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State of Play
I’ve been curious to write about commercial cleaning roll ups for years now. Why? Here is a quick story.
My dad is an accountant for local SMBs, including some in commercial cleaning. Back in 2024, I got a call from him on a random workday telling me how several of his clients simultaneously got acquisition offers, presumably from a PE-backed company. Turns out, it was a platform backed by a $3.5B NY based PE fund. Knocking on the doors of <$1M EBITDA businesses.
So let’s dive into this roll up frenzy. Our takeaway? Buyer beware unless you can execute.