Industry Research & Reports

Long-form sector research from Neo Advisory covering market structure, transaction activity, valuation multiples, and the buyer landscape in the sectors we advise in. Each report is written by people, sourced, and free to read.

Where to start

If you are new to this research, begin with Four Roll-Up Sectors, One Playbook. It synthesizes the four sector reports around a single finding: the premium a consolidated platform commands over a single asset ranges from roughly two turns of EBITDA in car wash to eight in home services, and the size of that gap tracks how far a standalone operator sits from being institutionally investable.

All reports

  • 2026 Residential Home Services Sector Market Overview

    An in-depth analysis of the US residential home services sector — HVAC, plumbing, electrical and roofing — covering the Harvard JCHS remodeling forecast, the multiple gap between founder-owned tuck-ins and professionalized platforms, technician scarcity as the binding constraint on growth, private equity roll-up dynamics, and what determines whether an owner-operator commands a platform valuation or an add-on one.

  • 2026 Car Wash Sector Market Overview

    An in-depth analysis of the U.S. car wash sector covering market sizing, express tunnel unit economics, and the full private equity capital cycle — from a 2022 peak of 211 transactions at 20x EBITDA through the 2024 trough to the 2025 recovery. Includes the Zips Chapter 11 restructuring, the Mister Car Wash take-private, the active buyer landscape, and what separates a platform valuation from a single-site one.

  • Four Roll-Up Sectors, One Playbook: What Car Wash, Collision, Convenience and Home Services M&A Have in Common

    Neo Advisory has published sector analyses of four fragmented, private-equity-backed service markets. This piece sets them side by side. Across car wash, collision repair, convenience and fuel retail, and residential home services, the same arbitrage is available — a business bought as a single asset is worth materially less than the identical business inside a platform. The premium ranges from roughly two turns of EBITDA to eight, and the variation tracks how far a single asset already sits from being institutionally investable.

  • 2026 Gas Station and Convenience Store Sector Market Overview

    An in-depth analysis of the US convenience and fuel retail sector, covering $341 billion in annual in-store sales, the shift of gross profit from fuel to foodservice, 2025 consolidation including the Couche-Tard, Casey's and Sunoco transactions, convenience store cap rates and the opco-propco arbitrage, and what the current 10.1x average transaction multiple means for small chain owners considering a sale.

  • 2026 Collision & Repair Sector Market Overview

    An in-depth 2025 sector analysis of the U.S. collision repair industry, covering a $46.2B market, the landmark Gerber/Joe Hudson's transaction that reshaped the Big Four, record total-loss frequency, tariff-driven parts inflation, ADAS calibration economics, EV repair dynamics, and the M&A outlook for 2026.

Related

Shorter pieces on valuation, deal structure and AI implementation are on the blog, and the full library is indexed on our resources page. Common questions about selling a business are answered in our FAQ.