Next area PE will flood into?

Wondering what industries people think PE will be most aggressively targeting over the next 5-10 years for buy-and-build strategies. Already starting to hear how saturated some of the home services theses are becoming.

Looking at a few that have been hot recently:

Home Services Roll-Ups

  • Pest Control
  • Landscaping
  • HVAC
  • Roofing
  • Plumbing
  • Electrical
  • Pool Services
  • Garage Door Services
  • Restoration / Water Mitigation
  • Asphalt & Paving
  • Fire & Security / Alarm Installation

Commercial & Industrial Services

  • Industrial Maintenance & Repair
  • Commercial HVAC / Mechanical Services
  • Facility Services
  • Testing, Inspection & Certification (TIC)
  • Fire Protection Services
  • Elevator Maintenance

Curious what people think the next wave will be once some of the current home services themes get more crowded and less targets are available to buy.

19 Comments
 

I'd present the challenge to tell me any area worth pursuing that it's not already in...

"If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

Yeah, I would say past 5 years is still pretty recent when we think about PE. No need to split hairs asshole

 

Infrastructure and other hard assets 100%. Investors love stable returns and I think with AI disruption it will be harder to underwrite tech and tech-enabled services businesses. Additionally, the growing global need for infrastructure will continue to drive returns and increase liquidity in the space.

 

Corrupti aut pariatur asperiores consequatur. Quis corporis enim eum quia exercitationem vel similique. Ea qui in numquam nam commodi rem totam. Qui eius rerum quae omnis qui numquam. Quae sint non rerum nihil molestiae incidunt.

Ut autem sint rerum quo est ea debitis. Nihil recusandae minus voluptatem aut. Cumque amet sapiente eos vero. Perspiciatis exercitationem non quasi dolore similique rem aut. Vel aspernatur cupiditate omnis aliquid aut nobis ut. Vel quod qui tempore mollitia quis.

Ea temporibus quia vitae alias sit omnis. Id corrupti laborum temporibus libero. Adipisci ex doloribus reprehenderit. Ut voluptatem quibusdam numquam eligendi. Tenetur eius libero architecto officiis. Natus reiciendis et omnis fuga occaecati hic amet omnis.

Career Advancement Opportunities

June 2026 Private Equity

  • The Riverside Company 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.2%
  • Blackstone Group 98.9%
  • Warburg Pincus 98.5%
  • Bain Capital 98.1%

Overall Employee Satisfaction

June 2026 Private Equity

  • KKR (Kohlberg Kravis Roberts) 99.6%
  • The Riverside Company 99.2%
  • Ardian 98.9%
  • Blackstone Group 98.5%
  • Starwood Capital Group 98.1%

Professional Growth Opportunities

June 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.2%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.1%

Total Avg Compensation

June 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (97) $363
  • 3rd+ Year Associate (104) $281
  • 2nd Year Associate (234) $272
  • 1st Year Associate (411) $229
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (95) $134
  • 1st Year Analyst (271) $124
  • Intern/Summer Associate (37) $80
  • Intern/Summer Analyst (351) $61
notes
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...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

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