PE 'gobbling up' fencing and roofing, heating up tier-two trades

Commentary that fencing and roofing were once unhot tier-two/tier-three home services but are now being acquired by private equity, raising their attractiveness; buyers are pushed toward still-fragmented, unsophisticated tier-two/three niches like residential turf.

“Fencing and roofing were at one point in that bucket, but now they're getting gobbled up by private equity, so all of a sudden, fencing, which started off as a not very hot industry, is now kind of a hot industry.”

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