Buy-and-Build in the UK Mid‑Market
Repeat acquirers, sector momentum and the next phase of consolidation
Contents

Foreword
The UK mid‑market is traditionally a fertile ground for the roll-out and execution for buy-and-build, strategic growth, market consolidation and other iterations of the repeat acquisition strategy...

Overview
The last five years have presented an unusually variable, and consequently challenging at times, environment for UK M&A...

Sectors: Where activity is concentrating
Across the UK mid‑market, repeat acquisition activity appears to continues to cluster in areas where fragmentation, operational complexity and recurring revenue combine to create attractive potential for scalability, positive synergy benefits and/or other consolidation upside...

Artificial Intelligence: the inexorable march
Every business everywhere is currently in the process of assessing the impact on it of AI...

Corporates and Private Equity: same journey, different drivers
Buy‑and‑build remains a core strategy for both corporate and private equity acquirers, but the data and market experience suggest that the way it is executed and the pressures shaping it can differ meaningfully between the two...

Building a repeatable acquisition model
In our experience sustained buy‑and‑build success comes from the deliberate creation of an acquisition strategy that prioritises efficiency, consistency, repeatability and pace...

Horizon scanning: The next phase of mid-market buy-and-build
Looking ahead, three themes are likely to define the next phase of UK mid‑market consolidation...