LMM Roll Up Strategies that are Recession Proof

What are your experiences with the following roll up strategies, HVAC, Insurance, and Medical.
Platform size $50-150mm PF Revenue
What are typical add-on multiples, and general recap multiples? Trying to gauge multiple arbitrage.
What PE firms are known for each in the space? Generally speaking is it safe 2-4x returns?
What are key nuances of DD for each sector?
Which vertical provides better/more career opportunities on the fund side and on the portfolio company side?
Any firms to avoid or instances that the strategy didn't work?
Is the insurance roll up strategy played out and the bubble has popped- per some what some m&a insurance insider article is stating?


A lot of those are so saturated now, I’m not sure there is much opportunity there. 

LMM roll ups in general feel like a bunch of turds bolted together that one PE firm passes to another. 

Generally agree, I feel there is enough pressure upstream that MM PE firms are having to swim downstream.

Mr 305

Id quia consequatur delectus vel dicta perferendis autem. Exercitationem laboriosam ea quos molestiae soluta est.

Rerum adipisci occaecati fuga ipsam est ut reprehenderit atque. Aut ea libero hic qui earum hic consequatur. Praesentium suscipit consequuntur error quas. Libero dicta omnis sunt laudantium perferendis rerum. Laborum odit rerum vitae libero dolorum.

Mr 305

Career Advancement Opportunities

November 2023 Private Equity

  • The Riverside Company 99.5%
  • Warburg Pincus 99.0%
  • Blackstone Group 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

November 2023 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

November 2023 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Warburg Pincus 98.4%
  • Blackstone Group 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

November 2023 Private Equity

  • Principal (8) $676
  • Director/MD (22) $599
  • Vice President (88) $361
  • 3rd+ Year Associate (87) $277
  • 2nd Year Associate (198) $267
  • 1st Year Associate (378) $229
  • 3rd+ Year Analyst (28) $157
  • 2nd Year Analyst (81) $133
  • 1st Year Analyst (239) $123
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (307) $59
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”


From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”