Sectors
Every sector we follow
Each sector gathers its breakdowns and every tracked deal in it, so an industry reads as one story: who bought in, when, for how much, and what happened next.
Restaurant franchising
1 breakdown · 12 deals
Who Owns Subway, Dunkin' and Arby's? Inside Roark Capital's Roll-Up
$12.3B disclosed
Coworking real estate
1 breakdown · 7 deals
Why Did WeWork Collapse From a $47 Billion Valuation to Bankruptcy?
$20.5B disclosed
Car wash
1 breakdown · 6 deals
Who Owns America's Car Wash Chains and Why Is Private Equity Buying?
$4.3B disclosed
Video rental
1 breakdown · 6 deals
Why Did Blockbuster Really Fail If It Turned Down Netflix for $50M?
$11.1B disclosed
Convenience stores / fuel retail
0 breakdowns · 6 deals
$68B disclosed
Funeral services
1 breakdown · 5 deals
Why Are Funerals So Expensive, and Who Owns Your Funeral Home?
$1.5B disclosed
Veterinary care
1 breakdown · 5 deals
Why Are Vet Bills So Expensive, and Who Really Owns Your Vet Clinic?
$10.2B disclosed
Real estate brokerage
1 breakdown · 3 deals
Why Are Realtor Commissions So High After the $1 Billion NAR Settlement?
$545.5M disclosed
Coffee chain
1 breakdown · 2 deals
How Does Starbucks Make Money, and Where Does Each Dollar Go?
$4B disclosed
Messaging app
0 breakdowns · 3 deals
$19.1B disclosed
Search advertising
1 breakdown · 2 deals
How does Google make money from free search, and who really pays for it?
AI infrastructure
0 breakdowns · 2 deals
$205B disclosed
Card payments
1 breakdown · 1 deal
How Does Visa Make Money, and Who Really Pays the Hidden Card Fee?
$38B disclosed
Cloud compute
0 breakdowns · 2 deals
$300B disclosed
Coffee
0 breakdowns · 2 deals
Convenience stores
0 breakdowns · 2 deals
Data centers
0 breakdowns · 2 deals
$27.1B disclosed
Fuel retail
1 breakdown · 1 deal
How Do Gas Stations Make Money If They Keep Only About 40 Cents a Gallon?
Truck stops / fuel retail
0 breakdowns · 2 deals
$1.3B disclosed
Warehouse club
1 breakdown · 1 deal
How Does Costco Make Money if Its Grocery Margins Are So Thin?
AI data centers
1 breakdown · 0 deals
Who Is Actually Getting Rich From the $725 Billion AI Boom in 2026?
DVD-by-mail
0 breakdowns · 1 deal
$50M disclosed
Electric utilities
1 breakdown · 0 deals
Why Is My Electric Bill So High When I'm Not Using More Electricity?
Financial history
1 breakdown · 0 deals
What Actually Caused the 1929 Stock Market Crash, and Who Profited?
Messaging apps
1 breakdown · 0 deals
How Does WhatsApp Make Money If Almost Nobody Pays to Use It?
Packaged coffee
0 breakdowns · 1 deal
$7.2B disclosed
Residential real estate
0 breakdowns · 1 deal
$350M disclosed
Restaurants
0 breakdowns · 1 deal
Search distribution
0 breakdowns · 1 deal
$20B disclosed
Search engine
0 breakdowns · 1 deal
$100,000 disclosed