theses
Every healthcare investor knows the story: the clinic looks profitable on paper, but when you lift the hood, there’s 10–15% of revenue sitting in limbo...unpaid claims, coding errors, rejected reimbursements. It’s not a demand problem. It’s a billing problem. The U.S. healthcare system processes
theses
Most local governments still run on software that looks like it came free with Windows XP. Procurement, permits, inspections, citizen support portals......held together by outdated code, clunky interfaces, and people who've been "restarting the server" since 2004. Yet these systems handle billions in transactions and
theses
Luxury is no longer worn. It’s scheduled. The modern affluent parent isn’t showing off with a Rolex.....they’re flexing through weekend fencing tournaments, bilingual tutoring, and elite chess camps. We’re witnessing the rise of child-focused conspicuous consumption. And the numbers are massive: According to the Brookings
theses
One of the most underutilised value creation strategies in PE right now. Buy the education platform. Buy the service companies. Place the grads. Repeat. Think about it: if you’re investing in HVAC, plumbing, electrical, auto repair....any business reliant on skilled labour.....then you already know the bottleneck isn’
theses
America’s housing crisis isn’t creeping up on us. It’s already here and the math doesn’t work. Home prices are up 40% in four years. Mortgage rates have doubled. And nearly half of renters now spend over 30% of their income on housing. Meanwhile, the country is
theses
Most people still treat divorce like a one-off legal event. But it’s not. It’s an industry. A massive one. And it’s ripe for a platform play. $50B+ is spent every year in the US alone across legal fees, mediation, financial restructuring, therapy, custody planning, moving house, selling
theses
Not another subscription treat box. Not another tele-vet point solution. A true platform, vertically integrated, brand-led, and built around the modern pet parent. Vet tech. Grooming. Supplements. Home delivery. Bundled into one membership, one app, one trusted brand. 1. Pet ownership is booming, but the experience is broken. There are
theses
The aesthetics industry loves talking about location like it’s gospel. “Affluent ZIP code.” “High visibility.” “Street-front retail.” However, the best med spa location might be someone else’s. Here’s the 3x thesis behind why hotel and gym partnerships on a rev-share model are one of the most overlooked
theses
Buying a home services business? Still a smart play. You get: – Non-discretionary demand – Fragmented competition – Predictable cash flows – And plenty of exit paths (especially if you stack a few trades together) But here’s a better question PE firms should ask: What if instead of owning a service company... you
theses
Morbid margins, minimal tech, and a $100B generational wealth transfer. The funeral industry is one of the last remaining consumer sectors untouched by modern technology. It’s awkward, analog, and full of friction. And that’s exactly what makes it interesting. Let’s start with the basics: the average cost
theses
Everyone’s chasing the next vertical SaaS winner in finance, healthcare, or HR. Meanwhile, the trades are quietly becoming one of the best software rollup opportunities out there. What I call “Blue-Collar SaaS”.........job schedulers, quoting tools, dispatch systems, customer communications platforms, CRMs for trades. Plumbing, HVAC, electrical, roofing, landscaping,
theses
Take Pinnacle Home Services, backed by Trivest. They’ve been rolling up HVAC, plumbing, and electrical companies across the Southeast, and doing something smart that most folks miss: They centralized marketing. Instead of letting each acquired business keep its old-school mix of direct mail, print, and the occasional Facebook boost,