# Road To Carry

> Private Equity Playbooks for Buying and Building Businesses Every week: one real acquisition opportunity and one deep-dive PE case study—to help you find, evaluate, and acquire businesses. Join professionals from Blackstone, KKR, Carlyle, Goldman Sachs, and LPs managing $100B+.

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## Posts
- [📚 Investing in Textbooks: Strategic Pivots & Multiples](https://www.penewsletter.com/p/investing-in-textbooks-strategic-pivots-multiples): McGraw Hill Case Study (Apollo)
- [🔩 Fastener Distributors: When Services & Scale Give Differentiation ](https://www.penewsletter.com/p/fastener-distributors-when-services-scale-give-differentiation): AFC Industries Case Study
- [⚓ Buy the Slip, Sell Everything Else: Inside the Marina Roll-Up](https://www.penewsletter.com/p/buy-the-slip-sell-everything-else-inside-the-marina-roll-up): Suntex Marinas Case Study
- [⚖️ Litigation Services Roll Up: AI Opportunity or Disruption?](https://www.penewsletter.com/p/litigation-services-roll-up-ai-opportunity-or-disruption): Lexitas Case Study & Tech Risk
- [🛗 Going Up: PE's Roll Up of Elevator Services](https://www.penewsletter.com/p/going-up-pe-s-roll-up-of-elevator-services): Long-Term Backlog. Mega-merger on the horizon.
- [🚉 From 23 Distressed Burger Kings to $4 Billion AUM Fund](https://www.penewsletter.com/p/from-23-distressed-burger-kings-to-4-billion-aum-fund): What Garnett Station Story Teaches the Next Generation of Investors
- [🚚 Septic, Drain & Sewer: The Buy & Build Story](https://www.penewsletter.com/p/septic-drain-sewer-the-buy-build-story): Wind River Environmental Case Study 
- [Identifying & Quantifying AI Opportunities in Your Portco](https://www.penewsletter.com/p/identifying-quantifying-ai-opportunities-in-your-portco): Last of pilot series. To be continued.
- [How to Write Good Prompts as An Investor](https://www.penewsletter.com/p/how-to-write-good-prompts-as-an-investor): Part 3 of pilot series.
- [🪦 Funeral Home Roll Ups. Disruption In the Horizon?](https://www.penewsletter.com/p/funeral-home-roll-ups-disruption-in-the-horizon): Foundation Partners Group Case Study 
- [Getting 80% of a market map done before lunch](https://www.penewsletter.com/p/getting-80-of-a-market-map-done-before-lunch): AI as your analyst. Part 2 of pilot series.
- [🚗 Collision Repair: The Roll-Up PE Keeps Crashing Into ](https://www.penewsletter.com/p/collision-repair-the-roll-up-pe-keeps-crashing-into): 16+ PE-Backed Platforms
- [AI for PE–Where Do I Start? 3 Prompts You Can Use Today](https://www.penewsletter.com/p/ai-for-pe-where-do-i-start-3-prompts-you-can-use-today): A pilot series on AI for private equity
- [👚Healthcare Laundry: Unglamorous Thesis PE Keeps Coming Back To](https://www.penewsletter.com/p/healthcare-laundry-unglamorous-thesis-pe-keeps-coming-back-to): Healthcare Linen Services Group Case Study
- [💰 CITs: Cash Cow Underneath Retirement Assets ](https://www.penewsletter.com/p/cits-cash-cow-underneath-retirement-assets): Great Gray Trust Case Study
- [🤖 AI Roll Ups: Edge or Hype?](https://www.penewsletter.com/p/ai-roll-ups-edge-or-hype): Founder/CEO of Dwelly, a General Catalyst Backed Property Management Roll Up
- [🧯Playing With Fire: PE’s Fire Safety Roll-Up Boom ](https://www.penewsletter.com/p/playing-with-fire-pe-s-fire-safety-roll-up-boom): Pye Barker Case Study
- [🚨[LIVE DEAL] ~$2M EBITDA Utility Infra Services & Pediatric Therapy Center](https://www.penewsletter.com/p/live-deal-2m-ebitda-utility-infra-services-pediatric-therapy-center)
- [🪟 Windows & Doors: the Next Consolidation Frontier?](https://www.penewsletter.com/p/windows-doors-the-next-consolidation-frontier): Alpine’s Launch of Mosaic Service Partners
- [⏮ Recap: 2026 Serial Acquirer Conference](https://www.penewsletter.com/p/recap-2026-serial-acquirer-conference): 160 serial acquirers and investors gathered
- [🤖 AI in Private Equity: The Holdout Is Over](https://www.penewsletter.com/p/ai-in-private-equity-the-holdout-is-over): Interview with Ed Brandman: former CIO of KKR & Founder of ToltIQ
- [💰 Rolling up TPAs: Making Money Off Your Retirement Money](https://www.penewsletter.com/p/rolling-up-tpas-making-money-off-your-retirement-money): Ascensus Case Study
- [🏘️ Property Management Rollups: What’s the Craze?](https://www.penewsletter.com/p/property-management-rollups-what-s-the-craze): Is AI Real In This Market?
- [🚨[LIVE DEAL] Doors & Windows Distributors and Manufacturers](https://www.penewsletter.com/p/live-deal-doors-windows-distributors-and-manufacturers)
- [👷Field Services: The Spreadsheet Is the Easy Part](https://www.penewsletter.com/p/field-services-the-spreadsheet-is-the-easy-part): Robert Irving: Field Services Founder, VP @ a Consolidator, & Now an Indy Sponsor
- [2026 Serial Acquirer Conference Is Live](https://www.penewsletter.com/p/2026-serial-acquirer-conference-is-live): Where the next generation of serial acquirers is built
- [🚨[LIVE DEAL] IT Staffing & Managed Services](https://www.penewsletter.com/p/live-deal-it-staffing-managed-services): Interview with former CIO of KKR
- [⚽ Sports Teams: A Shiny Object Or the Next PE Frontier?](https://www.penewsletter.com/p/sports-teams-a-shiny-object-or-the-next-pe-frontier): Chelsea FC buyout by Clearlake 
- [🚨[LIVE DEAL] Integrated Healthcare and Clinical Research Services Platform](https://www.penewsletter.com/p/live-deal-integrated-healthcare-and-clinical-research-services-platform)
- [🧹Commercial Cleaning: Easy to Enter, Hard to Scale](https://www.penewsletter.com/p/commercial-cleaning-easy-to-enter-hard-to-scale): The Trap At Both Ends of the Scale
- [🚨[LIVE DEAL] Arts & Crafts Kits and Cloud Migration Services ](https://www.penewsletter.com/p/live-deal-arts-crafts-kits-and-cloud-migration-services): Join upcoming interview