Buy & Build
Nordomatic Hits Over $300M Revenue After 2025 Buying Spree
September 28th, 2026Albireo Energy Reports 13% Service Revenue Growth & PASCO Deal
July 13th, 2026
Sign In Solutions Completes 8th Deal to Strengthen Visitor Management Portfolio
This Research Note examines the buy-and-build strategy of PSG-backed Sign In Solutions, updating our previous coverage of the company in April 2024. We highlight the latest acquisition before assessing their buy-and-build strategy since 2021. The Receptionist Acquisition In January 2026, Sign In Solutions acquired its 8th acquisition with The Receptionist, adding a Denver-based visitor management […]
Mendole Strengthens Position: Danish Energy Services 2025 IPO
This Research Note examines the IPO of Mendole A/S, a Danish building services company that has recently gone public on the Swedish Spotlight stock exchange. Based on the company presentation, IPO information memorandum, and subsequent press releases, we explore the transaction details, financial highlights, and overall buy-and-build strategy. Transaction Details Mendole has secured 50% of […]
Acquisitions Up, Investment Down: Is there a 2025 Smart Building Startup Reality Check?
Last week’s live stream provided a comprehensive analysis of the smart building startup ecosystem, focusing on investment trends, acquisition activity, and market dynamics for the first half of 2025. The session covered key data insights, market consolidation patterns, and strategic considerations for companies operating in the commercial building technology space. In this research note, you […]
Vitaprotech’s 2025 Consolidation: New 4-Channel Strategy Simplifies Structure
This Research Note examines the strategic reorganization of the French security solutions player, Vitaprotech, following its buy-and-build strategy with 13 acquisitions completed over the last 5 years, the most recent of which was Identiv in April 2024. This article highlights the group`s simplified go-to-market approach based on 4 distinct sales channels. Vitaprotech Group Profile Created in […]
learnd SE Reports Strong 73% Revenue Growth
In this Research Note, we examine learnd SE, a Luxembourg public company operating in the UK and Ireland as a BMS integrator and energy management service provider. We focus on their 2024 financial results, announced on 30th April 2025, 2024 Annual Report, and Annual Results Presentation. This article updates our previous coverage of learnd’s buy-and-build […]
Bemsiq Building Automation Business & 2023 Financials Examined
In this Research Note, we examine the Bemsiq AB business, based on their 2023 financials, investor presentations, annual report of their parent company and the development of their buy and build strategy. For a detailed review of their building automation brands, see our previous article in September 2023. Bemsiq, with headquarters in Gothenburg, Sweden, consists […]
learnd BMS Integration Business & Growth Strategy Examined
learnd, a UK-based BMS integrator, announced two acquisitions in February 2024 – Ashdown Controls in Ireland and BG Energy Solutions in the UK. This Research Note highlights the buy and build strategy of learnd SE, a Luxembourg public company, since the completion of their SPAC listing in January 2023 and their mission to become the […]
Bemsiq Building Automation Business & Financials Examined
In this Research Note, we examine the Bemsiq AB business, based on their 2023 Group Overview, investor presentations, annual report of their parent company and the development of their buy and build strategy. Bemsiq, with headquarters in Gothenburg, Sweden, consists of a group of 7 companies and 511 employees providing building automation field devices including […]