First PE roll-up wave wrapping up; new firms kicking off new platforms

Zureikat said the first wave of PE roll-ups (launched 2020/2021 on the classic five-year hold) is wrapping up, PE-to-PE platform exits are coming, and new firms are already kicking off new platforms in a fragmented market with years of runway left.

“It's almost like the first wave is sort of wrapping up here. The five-year hold period was always the classic amongst private equity, and a lot of them kicked off their roll-up strategies in 2020/2021.”

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