- Road To Carry Newsletter
- Posts
- 🚾Flush with Opportunity: PE’s Porta-Potty Roll-Up
🚾Flush with Opportunity: PE’s Porta-Potty Roll-Up
Playbook & United Site Services case study
I was recently at an outdoor concert with friends. The long lines of portable toilets got me wondering–did you know that private equity owns the largest portable toilet company?
If there’s a topic you’d like me to cover, drop me a note at [email protected]
PE Playbook: Portable Toilets
State of Play
United Site Services (USS), currently backed by Platinum Equity, holds an estimated 17% share of the U.S. portable toilet market, according to Middle Market. The company has grown rapidly via M&A, acquiring over 70 add-ons since inception and cycling through four different PE sponsors.
In 2021, Platinum rolled its ownership into a continuation fund at a reported $4 billion valuation, representing a 4x+ return in just four years.
Let’s dive into the thesis and a case study on United Site Services.
Private Equity Course Launch
In a couple weeks, I’m launching Road to Carry, a private equity training course built around how deals actually get done from start to finish.
You’ll get step-by-step video walkthroughs, real-world templates, and hands-on exercises across the full deal lifecycle: NDAs, models, memos, diligence, and more.
🎓 I’m opening early access to a small founding cohort. Join the waitlist: resources.roadtocarry.com/course-waitlist
(If you’ve already signed up, no need to do it again.)
Reply