Proprietary M&A Deal Sourcing

The best deals in fragmented markets never hit a broker's desk.

FragFlow sources off-market acquisition opportunities in Europe's most fragmented industries. We find the owners, qualify the fit, and make the introduction.

€2M–€15M

Target EBITDA range

1.48%

Average PE deal conversion rate

15–25%

Lower entry multiples off-market

PE firms are fighting over the same brokered processes

Record dry powder. Commoditized platforms. Inflated seller premiums. The best opportunities are hidden in fragmented sectors where relationships matter more than databases.

01

Platform fatigue

Grata, Axial, SourceScrub send everyone the same leads. Proprietary becomes competitive the moment it hits a platform.

02

US-centric data

Major deal sourcing platforms skew heavily American. European lower-middle-market coverage is thin, especially in fragmented industries.

03

Data without relationships

Owner-operated businesses in fragmented markets don't respond to cold database outreach. They respond to warm, credible introductions.

04

Generational transition

Thousands of European business owners nearing retirement with no succession plan. Most will never engage a broker. The window is now.

How FragFlow Works

Sector-deep origination, not generic lists

We go deep into 2-3 fragmented sectors at a time. Map every relevant company. Qualify the owners. Deliver warm introductions.

01

Map the sector

We identify every company in a fragmented vertical that fits the EBITDA criteria. Building services, healthcare clinics, food distribution, trade services.

02

Qualify the owner

Age, succession status, growth trajectory, appetite for a transaction. We don't send names, we send qualified opportunities with context.

03

Make the introduction

Warm, credible, tailored. The owner knows who you are and why it makes sense before the first meeting. That's the product.

Investment Criteria

Built for the European lower middle market

Fragmented markets, concentrated opportunity.

The European lower-middle-market contains thousands of profitable, owner-operated businesses that will never appear on a deal sourcing platform. They operate in sectors with dozens of regional players and no dominant consolidator. That's where the best buy-and-build opportunities start.

EBITDA Range €2M – €15M
Geography Pan-European
Sectors Fragmented Industries
Deal Type Platform & Add-on
Approach Proprietary Origination

Every conversation compounds. Every "not now" is future deal flow.

The database we build today becomes the moat tomorrow. FragFlow turns fragmented markets into a systematic, proprietary pipeline that gets stronger with every touchpoint.

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