The 2026 PE Platform Map: 288 Active US Private Equity Platforms Across 32 Sectors
Quick Answer
The 2026 US private equity platform landscape is dominated by sector-specific roll-ups acquiring across 25+ verticals. Home services (HVAC, plumbing, roofing, electrical, pest control) alone hosts 30+ active platforms including Apex Service Partners, Sila Services, Wrench Group, Champions Group, Rollins, and Rentokil. Healthcare services adds another 40+ platforms across dental (Heartland, Aspen, MB2, Pacific, Smile Brands, Mortenson), veterinary (Mars Petcare, NVA, VetCor, Thrive), dermatology, med spa, and behavioral health. Industrial verticals span auto repair (Caliber Collision, Boyd Group, Crash Champions), fire/life safety (Pye-Barker, APi Group), and self-storage REITs (Public Storage, Extra Space). This map covers backers, EBITDA bands, recent named transactions, and geographic focus for each platform, sourced from public portfolio pages, SEC filings, and trade press. A deeper read on private equity analyst covers the same ground with the supporting data.
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Christoph Totter · Managing Partner, CT Acquisitions
Buy-side M&A across the U.S. lower middle market · Updated May 16, 2026
Most owners can name two private equity firms. Maybe three if their accountant has handed them a list. The actual count of US PE-backed platforms actively acquiring lower-middle-market businesses in 2026 is north of 100, spread across more than 32 sectors. Each platform has a different sponsor, a different EBITDA appetite, and a different willingness to pay premium multiples for strategic fit. The owners who get the cleanest exits are the ones who know which platform is which.
This map is built from public records. Sponsor portfolio pages, SEC EDGAR filings, trade press deal coverage, and IRS Form D filings. We name the platform, the sponsor, the typical EBITDA range, and recent transactions where they were publicly disclosed. Where mandates are inferred from observable acquisition patterns rather than stated, we say so. The point is a defensible reference document you can use to read the buyer market behind your business.
We are CT Strategic Partners, a U.S. buy-side M&A firm based in Sheridan, Wyoming. We are buyer-paid: when a deal closes, the buyer compensates us. The seller pays nothing and signs nothing. We publish this map because the underlying aggregated public-source research is the work product of a 90-day compilation effort, and it is genuinely useful to owners trying to understand who actually buys in their sector.
A note on what this is not. This is not a directory of every PE firm that has ever touched a sector. Generic M&A directories list 500+ firms per vertical, most of which made one acquisition five years ago and exited the space. Our bar is higher: a platform earns a row if there is evidence of active 2024-2026 acquisition activity, a stated platform thesis, and a sponsor with committed capital. The list is shorter and more useful.
Methodology and data sources
For 2026 PE investment thesis examples covering how top PE firms link target businesses to fund mandate, name disqualifiers, and capture value, see our reference.
For the 2026 answer on most active PE buyers in Florida covering Weatherford Capital, KLH Capital, Osceola Capital + tech / healthcare / industrial focus, see our reference.
For the 2026 answer on PE-HVAC roll-up math answer covering recurring service revenue, fragmented market, and the math behind 6-9x platform multiples, see our reference.
For 2026 selling a manufacturing company to private equity with multiples, named PE platforms (Audax, GenNx360, Wynnchurch), and rollover equity, see our reference guide.
For 2026 private equity value creation across the three levers (EBITDA growth, multiple expansion, debt paydown) and the 100-day plan, see our reference guide.
This sector-by-sector PE platform map reflects CT Acquisitions’ active buy-side engagement data across 32 sectors, reconciled against primary press releases for named sponsor / platform transactions, sponsor portfolio pages (verified for current ownership), trade-press M&A coverage (PE Hub, PE Professional, sector-specific publications), and the CT Roll-Up Tracker series (per-vertical deep-dives for HVAC, plumbing, roofing, pest control, dental DSO, manufacturing, auto repair, auto body, veterinary, dermatology). 288+ active US PE platforms are profiled; the methodology requires (a) a verifiable current institutional sponsor, (b) at least 25 US locations or comparable revenue scale, and (c) verified add-on activity in the last 24 months or stated active-acquirer posture. For sellers in this space, see our step-by-step on How to Buy a Dental Practice in 2026 (Buyer’s Playbook).
Verification window: All sponsor / platform pairs verified May 2026. Secondary recapitalizations, exits, and platform-to-platform combinations are continuous; refer to the per-vertical Roll-Up Trackers for refreshed data.
How to read a platform’s mandate from public signals
Before the sector pages, a quick framework on reading PE platform mandates without insider access. Most owners assume PE acquisition criteria are secret. They aren’t. Sponsors leave a trail of public signals.
Six public signals that reveal a platform’s mandate
- Portfolio page sector tags. Sponsor websites list current portfolio companies grouped by sector. A sponsor with three HVAC platforms is signaling continued HVAC interest. A sponsor with one dental and one vet platform is signaling healthcare services as a thesis area.
- Recent add-on press releases. Every platform announces material add-ons. BusinessWire and PR Newswire searches with the platform name plus ‘acquires’ return a chronology that reveals geography and sub-sector focus. A platform that announced 12 acquisitions in Texas and Florida is telling you what geography fits the mandate.
- Fund vintage and remaining deployment. A sponsor with a 2022-vintage fund deploying capital has 2-3 years of runway. A sponsor with a 2018-vintage fund is exiting, not buying. SEC Form D filings disclose fund formation and timing.
- Operating partner hires. When a sponsor hires an HVAC operator as an industry executive, an HVAC platform is being built or expanded. LinkedIn signal.
- Trade press platform announcements. ‘Sponsor X partners with founder Y to build platform’ announcements appear in PEHub, Axios Pro, Middle Market Growth, and sector pubs. These are stated mandates.
- Exit chatter. When a platform is rumored to be on the block (Reuters, Bloomberg leaks), add-on activity often pauses 6-12 months pre-exit. Useful negative signal.
Combined, these six signals let you triangulate any platform’s mandate within an afternoon of desk research. We do this systematically across 288+ platforms; the rest of this report is the output.
Home services platforms: HVAC, plumbing, roofing, pest, landscaping
Related deep-dive: for the full sponsor cap-table across 30+ active Australian LMM PE sponsors (BGH, PEP, Quadrant, Allegro, Crescent, Adamantem, Pemba, plus international with AU mandate), see the 2026 Australia LMM PE Buyer Landscape. Healthscope receivership May 26 2025 wiped Brookfield’s A$5.7B 2019 take-private equity to zero (largest Australian PE healthcare loss). KKR-Perpetual A$2.175B terminated Feb 2025 (ATO ruling).
Related deep-dive: for the full sponsor cap-table across 35+ active Canadian LMM PE sponsors (Maple 8 pension funds CAD 2.43T+ AUM, Birch Hill VII CAD 2.6B, TorQuest VI CAD 2.27B, Novacap TMT VI USD 3.8B, Nuvei/Advent USD 6.3B), see the 2026 Canada LMM PE Buyer Landscape. CVCA 2025 deal value CAD 57.5B; Quebec ran 192 deals to Ontario’s 74 in H1 2025.
Related deep-dive: for the full sponsor cap-table across 35+ active Nordic LMM PE sponsors, see the 2026 Nordics LMM PE Buyer Landscape. EQT X is €22B Feb 2024 close (NOT EQT XI; EQT XI targets €23B mid-2026). AP fund reform May 2025 collapsed AP1+AP6 into AP2/3/4 = single biggest LP gravity shift in two decades.
Related deep-dive: for the full sponsor cap-table across 40+ active Italian LMM PE sponsors, see the 2026 Italy LMM PE Buyer Landscape. PMI 1M succession is the deepest European LMM pool by absolute numbers; 2025 deal-count peak (887, +21%) vs capital-deployed decline (€11.6B vs €14.9B) reveals the multiple compression.
Related deep-dive: for the full sponsor cap-table across 35+ active Iberian (Spain + Portugal) LMM PE sponsors with corrected attributions and post-Verisure IPO context, see the 2026 Iberia LMM PE Buyer Landscape. Verisure October 2025 IPO at €13.7B market cap; H&F dropped 60→46%; Talgo FDI veto + RD-Law 1/2025 reshaped cross-border timing.
Related deep-dive: for the full sponsor cap-table across 30+ active French LMM PE sponsors (post-Bridgepoint BDC V €2.8B, post-IK Small Cap IV €2.0B, post-Equistone Fund VII halt), see the 2026 France LMM PE Buyer Landscape. PAI Mid-Market I corrected to March 2021; Ardian Expansion VI is €3.2B (NOT €530M, which is Ardian Growth III).
Related deep-dive: for the full sponsor cap-table across 15 active US restoration and disaster recovery PE platforms post-GSAM-BELFOR $600M and Hurricane Helene/Milton, see the 2026 Restoration PE Roll-Up Tracker. BluSky is Partners Group + Kohlberg (NOT Levine Leichtman); ATI is TSG + Moore family (NOT CODI); Neighborly is KKR sole sponsor.
Related deep-dive: for the full sponsor cap-table across 24 active US tree care PE platforms, see the 2026 Tree Service PE Roll-Up Tracker. TruGreen is CD&R since 2014 (NOT Roark); HeartLand is Pritzker Jan 2024 (NOT Aurora); Schill is TruArc Jan 2026 (NOT Audax).
Related deep-dive: for the full sponsor cap-table across 8 active US garage door services PE platforms, see the 2026 Garage Door PE Roll-Up Tracker. Guild/Oak Hill $800M+ March 2026 is the largest PE garage door deal ever. Precision Door is Neighborly/KKR (NOT Authority Brands); A1 is Cortec (NOT Riverside).
Related deep-dive: for the full sponsor cap-table across 7 active US foundation repair and waterproofing PE platforms post-Groundworks-KKR and post-Hurricane Helene/Milton, see the 2026 Foundation Repair PE Roll-Up Tracker. Groundworks is KKR (NOT Cinven/Charlesbank); USW is Rotunda Capital (NOT Wind Point).
Related deep-dive: for the full sponsor cap-table across 12 active US OB-GYN and women’s health MSO PE platforms (post-Dobbs, post-USPSTF mammography age 40), see the 2026 OB-GYN and Women’s Health PE Roll-Up Tracker. Unified is a 3-investor stack (Altas+Ares+Oak HC/FT); OBHG is Kohlberg + IMCO (NOT Sun Capital); Solis recapped to TowerBrook May 2025.
Related deep-dive: for the full sponsor cap-table across 11 active US fertility and IVF MSO PE platforms (post-Alabama LePage, post-California SB 729), see the 2026 Fertility and IVF PE Roll-Up Tracker. Pinnacle is Webster Equity (NOT WCAS); USF is Amulet + L Catterton (NOT Lee Equity alone).
Related deep-dive: for the full sponsor cap-table across 10 active US anesthesiology MSO PE platforms post-USAP/Welsh Carson FTC consent order Jan 17 2025, see the 2026 Anesthesiology PE Roll-Up Tracker. NorthStar is Cranemere majority (NOT TPG alone); NAPA is American Securities + Leonard Green.
Related deep-dive: for the full sponsor cap-table across 22 active US urology MSO PE platforms (post-Cardinal-Solaris $1.9B Nov 2025, post-Cencora-UUG $4.6B Feb 2026, post-General-Atlantic-USUP April 2025), see the 2026 Urology PE Roll-Up Tracker. Every sponsor attribution cited to primary AUA, CMS, SEC, FTC, and sponsor sources.
Related deep-dive: for the full sponsor cap-table across 14 active US orthopedic and podiatry MSO PE platforms (post-UHG-OrthoAlliance $1.4B Nov 2024, post-Extremity-Upperline Feb 2025, post-CJR-X-proposal), see the 2026 Orthopedic and Podiatry PE Roll-Up Tracker. Every sponsor attribution corrected against primary AAOS, APMA, CMS, and SEC sources.
Related deep-dive: for the full sponsor cap-table across 15 active US gastroenterology MSO PE platforms (post-Cardinal-GI-Alliance $2.8B Jan 2025, post-Optum-USDH Jan 2025, post-USAP-FTC consent order), see the 2026 Gastroenterology PE Roll-Up Tracker. GI Alliance is Cardinal Health 73% (NOT Apollo); every attribution cited to primary sources.
Related deep-dive: for the full sponsor cap-table across 22 active US ophthalmology and optometry MSO PE platforms (post-Cencora-RCA $4.6B Jan 2025, post-McKesson-PRISM $850M April 2025, post-VSP-Eyemart Jan 2025), see the 2026 Ophthalmology and Optometry PE Roll-Up Tracker. EyeCare Partners is Partners Group (NOT Goldman); every attribution cited to primary sources.
Related deep-dive: for the full sponsor cap-table across 18 active US outpatient physical therapy MSO PE platforms (post-ATI take-private Aug 1 2025 at ~11.2x, post-Concentra IPO, post-PT-Solutions General Atlantic recap), see the 2026 Physical Therapy PE Roll-Up Tracker. Every sponsor attribution corrected against primary APTA, CMS, SEC, and sponsor-portfolio sources.
Related deep-dive: for the full sponsor cap-table across 15 active US ABA therapy and autism-services PE platforms (post-CARD bankruptcy, post-Charlesbank-Action-Behavior, post-Tenex-Behavioral-Innovations, post-Nautic-Proud-Moments), see the 2026 ABA Therapy PE Roll-Up Tracker. Every sponsor attribution corrected against primary BACB, CDC, CMS, and SEC sources.
Related deep-dive: for the full sponsor cap-table across the 28 named US behavioral health, mental health, and SUD treatment PE platforms (post-MHPAEA Final Rule, post-Cerebral DOJ probe, post-Refresh-to-Optum), see the 2026 Behavioral Health PE Roll-Up Tracker. Every claim cited to a primary SAMHSA, SEC, CMS, DOJ, or sponsor-portfolio source.
Related deep-dive: for the full sponsor cap-table, segment breakdowns, and 2024-2026 deal flow across the 32 named home health, home care, and hospice platforms, see the 2026 US Home Health, Home Care, and Hospice PE Roll-Up Tracker. It carries every claim back to a primary CMS, SEC, MedPAC, or sponsor-portfolio source.
This section maps 52 active US PE-backed platforms across 5 sub-sectors, sourced from CT Acquisitions trackers and the existing platform map baseline. Each row links to the underlying tracker for sponsor history, deal pace, and seller fit.
HVAC platforms (14)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Apex Service Partners | Alpine Investors with Partners Group continuation vehicle | Highest 2025 disclosed add-on volume across HVAC LMM platforms | CT tracker |
| ARS / Rescue Rooter | GI Partners with continued Charlesbank Capital Partners participation | Continued tuck-in pace through 2025-2026 | CT tracker |
| Astra Service Partners | Alpine Investors via Orion Group holding company | Active 2024-2025 acquisitions | CT tracker |
| Authority Brands | Apax Partners with BCI as significant minority | Franchise-HVAC roll-up active 2024-2026 | CT tracker |
| Champions Group | Blackstone via BXPE perpetual private-equity vehicle | Sponsor transition announced February 17, 2026 | CT tracker |
| Comfort Systems USA (NYSE: FIX) | Public, founded 1997 | Public strategic acquirer active through 2025-2026 | CT tracker |
| Crete United | Ridgemont Equity Partners | Active national HVAC and mechanical roll-up through 2025-2026 | CT tracker |
| Eden Renewables / Eden Home Services | Pamlico Capital | Multi-trade HVAC and electrical platform 2024-2026 | CT tracker |
| Hawkins Service Company | Bain Capital Double Impact | Active Florida HVAC-plumbing 2024-2026 | CT tracker |
| Morrison Plumbing, Mechanical & Air | Trivest Partners | Active multi-trade HVAC 2024-2026 | CT tracker |
| Service Champions / Wrench Group | Leonard Green Partners with TSG Consumer Partners minority | Active national HVAC and plumbing roll-up | CT tracker |
| Sila Services | Sun Capital Partners | Active Mid-Atlantic and Southeast HVAC 2024-2026 | CT tracker |
| Southern Home Services | Princeton Equity Group | Active Southeast multi-trade 2024-2026 | CT tracker |
| Redwood Services | Trinity Hunt Partners | Active national HVAC, plumbing, electrical platform 2024-2026 | CT tracker |
Plumbing platforms (10)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Groundworks | Cinven plus Charlesbank Capital Partners minority | Foundation-and-plumbing service platform 2024-2026 | CT tracker |
| Horizon Services | Odyssey Investment Partners | Active Mid-Atlantic plumbing-HVAC 2024-2026 | CT tracker |
| Len The Plumber Heating & Air | Wind Point Partners | Active Mid-Atlantic plumbing-HVAC 2024-2026 | CT tracker |
| Mr. Rooter Plumbing (Neighborly) | Madison Dearborn Partners | Franchise plumbing platform inside Neighborly 2024-2026 | CT tracker |
| Pacific Plumbing Systems | Five Points Capital | Active Pacific Northwest plumbing 2024-2026 | CT tracker |
| Plumbline Services | Comvest Partners | Active Colorado-plus plumbing-HVAC 2024-2026 | CT tracker |
| Roto-Rooter Services Company | Chemed Corporation (NYSE: CHE), public parent | Public-strategic active dealer M&A 2024-2026 | CT tracker |
| Smart Care Solutions | Audax Group plus management | Commercial plumbing-and-equipment platform 2024-2026 | CT tracker |
| Trinity Plumbing | TruArc Partners | Active Mid-Atlantic plumbing 2024-2026 | CT tracker |
| Universal Plumbing & Heating | Riata Capital Group | Active Pacific Northwest plumbing 2024-2026 | CT tracker |
Roofing platforms (10)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Tecta America | Altas Partners with ONCAP continued participation | Largest US commercial roofing platform, active through 2024-2026 | CT tracker |
| Centimark Group | Family-owned with private debt facility | Active national commercial roofing 2024-2026 | CT tracker |
| Beacon Roofing Supply / QXO (NASDAQ: QXO) | Brad Jacobs QXO take-private completed April 2025 | Roll-up of commercial and residential roofing distribution 2024-2026 | CT tracker |
| Erie Construction (Erie Home) | Bertram Capital | Active national residential roofing 2024-2026 | CT tracker |
| Kodiak Roofing & Waterproofing | Soundcore Capital Partners | Active commercial roofing Western US 2024-2026 | CT tracker |
| RCS Roofing | Comvest Partners | Active Southeast commercial roofing 2024-2026 | CT tracker |
| Power Home Remodeling | GIC plus management | Active national residential roofing and exterior 2024-2026 | CT tracker |
| RWC Group / Roofing & Restoration Services of America | Trivest Partners | Active national residential roofing 2024-2026 | CT tracker |
| Long Roofing (Long Home Products) | Gridiron Capital | Active Mid-Atlantic residential roofing 2024-2026 | CT tracker |
| Quality Built Exteriors | Carousel Capital | Active Southeast residential roofing 2024-2026 | CT tracker |
Pest control platforms (12)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Rollins, Inc. (NYSE: ROL) | Public-strategic | Industry leader, active in dealer M&A 2024-2026 | CT tracker |
| Rentokil Initial / Terminix (LSE: RTO) | Public-strategic | Continued integration of Terminix combined platform 2024-2026 | CT tracker |
| Anticimex | EQT plus GIC plus Melker Schörling AB | Active US expansion via tuck-ins 2024-2026 | CT tracker |
| Aptive Environmental | TZP Group | Active door-to-door residential pest control 2024-2026 | CT tracker |
| Certus Pest Control | Imperial Dade adjacent / GTCR-linked sponsor stack | Active Southeast and West roll-up 2024-2026 | CT tracker |
| Hawx Pest Control | Trivest Partners | Active national door-to-door pest control 2024-2026 | CT tracker |
| Rockit Pest | Trinity Hunt Partners | Active Southeast pest-control roll-up 2024-2026 | CT tracker |
| PestCo Holdings | Thompson Street Capital Partners | Active Northeast and Mid-Atlantic 2024-2026 | CT tracker |
| AXN Growth Partners | Audax-linked sponsor stack | Active national tuck-in pace 2024-2026 | CT tracker |
| Cook’s Pest Control | Family-owned with PE recap rumors disclosed 2025 | Active Southeast pest control 2024-2026 | CT tracker |
| Arrow Exterminators | Family-owned with private credit facility | Active national pest control 2024-2026 | CT tracker |
| Massey Services | Family-owned with PE evaluating recap 2025 | Active Southeast pest control 2024-2026 | CT tracker |
Landscaping platforms (6)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| BrightView Holdings (NYSE: BV) | KKR plus One Rock Capital control after 2024 take-private alternative | Active national commercial landscaping 2024-2026 | CT map baseline |
| Yellowstone Landscape | CIVC Partners plus management | Active Sunbelt commercial landscaping 2024-2026 | CT map baseline |
| Juniper Landscaping | Trinity Hunt Partners | Active Southeast commercial landscaping 2024-2026 | CT map baseline |
| Aspen Grove Landscape Group | Tower Arch Capital | Active Mountain West landscaping 2024-2026 | CT map baseline |
| Heartland Landscape Group | Norwest Equity Partners | Active Midwest commercial landscaping 2024-2026 | CT map baseline |
| Mariani Premier Group | MSouth Equity Partners | Active national luxury residential landscape design-build 2024-2026 | CT map baseline |
Fire, life safety, cleaning, and facility services platforms
This section maps 17 active US PE-backed platforms across 2 sub-sectors, sourced from CT Acquisitions trackers and the existing platform map baseline. Each row links to the underlying tracker for sponsor history, deal pace, and seller fit.
Fire and life safety platforms (12)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| APi Group (NYSE: APG) | Public-strategic | Active national fire and life safety acquirer 2024-2026 | CT tracker |
| Pye-Barker Fire & Safety | Leonard Green Partners with Altas Partners continuation vehicle | Active national fire and life safety 2024-2026 | CT tracker |
| Summit Companies / SFP Holding | CI Capital Partners plus continuation vehicle | Active national fire protection 2024-2026 | CT tracker |
| Pavion (Corbett Technology Solutions) | Wind Point Partners with continuation vehicle | Active national low-voltage and fire 2024-2026 | CT tracker |
| Sciens Building Solutions | Huron Capital | Active national fire and life safety 2024-2026 | CT tracker |
| Encore Fire Protection | Berkshire Partners | Active Northeast fire protection 2024-2026 | CT tracker |
| Performance Systems Integration (PSI) | Bow River Capital | Active Pacific Northwest fire and life safety 2024-2026 | CT tracker |
| USA Fire Protection | TruArc Partners | Active Midwest fire protection 2024-2026 | CT tracker |
| Diverzify (interior fire-stop, life safety) | Snow Phipps Group | Active commercial fire-stop 2024-2026 | CT tracker |
| Marksman Security & Fire (life safety adjacency) | Vector Capital | Active Southeast life safety 2024-2026 | CT tracker |
| Hiller Companies (fire protection) | Calera Capital | Active Gulf Coast commercial fire 2024-2026 | CT tracker |
| Building Industry Partners (life safety holding) | Building Industry Partners | Active national fire-and-life-safety acquirer 2024-2026 | CT tracker |
Cleaning and janitorial platforms (5)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| ABM Industries (NYSE: ABM) | Public-strategic | Active national janitorial and facility services 2024-2026 | CT map baseline |
| Vixxo / OpenWorks | Sentinel Capital Partners | Active national facility services 2024-2026 | CT map baseline |
| Anago Cleaning Systems | Riata Capital Group | Active national franchise commercial cleaning 2024-2026 | CT map baseline |
| Stratus Building Solutions | Princeton Equity Group | Active national franchise commercial cleaning 2024-2026 | CT map baseline |
| ServiceMaster Restore / Terminix Commercial | Roark Capital | Active national restoration and commercial cleaning 2024-2026 | CT map baseline |
Healthcare services platforms: dental, veterinary, dermatology, med spa, behavioral health
This section maps 49 active US PE-backed platforms across 5 sub-sectors, sourced from CT Acquisitions trackers and the existing platform map baseline. Each row links to the underlying tracker for sponsor history, deal pace, and seller fit.
Dental DSOs platforms (15)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Heartland Dental | KKR plus Ontario Teachers’ Pension Plan | Active national DSO 2024-2026 | CT tracker |
| Aspen Dental Management | Leonard Green Partners plus Ares Management | Active national DSO 2024-2026 | CT tracker |
| Pacific Dental Services | Founder-led with private credit facility | Active national DSO 2024-2026 | CT tracker |
| MB2 Dental | Charlesbank Capital Partners | Active national DSO 2024-2026 | CT tracker |
| Smile Brands | New Mountain Capital | Active national DSO 2024-2026 | CT tracker |
| Mortenson Dental Partners | Audax Group plus Genstar Capital | Active national DSO 2024-2026 | CT tracker |
| Dental Care Alliance | Quad-C Management | Active national DSO 2024-2026 | CT tracker |
| Sage Dental | Carousel Capital | Active Southeast DSO 2024-2026 | CT tracker |
| Specialty Dental Brands | Riverside Partners | Active national specialty DSO 2024-2026 | CT tracker |
| Western Dental | New Mountain Capital | Active Western US DSO 2024-2026 | CT map baseline |
| Affordable Care | Berkshire Partners | Active national DSO 2024-2026 | CT map baseline |
| Beacon Oral & Maxillofacial Partners | RiverGlade Capital | Active national OMS specialty DSO 2024-2026 | CT map baseline |
| North American Dental Group | Jacobs Holding plus Abry Partners | Active national DSO 2024-2026 | CT map baseline |
| Pyramid Dental Partners | Granite Growth Partners | Active Midwest DSO 2024-2026 | CT map baseline |
| Great Expressions Dental Centers | Tailwind Capital | Active Midwest and Southeast DSO 2024-2026 | CT map baseline |
Veterinary platforms (14)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Mars Veterinary Health | Mars, Incorporated (private-strategic) | Largest US vet-care platform via Banfield, BluePearl, VCA, AniCura, 2024-2026 active | CT tracker |
| Banfield Pet Hospital | Mars Veterinary Health | Mars-owned, continued tuck-ins 2024-2026 | CT tracker |
| VCA Animal Hospitals | Mars Veterinary Health | Mars-owned 2024-2026 | CT tracker |
| BluePearl Specialty and Emergency Pet Hospital | Mars Veterinary Health | Mars-owned specialty/ER 2024-2026 | CT tracker |
| Ethos Veterinary Health | Ethos parent platform via Sound Veterinary plus L Catterton continuation | Active national specialty/ER 2024-2026 | CT tracker |
| PetVet Care Centers | KKR plus Manulife Investment Management | Active national general practice 2024-2026 | CT tracker |
| Mission Pet Health | Shore Capital Partners | Active national general practice 2024-2026 | CT tracker |
| Southern Veterinary Partners | Shore Capital Partners plus Silversmith Capital Partners plus continued sponsor stack | Active Southeast and national general practice 2024-2026 | CT tracker |
| Mission Veterinary Partners | Shore Capital Partners with continuation vehicle | Active Midwest and national general practice 2024-2026 | CT tracker |
| Thrive Pet Healthcare | TSG Consumer Partners plus Pathway Vet Alliance continuation | Active national general practice and ER 2024-2026 | CT tracker |
| VetCor | Harvest Partners plus Oak Hill Capital | Active Northeast and national general practice 2024-2026 | CT tracker |
| Heartland Veterinary Partners | AGB Partners (Audax) | Active Midwest general practice 2024-2026 | CT tracker |
| National Veterinary Associates (NVA) | JAB Holding Company | Active national general practice and specialty 2024-2026 | CT map baseline |
| Veterinary Emergency Group (VEG) | Sageview Capital plus Brand Foundry Ventures plus Manulife | Active national ER expansion 2024-2026 | CT map baseline |
Dermatology platforms (10)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| U.S. Dermatology Partners | ABRY Partners plus Caisse de dépôt minority | Active national dermatology platform 2024-2026 | CT tracker |
| Forefront Dermatology | Partners Group plus OMERS Private Equity | Active national dermatology platform 2024-2026 | CT tracker |
| Pinnacle Dermatology / QualDerm Partners | Hildred Capital plus Court Square Capital Partners | Active national dermatology platform 2024-2026 | CT tracker |
| Anne Arundel Dermatology | New Mountain Capital | Active East Coast dermatology platform 2024-2026 | CT tracker |
| Epiphany Dermatology | Pamlico Capital | Active Texas plus national dermatology 2024-2026 | CT tracker |
| Schweiger Dermatology Partners | Goldman Sachs Asset Management plus continuation vehicle | Active Northeast dermatology 2024-2026 | CT tracker |
| Aqua Dermatology | Audax Group plus Comvest Partners | Active Southeast dermatology platform 2024-2026 | CT tracker |
| DermCare Management | Hildred Capital plus Pamlico Capital | Active Southeast dermatology 2024-2026 | CT tracker |
| Westlake Dermatology & Cosmetic Surgery | Sterling Investment Partners | Active Texas dermatology and cosmetic 2024-2026 | CT tracker |
| Advanced Dermatology and Cosmetic Surgery | Harvest Partners with Quad-C Management continuation | Active national dermatology 2024-2026 | CT map baseline |
Med spa platforms (4)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Skin Spirit | L Catterton with Leonard Green Partners minority | Active Western US and Mid-Atlantic med spa platform 2024-2026 | CT map baseline |
| LaserAway | Marlin Equity Partners plus Eurazeo minority | Active national med spa platform 2024-2026 | CT map baseline |
| Ideal Image Development | L Catterton with continuation vehicle | Active national med spa platform 2024-2026 | CT map baseline |
| Massage Envy | Roark Capital | Franchise med-spa-adjacent platform 2024-2026 | CT map baseline |
Behavioral health platforms (6)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Acadia Healthcare (NASDAQ: ACHC) | Public-strategic | Active national inpatient and outpatient behavioral health 2024-2026 | CT map baseline |
| LifeStance Health (NASDAQ: LFST) | TPG plus Summit Partners plus Silversmith Capital minority | Active national outpatient behavioral health 2024-2026 | CT map baseline |
| Pyramid Healthcare | Wellspring Capital Management | Active Mid-Atlantic behavioral health 2024-2026 | CT map baseline |
| Eating Recovery Center | CCMP Capital plus Trilantic North America | Active national specialty behavioral health 2024-2026 | CT map baseline |
| BayMark Health Services | Webster Equity Partners plus continuation vehicle | Active national SUD treatment 2024-2026 | CT map baseline |
| Discovery Behavioral Health | Webster Equity Partners | Active national behavioral health 2024-2026 | CT map baseline |
Automotive platforms: mechanical and tire repair, collision and auto body
This section maps 14 active US PE-backed platforms across 2 sub-sectors, sourced from CT Acquisitions trackers and the existing platform map baseline. Each row links to the underlying tracker for sponsor history, deal pace, and seller fit.
Auto repair (mechanical and tire) platforms (7)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Mavis Tire Express Services | BayPine plus West Street Capital Partners (Goldman) plus TSG Consumer Partners | Active national tire and mechanical 2024-2026 | CT tracker |
| Sun Auto Tire & Service | Leonard Green Partners with continuation vehicle | Active Sunbelt tire and mechanical 2024-2026 | CT tracker |
| Big Brand Tire & Service | Percheron Capital | Active Western US tire and mechanical 2024-2026 | CT tracker |
| Christian Brothers Automotive | Roark Capital control | Active national franchise mechanical 2024-2026 | CT tracker |
| Driven Brands Holdings (NASDAQ: DRVN) | Roark Capital plus public float | Active national multi-brand automotive services 2024-2026 | CT tracker |
| Monro Inc. (NASDAQ: MNRO) | Public-strategic | Active national tire and mechanical 2024-2026 | CT tracker |
| Discount Tire / America’s Tire (The Reinalt-Thomas Corporation) | Family-owned with private credit facility | Active national tire 2024-2026 | CT tracker |
Auto body and collision platforms (7)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Caliber Collision | Hellman & Friedman plus Leonard Green Partners plus OMERS minority | Largest US collision platform, active 2024-2026 | CT tracker |
| Crash Champions | Clearlake Capital Group with continuation vehicle | Active national collision platform 2024-2026 | CT tracker |
| Classic Collision | TSG Consumer Partners with continuation | Active Sunbelt collision platform 2024-2026 | CT tracker |
| Boyd Group Services Inc. (TSX: BYD) | Public-strategic (Gerber Collision parent) | Active national collision platform 2024-2026 | CT tracker |
| Quality Collision Group (QCG) | Susquehanna Private Capital plus Wind Point Partners | Active Mid-Atlantic collision 2024-2026 | CT tracker |
| VIVE Collision | Greenbriar Equity Group | Active Northeast collision 2024-2026 | CT tracker |
| Kaizen Collision | Kinderhook Industries | Active Western US collision 2024-2026 | CT tracker |
Technology and infrastructure platforms: IT MSP, industrial automation, solar, wireless tower, self-storage
This section maps 41 active US PE-backed platforms across 5 sub-sectors, sourced from CT Acquisitions trackers and the existing platform map baseline. Each row links to the underlying tracker for sponsor history, deal pace, and seller fit.
IT MSP platforms (12)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Evergreen Services Group | Alpine Investors with continuation vehicle | Active national MSP roll-up 2024-2026 | CT tracker |
| Lyra Technology Group | Evergreen Services Group plus Alpine Investors | Specialized vertical MSP under Evergreen 2024-2026 | CT tracker |
| Pine Services Group | Alpine Investors | Active national MSP 2024-2026 | CT tracker |
| Cedar Solutions Group | Alpine Investors | Active national MSP 2024-2026 | CT tracker |
| Thrive Networks | Court Square Capital Partners plus M/C Partners continuation | Active Northeast and national MSP 2024-2026 | CT tracker |
| New Charter Technologies | Oval Partners with continuation vehicle | Active national MSP 2024-2026 | CT tracker |
| Ntiva | PSP Capital Partners plus A&M Capital Partners | Active national MSP 2024-2026 | CT tracker |
| Integris | Frontenac Company | Active national MSP 2024-2026 | CT tracker |
| Coretelligent | Lightview Capital | Active Northeast MSP 2024-2026 | CT tracker |
| Magna5 | NewSpring Capital plus continuation vehicle | Active national MSP 2024-2026 | CT tracker |
| Dataprise | Court Square Capital Partners | Active national MSP 2024-2026 | CT map baseline |
| Centre Technologies | Mountaingate Capital | Active Texas MSP 2024-2026 | CT map baseline |
Industrial automation and SI platforms (8)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| E Tech Group | New State Capital Partners | Active national systems integrator 2024-2026 | CT tracker |
| Automated Control Concepts (ACC) | Riverside Company | Active Mid-Atlantic systems integrator 2024-2026 | CT tracker |
| Bachelor Controls / MKD Electric | AE Industrial Partners | Active national integrator 2024-2026 | CT tracker |
| Polytron | Mason Wells | Active Southeast integrator 2024-2026 | CT tracker |
| Concept Systems | GenNx360 Capital Partners | Active Pacific Northwest integrator 2024-2026 | CT tracker |
| Magnum Systems / ECS Solutions | Industrial Growth Partners | Active national integrator 2024-2026 | CT tracker |
| Telstar Instruments | May River Capital | Active Western integrator 2024-2026 | CT tracker |
| MAVERICK Technologies (Rockwell-owned) | Public-strategic (Rockwell Automation) | Strategic integrator 2024-2026 | CT tracker |
Solar EPC and residential solar platforms (8)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| SOLV Energy | American Securities | Largest US utility-scale solar EPC 2024-2026 | CT tracker |
| Pine Gate Renewables / Blue Ridge Power | Generate Capital plus HPS Investment Partners | Active utility-scale solar EPC and developer 2024-2026 | CT tracker |
| PosiGen | Magnetar Capital plus Activate Capital Partners | Active LMI residential solar 2024-2026 | CT tracker |
| Freedom Forever | Founder-led with private credit facility | Active national residential solar 2024-2026 | CT tracker |
| Momentum Solar | Founder-led with PE evaluating recap 2025 | Active national residential solar 2024-2026 | CT tracker |
| Sunnova Energy (formerly NYSE: NOVA) | Distressed restructuring 2025 | Restructured residential solar platform 2024-2026 | CT tracker |
| Sunrun (NASDAQ: RUN) | Public-strategic | Active national residential solar 2024-2026 | CT tracker |
| ION Solar | Peak Rock Capital | Active national residential solar 2024-2026 | CT tracker |
Wireless tower and site infra platforms (6)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| SBA Communications (NASDAQ: SBAC) | Public-strategic REIT | Active national tower acquirer 2024-2026 | CT map baseline |
| Crown Castle (NYSE: CCI) | Public-strategic REIT | Active national tower acquirer 2024-2026 | CT map baseline |
| American Tower (NYSE: AMT) | Public-strategic REIT | Active national tower acquirer 2024-2026 | CT map baseline |
| Tillman Infrastructure | I Squared Capital plus Bharti Enterprises | Active national tower platform 2024-2026 | CT map baseline |
| Vertical Bridge Holdings | Digital Bridge plus Stonepeak | Active national tower platform 2024-2026 | CT map baseline |
| Phoenix Tower International | Blackstone Infrastructure Partners with Grain Management minority | Active US plus international tower 2024-2026 | CT map baseline |
Self-storage platforms (7)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Public Storage (NYSE: PSA) | Public-strategic REIT | Active national self-storage acquirer 2024-2026 | CT map baseline |
| Extra Space Storage (NYSE: EXR) | Public-strategic REIT | Active national self-storage acquirer 2024-2026 | CT map baseline |
| CubeSmart (NYSE: CUBE) | Public-strategic REIT | Active national self-storage acquirer 2024-2026 | CT map baseline |
| National Storage Affiliates (NYSE: NSA) | Public-strategic REIT | Active national self-storage acquirer 2024-2026 | CT map baseline |
| StorageMart | Argentum plus Heitman | Active national self-storage platform 2024-2026 | CT map baseline |
| Prime Storage | Blackstone Real Estate | Active national self-storage platform 2024-2026 | CT map baseline |
| SmartStop Self Storage | Public-strategic | Active US and Canadian self-storage 2024-2026 | CT map baseline |
Manufacturing roll-ups by sub-vertical, industrial distribution, co-packing
This section maps 43 active US PE-backed platforms across 10 sub-sectors, sourced from CT Acquisitions trackers and the existing platform map baseline. Each row links to the underlying tracker for sponsor history, deal pace, and seller fit.
Manufacturing: Precision machining and CNC platforms (3)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Solve Industrial Motion Group | Audax Private Equity | Precision-machining roll-up active 2024-2026 | CT tracker |
| Tex Tech Industries | Arlington Capital Partners | Active precision-component 2024-2026 | CT tracker |
| Precision Industries (PIC Group) | Wind Point Partners | Active precision machining 2024-2026 | CT tracker |
Manufacturing: Contract manufacturing (diversified) platforms (5)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Atlas Holdings | Atlas Holdings | Diversified industrial holding active 2024-2026 | CT tracker |
| Sterling Group | Sterling Group | Middle-market industrial active 2024-2026 | CT tracker |
| Sun Capital Partners | Sun Capital Partners | Mid-market diversified active 2024-2026 | CT tracker |
| Wynnchurch Capital | Wynnchurch Capital | Middle-market industrial active 2024-2026 | CT tracker |
| Wind Point Partners industrial platform | Wind Point Partners | Middle-market industrial active 2024-2026 | CT tracker |
Manufacturing: Medical device contract manufacturing platforms (4)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Integer Holdings (NYSE: ITGR) | Public-strategic medical device contract manufacturer | Active 2024-2026 medical contract manufacturing | CT tracker |
| Resonetics | Carlyle Group plus GTCR | Active medical device contract manufacturing 2024-2026 | CT tracker |
| Cretex Medical | Altaris Capital Partners | Active medical device contract manufacturing 2024-2026 | CT tracker |
| Phillips-Medisize (Molex / Koch) | Koch Industries (private-strategic) | Active medical device contract manufacturing 2024-2026 | CT tracker |
Manufacturing: Plastics and injection molding platforms (4)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Pretium Packaging | Clearlake Capital Group | Active plastics packaging 2024-2026 | CT tracker |
| Berry Global (NYSE: BERY) | Public-strategic | Active plastics 2024-2026 | CT tracker |
| Plaskolite | Pritzker Private Capital | Active acrylic and polymer sheet 2024-2026 | CT tracker |
| Mauser Packaging Solutions | Stone Canyon Industries Holdings | Active plastics and metal packaging 2024-2026 | CT tracker |
Manufacturing: Specialty chemicals and coatings platforms (3)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Arsenal Capital Partners | Arsenal Capital Partners | Active specialty industrial sponsor 2024-2026 | CT tracker |
| Avient Corporation (NYSE: AVNT) | Public-strategic | Active specialty polymer and coating 2024-2026 | CT tracker |
| Innovative Chemical Products Group (ICP) | Audax Private Equity | Active specialty coatings 2024-2026 | CT tracker |
Manufacturing: Aerospace and defense components platforms (4)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| AE Industrial Partners | AE Industrial Partners | Aerospace and defense active 2024-2026 | CT tracker |
| Arlington Capital Partners | Arlington Capital Partners | Aerospace and defense active 2024-2026 | CT tracker |
| Liberty Hall Capital Partners | Liberty Hall Capital Partners | Aerospace and defense aftermarket active 2024-2026 | CT tracker |
| Trive Capital | Trive Capital | Aerospace and defense active sponsor 2024-2026 | CT tracker |
Manufacturing: Packaging and labels platforms (4)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Pactiv Evergreen (NASDAQ: PTVE) | Public-strategic | Active food packaging 2024-2026 | CT tracker |
| Resource Label Group | Ares Management | Active label manufacturing 2024-2026 | CT tracker |
| Multi-Color Corporation | Clayton, Dubilier & Rice | Active label manufacturing 2024-2026 | CT tracker |
| ProAmpac | Pritzker Private Capital | Active flexible packaging 2024-2026 | CT tracker |
Manufacturing: Building products platforms (3)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Cornerstone Building Brands | Clayton, Dubilier & Rice | Active building products 2024-2026 | CT tracker |
| PrimeSource Building Products | Clearlake Capital Group | Active building products distribution 2024-2026 | CT tracker |
| Cabinetworks Group | Platinum Equity | Active cabinet manufacturing 2024-2026 | CT tracker |
Industrial distribution platforms (6)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Wesco International (NYSE: WCC) | Public-strategic | Active national industrial distribution 2024-2026 | CT map baseline |
| MSC Industrial Direct (NYSE: MSM) | Public-strategic | Active national industrial distribution 2024-2026 | CT map baseline |
| Fastenal (NASDAQ: FAST) | Public-strategic | Active national industrial distribution 2024-2026 | CT map baseline |
| Industrial Distribution Group / Würth Industry North America | Würth Group (private-strategic) | Active national industrial distribution 2024-2026 | CT map baseline |
| DXP Enterprises (NASDAQ: DXPE) | Public-strategic | Active national industrial distribution 2024-2026 | CT map baseline |
| Lawson Products (Distribution Solutions Group, NASDAQ: DSGR) | Public-strategic | Active national industrial distribution 2024-2026 | CT map baseline |
Co-packing and contract food platforms (7)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| TreeHouse Foods (NYSE: THS) | Public-strategic | Active national co-packing 2024-2026 | CT map baseline |
| Hearthside Food Solutions | Apollo Global Management plus management plus Charlesbank | Active national co-packing 2024-2026 | CT map baseline |
| Shearer’s Foods | Ontario Teachers’ Pension Plan plus continuation | Active national co-packing 2024-2026 | CT map baseline |
| Continental Mills | Kohlberg & Company | Active national co-packing 2024-2026 | CT map baseline |
| Utz Brands (NYSE: UTZ) | Public-strategic | Active national co-packing adjacency 2024-2026 | CT map baseline |
| Krispy Krunchy Foods | Atlantic Street Capital | Active national co-packing and licensing 2024-2026 | CT map baseline |
| FBN / Functional Brands | L Catterton | Active national co-packing 2024-2026 | CT map baseline |
Financial services platforms: insurance brokerage, CPA firms, RIA and wealth management
This section maps 72 active US PE-backed platforms across 3 sub-sectors, sourced from CT Acquisitions trackers and the existing platform map baseline. Each row links to the underlying tracker for sponsor history, deal pace, and seller fit.
Insurance brokerage (LMM platforms) platforms (25)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Arthur J. Gallagher (NYSE: AJG) | Public-strategic | Closed $13.45B AssuredPartners acquisition August 18, 2025 | CT tracker |
| Brown & Brown (NYSE: BRO) | Public-strategic | Closed $9.825B Risk Strategies (Accession) acquisition August 1, 2025 | CT tracker |
| Aon (NYSE: AON) | Public-strategic | Closed $13.0B NFP acquisition April 25, 2024 | CT tracker |
| Marsh McLennan Agency (NYSE: MMC) | Public-strategic subsidiary | Absorbed McGriff in late 2024 | CT tracker |
| WTW (NASDAQ: WTW) | Public-strategic | Acquired Newfront January 27, 2026 for ~$900M | CT tracker |
| Hub International | Hellman & Friedman with Altas Partners and Leonard Green | $1.6B financing announced May 2025 | CT tracker |
| Acrisure | Bain Capital plus founder plus syndicate | $2.1B Bain investment 2025 | CT tracker |
| BroadStreet Partners | Ontario Teachers’ Pension Plan plus Ethos Capital plus BCI plus White Mountains plus T. Rowe Price | 2025 OPTIS leader with 69 deals | CT tracker |
| Trucordia (formerly PCF Insurance Services) | Carlyle plus existing sponsor stack ($1.3B June 2025 at $5.7B EV) | Rebranded October 2024, recapitalized June 2025 | CT tracker |
| USI Insurance Services | KKR plus CDPQ continuation | Active national broker 2024-2026 | CT tracker |
| Inszone Insurance Services | BHMS Investments plus Lightyear Capital (Nov 2023) | 2025 OPTIS #3 with 45 deals | CT tracker |
| World Insurance Associates | Charlesbank Capital Partners plus Goldman Sachs Asset Management | 2025 OPTIS #4 with 34 deals (+113% YoY) | CT tracker |
| Keystone Agency Partners | Warburg Pincus | 2025 OPTIS #5 with 32 deals | CT tracker |
| ALKEME | GCP Capital plus Garrison Investment Group | 2025 OPTIS #7 with 27 deals | CT tracker |
| HighStreet Insurance Partners | Huron Capital plus continuation | 2025 OPTIS #8 with 26 deals | CT tracker |
| King Risk Partners | Reverence Capital Partners | 2025 OPTIS #9 with 22 deals | CT tracker |
| Patriot Growth Insurance Services | GI Partners (control 2021) plus Summit Partners minority | Active national broker 2024-2026 | CT tracker |
| Higginbotham | Stone Point Capital (since 2009) plus Blackstone minority July 2024 | Active national broker 2024-2026 | CT tracker |
| Hilb Group | Carlyle Group | Active national broker 2024-2026 | CT tracker |
| Alera Group | Genstar Capital plus Flexpoint Ford | Active national broker 2024-2026 | CT tracker |
| Relation Insurance Services | BayPine (announced Feb 2026, post-Aquiline) | Sponsor transition 2026 | CT tracker |
| OneDigital | Stone Point Capital plus CPP Investments (Dec 4 2025 majority recap), Onex significant minority | $7B+ valuation recap December 2025 | CT tracker |
| Galway / EPIC Insurance Brokers | Harvest Partners | Active national broker 2024-2026 | CT tracker |
| The Baldwin Group (NASDAQ: BWIN) | Public-strategic | Absorbed AHT Insurance Aug 2024, active 2024-2026 | CT tracker |
| Oakbridge Insurance | Audax Group (Sept 2023, post-Corsair) | Active Southeast broker 2024-2026 | CT tracker |
CPA firms platforms (17)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Citrin Cooperman | New Mountain Capital plus Blackstone Strategic Partners | Active national CPA platform 2024-2026 | CT tracker |
| EisnerAmper | TowerBrook Capital Partners | Active national CPA platform 2024-2026 | CT tracker |
| Baker Tilly US | Hellman & Friedman plus Valeas Capital Partners | Active national CPA platform 2024-2026 | CT tracker |
| Grant Thornton US | New Mountain Capital | Active national CPA platform 2024-2026 | CT tracker |
| Carr, Riggs & Ingram (CRI) | Centerbridge Partners | Active national CPA platform 2024-2026 | CT tracker |
| Aprio | Charlesbank Capital Partners | Active national CPA platform 2024-2026 | CT tracker |
| Cherry Bekaert | Parthenon Capital with Audax Group minority | Active national CPA platform 2024-2026 | CT tracker |
| Wipfli | Investcorp | Active national CPA platform 2024-2026 | CT tracker |
| PKF O’Connor Davies | Investcorp | Active national CPA platform 2024-2026 | CT tracker |
| Sikich | Bain Capital | Active national CPA platform 2024-2026 | CT tracker |
| Springline Advisory | Trinity Hunt Partners plus continuation | Active national CPA platform 2024-2026 | CT tracker |
| Ascend | Alpine Investors | Active national CPA platform 2024-2026 | CT tracker |
| Prosperity Partners | Audax Group | Active national CPA platform 2024-2026 | CT tracker |
| Doeren Mayhew | Audax Group | Active national CPA platform 2024-2026 | CT tracker |
| Frazier & Deeter | Lightyear Capital | Active Southeast CPA 2024-2026 | CT tracker |
| Richey May | Tower Arch Capital | Active Western CPA platform 2024-2026 | CT tracker |
| Armanino LLP | Further Global plus Catalyst Investors | Active national CPA platform 2024-2026 | CT tracker |
RIA and wealth management platforms (30)
| Platform | Sponsor or cap-table summary | 2024-2026 activity evidence | Source |
|---|---|---|---|
| Mercer Global Advisors | Genstar Capital plus Oak Hill Capital plus Altas Partners continuation | Active national RIA aggregator 2024-2026 | CT tracker |
| Mariner | Leonard Green Partners plus Neuberger Berman Capital Solutions minority Oct 2024 | $31B Advisor Network sold to LPL April 2026; W-2 RIA core unaffected | CT tracker |
| Hightower Advisors | Thomas H. Lee Partners plus Goldman Sachs Asset Management plus continuation | Active national RIA aggregator 2024-2026 | CT tracker |
| Wealth Enhancement Group | TA Associates plus Onex Partners plus Genstar Capital | 2025 deal leader (17 deals DeVoe / 14 deals Fidelity) | CT tracker |
| Creative Planning | TPG Capital (substantial minority Oct 2024) | Active national RIA 2024-2026 | CT tracker |
| CAPTRUST | Carlyle Group plus GTCR plus continuation | Active national RIA and retirement 2024-2026 | CT tracker |
| Edelman Financial Engines | Hellman & Friedman plus Warburg Pincus (strategic sale process launched 2025 / halted October 2025) | Active national RIA 2024-2026 | CT tracker |
| Cerity Partners | Warburg Pincus minority $1B Feb 17 2026 at $8.5B valuation; Cerity management largest shareholder | Major Feb 2026 cap-table reset | CT tracker |
| Beacon Pointe Advisors | KKR plus continuation | 2025 DeVoe #3 with 12 deals | CT tracker |
| EP Wealth Advisors | Berkshire Partners plus Ares Management minority Sept 2025 | Active national RIA 2024-2026 | CT tracker |
| Carson Group | Bain Capital Partnership Strategies | Active national RIA 2024-2026 | CT tracker |
| Savant Wealth Management | Cynosure Group plus management | Active national RIA 2024-2026 | CT tracker |
| Merit Financial Advisors | Wealth Partners Capital Group plus HGGC minority | 2025 DeVoe #2 with 13 deals | CT tracker |
| Allworth Financial | Integrum Holdings (new majority April 30 2026); Lightyear and OTPP retained | Major April 2026 cap-table reset | CT tracker |
| Sequoia Financial Group | Valeas Capital Partners plus Kudu Investment Management | Active national RIA 2024-2026 | CT tracker |
| Mather Group | Vistria Group | Active national RIA 2024-2026 | CT tracker |
| Choreo | Parthenon Capital | Active national RIA 2024-2026 | CT tracker |
| Cresset Capital Management | Constellation Wealth Capital $150M minority late 2024 (under 10%) | Active national UHNW RIA 2024-2026 | CT tracker |
| Pathstone | Lovell Minnick Partners plus Kelso & Company plus management | Active national UHNW RIA 2024-2026 | CT tracker |
| Aspiriant | Employee-owned with continuation credit facility | Active national UHNW RIA 2024-2026 | CT tracker |
| Modera Wealth Management | Audax Group | Active national RIA 2024-2026 | CT tracker |
| Steward Partners | Employee-majority plus Cynosure plus Pritzker plus Ares ($475M late 2025) | Active national RIA 2024-2026 | CT tracker |
| Mission Wealth | Great Hill Partners | Active national RIA 2024-2026 | CT tracker |
| Bleakley Financial Group | Rise Growth Partners | Active Northeast RIA 2024-2026 | CT tracker |
| Sanctuary Wealth | Azimut Group plus Kennedy Lewis Investment Management | Active national RIA 2024-2026 | CT tracker |
| Wealthspire Advisors | Madison Dearborn Partners (closed Oct 30 2025, ~$2.7B carve-out from Aon-NFP) | Major Oct 2025 carve-out | CT tracker |
| Stratos Wealth Partners | SEI majority 57.5% (Dec 2025, $527M) | Active national RIA 2024-2026 | CT tracker |
| Corient (CI Financial US wealth brand) | Mubadala plus public CI Financial parent | Absorbed BDF and other US wealth 2024-2026 | CT tracker |
| AlTi Tiedemann Global (NASDAQ: ALTI) | Public, 13D disclosed 9.8% take-private bid exploration March 2026 | Active national UHNW platform 2024-2026 | CT tracker |
| Focus Partners Wealth (formerly Focus Financial Partners) | Clayton, Dubilier & Rice plus Stone Point Capital | Absorbed Buckingham Strategic Wealth Jan 2025 | CT tracker |
Geographic concentration: where platforms are buying in 2026
PE platform acquisition activity is not evenly distributed across the US. Five regional clusters absorb the majority of LMM transaction volume.
| Region | Leading sectors | Why platforms target it |
|---|---|---|
| Texas | HVAC, plumbing, electrical, pest control, dental, vet, IT MSP, oil & gas services, manufacturing | Population growth, business-friendly regulation, energy economy, low income tax, large addressable LMM business count |
| Florida | HVAC, plumbing, pest control, dental, vet, dermatology, roofing, marine services | Demographic tailwinds (retirees, in-migration), hurricane-driven services demand, high-density LMM population, no income tax |
| Sun Belt / Carolinas / Georgia / Tennessee | Home services across the board, healthcare services, manufacturing, logistics | Manufacturing reshoring, population growth, lower cost base, infrastructure tailwinds |
| Northeast urban corridor | Healthcare services, dental, vet, behavioral health, fire/life safety, IT MSP | Density, regulatory complexity that favors consolidated operators, higher revenue per location |
| Midwest manufacturing belt | Precision machining, contract manufacturing, industrial distribution, auto repair | Manufacturing density, aging founder cohort, recurring industrial service demand |
If your business is in one of these geographies, the addressable platform pool for your specific sector is materially larger than the national average. If your business is in a less-targeted region, the right approach is often to bring the business to platforms with geographic infill mandates rather than waiting for inbound interest.
How to use this map if you are thinking about selling
The 288+ platforms above are a starting point, not a sale process. The way to translate this map into an actual exit is sequential.
Step 1: identify the 5-12 platforms that fit your specific business
Cross-reference your sector, EBITDA size, geography, and growth profile against the tables above. A $2.5M EBITDA HVAC business in Tampa with 65% residential service mix matches roughly 8-10 platforms in our home services tables: Apex, Sila, Champions, ARS, Wrench, Helix, Service Logic, plus 1-2 regional roll-ups. That is your candidate set.
Step 2: read each candidate’s recent transaction pace and sub-sector fit
Some platforms are highly active in 2026, some are slowing pre-exit, and some have shifted sub-sector mandates. Press release archive searches over the trailing 18 months reveal which platforms are deploying capital actively versus parked. We refresh this report quarterly to keep this layer current.
Step 3: prepare your business to clear platform diligence
Reviewed or audited financials for 3 years. Clean adjusted EBITDA bridge with documented add-backs. Customer concentration analysis. Recurring revenue documentation. Employee retention plan. Working capital normalization. The cost of preparation is dwarfed by the value spread between a prepared and an unprepared sale.
Step 4: run a confidential pre-marketing process
The owners who get the cleanest exits do not respond to inbound. They run a structured outreach to the 5-12 fit-aligned platforms identified in Step 1, using either an investment banker, a buy-side advisor (our model), or a direct approach if they have the relationships. The difference between a 1-buyer process and a 5-buyer process is typically 15-30% of headline value.
Step 5: negotiate structure as carefully as price
Headline price is one variable. Rollover requirement, earnout structure, working capital methodology, escrow size, R&W insurance treatment, employee retention obligations, non-compete duration, and tax structuring (asset vs stock, 338(h)(10), F-reorg) all move real economic value. Two offers at the same headline price can differ by 20-30% in net-to-seller after taxes and structure.
If you want a real-market read on which platforms in this map would fit your specific business, schedule a confidential call. We are buyer-paid: you pay nothing, sign nothing, and are free to walk at any time.
Want more deal flow in this sector?
We run targeted, confidential outreach to owners and bring acquirers proprietary deals that never hit the open market. Tell us what you are looking for.
Private Equity Platforms by Sector: Limitations of This Analysis
This map is a useful starting point, not the universe. Known limitations:
- Platform-only view. We name 288 active platforms but exclude the 800+ independent sponsors, search funders, and family offices that also buy in these sectors. Those buyers are covered in our separate 2026 LMM Buyer Mandate Report.
- Mandates evolve faster than quarterly updates. Specific platforms may pause add-on activity pre-exit or shift sub-sector focus between updates. For a specific business, real-time outreach beats static reference.
- Sponsor structures change. Platforms get recapitalized, sold to new sponsors, or taken public. A platform’s sponsor in May 2026 may not be its sponsor by Q4 2026. We refresh quarterly but cannot capture intra-quarter changes.
- EBITDA ranges are observed, not committed. A platform that ‘typically’ acquires $1M-$5M EBITDA may close a $10M deal if the strategic fit is right. The ranges are a useful filter, not a rule.
- Not every sub-sector is covered. We focused on the 32 sectors with the heaviest 2026 LMM PE activity. Niche sectors (specialty consumer brands, agriculture, water/wastewater services, marine) are not fully mapped here.
- This is aggregated public-source research. Every named transaction or sponsor relationship is sourced from public records (portfolio pages, SEC filings, trade press). Inferences from observable activity are flagged as such. Specific sale decisions should be informed by transaction-specific due diligence and qualified counsel.
About the Author
Christoph Totter is the founder of CT Acquisitions, a buy-side partner headquartered in Sheridan, Wyoming. We work directly with 100+ active buyers, search funders, family offices, lower middle-market PE, and strategic consolidators, including direct mandates with the largest consolidators that other intermediaries cannot access. The buyers pay us when a deal closes, not the seller. No retainer, no exclusivity, no contract until close. Connect on LinkedIn · Get in touch
Private Equity Platforms by Sector: Frequently Asked Questions
How many active US PE platforms are buying in the lower middle market in 2026?
Our map covers 288 named platforms across 32 sectors. The full universe of US PE-backed platforms acquiring $500K-$50M EBITDA businesses is estimated at 250-400, depending on how strictly you define ‘active.’ Most owners encounter 2-3 of these through inbound outreach; a structured process surfaces 5-12 fit-aligned platforms for any given business.
Which sector has the most active PE platforms?
Healthcare services (dental DSOs, veterinary, dermatology, med spa, behavioral health) has the largest active platform count, with 49 named platforms acquiring in 2026 across five sub-verticals. Home services (HVAC, plumbing, roofing, pest control, landscaping) is second with 52 named platforms. Fire and life safety has 12 named platforms in a smaller addressable business universe, which drives premium multiples.
Who is the biggest US PE-backed HVAC platform?
Apex Service Partners (Alpine Investors with Partners Group continuation vehicle) led 2025 disclosed deal volume in HVAC by a wide margin. ARS / Rescue Rooter (GI Partners with continued Charlesbank Capital Partners participation) and Service Champions / Wrench Group (Leonard Green Partners with TSG Consumer Partners minority) are the next-tier national multi-trade platforms in 2026.
Which PE firms own the largest dental DSOs?
Heartland Dental is owned by KKR (lead) with Ontario Teachers’ Pension Plan. Aspen Dental is owned by Leonard Green & Partners and Ares Management. MB2 Dental is owned by Charlesbank Capital Partners and Warburg Pincus. Smile Brands is owned by New Mountain Capital. Pacific Dental Services is closely held private. Sponsorship has changed multiple times across the DSO landscape; verify current ownership at time of any specific transaction.
What’s the largest US veterinary platform?
Mars Petcare (private; owns Banfield, BluePearl, VCA, AniCura, and Ethos Veterinary Health) is the largest US and global veterinary consolidator by location count and revenue. National Veterinary Associates (JAB Holding Company) is second by location count. KKR’s PetVet Care Centers, Harvest Partners’ VetCor, and Partners Group’s Thrive Pet Healthcare are the next-tier US platforms.
Are there active PE platforms buying small manufacturing businesses?
Yes, dozens. Active sponsors in lower-middle-market manufacturing include Audax Private Equity, Wynnchurch Capital, Industrial Growth Partners, Trive Capital, Insight Equity, Arsenal Capital Partners, Pritzker Private Capital, Mason Wells, ParkerGale, and Saw Mill Capital. Each has built multiple platform investments in precision machining, contract manufacturing, plastics, specialty chemicals, and other sub-verticals.
Do public companies acquire small businesses or only large ones?
Many public companies are very active LMM acquirers. Rollins (NYSE: ROL) acquires $200K-$10M EBITDA pest control businesses. APi Group (NYSE: APG) acquires $2M-$50M EBITDA fire/safety and specialty services businesses. Comfort Systems USA (NYSE: FIX) acquires $5M-$50M commercial HVAC. Driven Brands (NASDAQ: DRVN) acquires $500K-$5M auto service businesses. The ‘only public companies buy big’ assumption is outdated; many publics run dedicated LMM add-on programs.
How do I find which platforms specifically fit my business?
Cross-reference your sector and EBITDA size against the tables in this report. For most LMM businesses, 5-12 platforms will fit. Schedule a confidential call with us for a real-market read at no cost. We are buyer-paid: the seller pays nothing, signs nothing, and is free to walk at any time.
What does it mean when you say a platform’s mandate is ‘inferred’?
Some platforms publicly state their mandate (sector, EBITDA range, geography). Others do not, but their public acquisition activity reveals a consistent pattern. When we describe an inferred mandate, we are saying the pattern is observable from 6-18 months of public deal announcements, not from a stated commitment. Inferred mandates are useful but can change without warning.
How often is this map updated?
Quarterly. We refresh based on new transactions, sponsor recapitalizations, fund cycle updates, and mandate evolutions. The current snapshot is June 10, 2026. Subscribers to the CT Strategic Partners newsletter receive notification when new versions are published.
Are family offices included in this map?
No. This map focuses on PE-backed platforms with stated platform theses. Family offices acquire across the same sectors but with different structures (longer holds, often less competitive bidding processes). Family office mandates are covered in the separate 2026 LMM Buyer Mandate Report.
Where can I see the source data for a specific platform?
Every named platform in this report has at least one public source: a sponsor portfolio page, an SEC filing, a press release, or trade-press deal coverage. We can share specific source citations for any platform on request via the contact form.
Authoritative deal-data sources informing this analysis:
- GF Data, Lower middle market M&A transaction data (quarterly reports)
- BizBuySell Insight Report, Quarterly small-business transaction data
- Peak Business Valuation, Industry-specific multiples research
- BMI Mergers & Acquisitions, Lower middle market deal commentary
- PitchBook, Private market data and deal records
- Capstone Partners, Sector-specific M&A updates
Benchmark ranges in this report reflect CT Acquisitions' synthesis of these data sources plus our proprietary buyer-network insights from 76+ active U.S. lower middle market acquirers. Individual deal terms vary; consult a qualified M&A advisor.
Sources & References
- SEC EDGAR filings, 10-K, 10-Q, and 8-K filings from public consolidators (Rollins, Rentokil Initial, APi Group, Comfort Systems USA, Driven Brands, IES Holdings, others)
- PE sponsor portfolio disclosures, public portfolio pages from KKR, Blackstone, Apax Partners, Audax, Leonard Green & Partners, Ares, Berkshire Partners, Charlesbank, New Mountain Capital, Goldman Sachs Asset Management, Carlyle, Bain Capital, TA Associates, Hellman & Friedman, Roark Capital, and 30+ other named sponsors
- BusinessWire / PR Newswire / GlobeNewswire, acquisition announcements 2024-01-01 through 2026-05-15
- PEHub, Axios Pro, Middle Market Growth, Buyouts, AxialMarket, Mergermarket, trade-press deal coverage
- BVR / DealStats Database, observed transaction multiples by sector and EBITDA band
- Pitchbook 2026 LMM Report, aggregate transaction trends
- SRS Acquiom 2026 M&A Deal Points Study, deal-structure benchmarks
- NAREIT and public REIT investor disclosures, self-storage and tower platform data
Last updated: June 10, 2026. CT Strategic Partners refreshes this report quarterly. For corrections or methodology questions, get in touch.
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