is the asset actually being underwritten.
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