Squeezing the middle class of this highly fragmented industry will undergo continued consolidation creating fewer, larger players as equity investors continue to make their moves. The question of whether bigger is better will be decided by what that accumulated power is used for. While a cash infusion brings opportunities for rapid growth the debt burden can be cumbersome.

Natural disasters are highly profitable albeit unpredictable, and insurance companies don't typically reimburse restoration companies until the fourth quarter. That timing often produces short-term borrowing for operations

At-home repair services - the "do-it-for-me" services - are the outsourced solution for consumers who don't have time or know-how for common household projects, e.g., tile grouting, HVAC repairs, plumbing jobs, and other handyman tasks.

There is a huge upside to consolidation; there is a lot of money to be made for those companies that dominate the top of the mountain. Companies joining forces may be a means to increase their access to resources, reduce cost of goods, and work jointly to increase their combined footprint in a market.

There's built-in organic growth in the repair and remodel vertical as population and home buying increases. and finding quality companies that drive healthy natural growth the right way is important.

The residential repair, replacement, and maintenance segments are attractive to investors because they are recession resistant. The building envelope is essential for homes and businesses making cash flow in the industry less risky.