Home / AI roll-ups worldwide
Who buys service businesses and rebuilds them with AI? This map collects the platforms, capital providers and studios pursuing the model worldwide. Every entry has a source. The map is kept up to date; pointers to missing companies are welcome. Why the model is the best succession solution for Europe is the subject of the essay.
An AI roll-up is an investor that acquires several service businesses in the same sector, combines them into a group and rebuilds the work with AI. This map counts 74 such players in 17 countries: 54 platforms that acquire themselves, 15 capital providers and 5 studios that execute the rebuild. North America accounts for 39 entries, Europe 28, Asia-Pacific 6. Most platforms roll up accounting and tax firms, followed by legal, insurance brokers and property management. As of 10 October 2026, maintained by Daniel Szabo, data as JSON.
The US vehicles arrive with billions and take over finished groups: Long Lake the business travel arm of American Express, Sequence the insurance broker Baldwin. In Europe the platforms buy individual tax firms and property managers for single- to low double-digit millions. That is not a lag, it is a different market: more fragmented, owner-managed, without consolidators. This is where the value is created, not in take-privates.
A third of all platforms roll up tax and accounting firms. The reason is banal: documented processes, licensing, recurring revenue, documents as raw material for the machine. I see the next waves where the same conditions apply and nobody stands yet: property management, insurance brokers, inspection and engineering services, building technology.
Almost every European platform buys from founders who want to sell. Almost none calls it by its name: succession. In Germany, for the first time, more owners plan to close than to hand over. Whoever takes over these businesses and rebuilds the work with AI solves two problems at once. That is where I stand with Generation Tech Partners, and the place is still almost empty.
Daniel Szabo, Hamburg. As of 10 October 2026.
39 entries
AI-native tax filing. Takes over the advisory business of Puzzle. Run by General Catalyst as a Creation roll-up, so far mostly product-driven.
Operates licensed care agencies on an AI operating system (intake, documentation, billing). Buys small agencies for their licenses.
Buys independent agencies and deploys AI-native workflows. Claims over 50 percent higher earnings in ten pilot agencies.
Permanent-hold holding company. Buys over 30 founder-led software firms and rebuilds them on a shared AI operating system.
PE plus VC: Bessemer on board for AI execution. Over ten firm acquisitions since late 2024. Target USD 1.2 to 1.3bn revenue in five years.
Embeds engineers in businesses, replaces ERP and Excel workflows and takes equity stakes. Hybrid of transformation partner and owner.
AI-powered customer service with outcome-based billing. Acquired PartnerHero with 2,800 employees. Claims around 80 percent automation.
Majority stakes in 30 to 50 independent CPA firms, local leadership stays. Tax AI processed 7,000 returns with 31 percent time savings.
Builds design and review software and buys engineering firms instead of selling them software. No acquisition public yet.
Elad Gil's roll-up vehicle for labor-intensive services. No acquisition public yet.
Buys independent agencies and standardizes the back office with AI. Target of 25 agencies in 2026.
Agentic legal AI for in-house teams plus acquisition of alternative legal service providers (Johnson Hana, approx. USD 50m, Jul 2025).
AI-first freight broker buys brokers under USD 30m revenue (seven deals). AI agents source around 40 percent of carriers. Revenue grew from 10m to 90m in three years.
AI-native brokerage platform (GydeOS, assistant Gia). Buys Medicare and benefits agencies. Seven acquisitions by Oct 2026.
Permanent-hold holding company. 35 to 40 acquired service firms run on its own Nexus platform. Calls itself the world's first AI holding company.
Camera-based gateless payment rolled out across the acquired SP Plus parking portfolio. Earliest large case of an AI company buying the operator.
AI-native audit platform plus stakes in CPA firms. First stake in a top-200 firm.
Buys boutique firms, keeps brand and leadership, builds its own AI into operations. Founder Noah Pepper, formerly Stripe.
AI-native wealth manager onboards advisor teams and RIAs (USD 8 to 9bn under management). Affiliation model rather than classic acquisition.
Permanent-hold holding company. Embeds engineers in acquired firms and rebuilds them on its Atlas platform. Baldwin is the first large transaction.
Majority stakes in 9 to 20 MSPs (IronOrbit, BCS365, OneNet Global), AI in service delivery. CEO is a former CIO of Palantir.
AI services platform built by a PE firm: large billing BPO plus two AI companies.
Buys businesses from retiring owners, transfers them to employee ownership and layers fintech and AI tools on top. AI is secondary.
Buys majority stakes in already consolidated service platforms (over 70 businesses). Embeds OpenAI and Thrive engineers to automate them.
AI platform for MSP operations. First acquisition RFA with over 400 financial clients. Pilots report 38 percent of tasks automated.
AI-native platform that brings together planning and construction service firms. Three acquisitions, including buildingworks.
Joe Lonsdale's Silver Tsunami thesis. Seeds holding companies that buy founder-led service firms and rebuild them with AI (Sequence, Metropolis, Arcos Labs).
Co-investor in Current and Carr, Riggs & Ingram. AI automation as upside on PE-style firm deals.
Funds Long Lake, Enam Co. and Brain Co. Thesis: AI lifts service firms' gross margin from around 10 to 40 percent and allows higher purchase prices.
Coined the term AI-enabled roll-up. Co-builds Long Lake, Eudia, Titan, Crescendo, Dwelly, Accrual and Beacon. Targets Rule of 60 on margins.
Says it is doing first AI roll-up deals with a PE partner before launching its own vehicle. No platform named.
Minority partner for buyers of small businesses. Deploys AI tools in the acquired companies.
Runs an explicit AI roll-up strategy, partly with majority stakes in platform start-ups that then acquire (Multiplier, Modus, Eagle, Gyde).
Coined the growth buyout model with little upfront capital. Funds Teamshares and Metropolis. Partner Yoni Rechtman publicly warns against overpriced AI roll-ups.
Permanent capital firm that built Current and launched Shield with Thrive Holdings.
Studio by Elad Gil, Jared Kushner and Eric Wu. Embeds engineers in government agencies and corporates.
AI services vehicle funded by PE firms that transforms portfolio companies. Acquired Casper Studios.
OpenAI's own deployment unit. Buys AI consultancies (Tomoro, Northslope).
Does not acquire itself. Embedded engineering unit that executes AI transformation in Creation and take-private portfolio companies.
28 entries
AI back office for brokers from the wefox founders. Listed as a roll-up, currently software-first, no broker acquisitions found.
AI-native combination of firms on its own platform. First acquisition Studio Eldas (Sep 2026), around EUR 1m ARR.
Buys small vacation rental managers in Germany, Austria and Switzerland (over 30 deals, over 1,000 units). Runs booking, pricing, guest service and accounting on an AI-native platform.
PE-style consolidator of 9 to 11 firms with EUR 35 to 60m revenue, shared data backbone and stated AI focus. AI depth less documented than at German competitors.
AI software for property management plus acquisition of 20 to 25 German property managers with around 80,000 units.
AI-native holding company since June 2026. Preserves acquired firms and layers central AI capabilities on top. Software, not services.
AI-powered advisory firm. Listed as a roll-up, but acquisitions of advisory firms not publicly confirmed yet.
Buys independent UK lettings agencies (17 so far, 15,000 units) and runs them on its own AI operating system. Reports doubled EBITDA margin at full rollout.
Build and Share instead of Buy and Build. Six specialist agencies with over 150 employees and EUR 15m revenue combine to develop AI-native business models.
Licensed AI-native tax advisory firm (Integral Tax GmbH). Acquired payroll provider cleverlohn. AI agents prepare the books, licensed advisors sign off.
Buys primary care practices (target around 20 per year, 20 practices, 120,000 patients). Merges them onto its own patient record with AI agents for intake and documentation.
AI assistant Lawrence handles drafting, research and case files. Acquired Woodstock Legal Services with over 60 lawyers, the first UK law firm owned by an AI platform.
Buys profitable tax advisory firms, keeps the brands and layers its agentic ATLAS platform over DATEV. Four firms, seven offices, around 150 employees in eight months.
AI-native financial services firm for European SMEs. Acquisitions of accounting firms not confirmed, expansion planned for 2027.
Tech-driven outsourcer. Acquired the homeshoring call center Eodom (2024) and the AI assistant Hubware. Combined revenue over EUR 20m.
Buys small Polish accounting firms and rebuilds them with in-house engineering as an AI-native back office. First deal with 96 percent client retention (founder figure).
Calls itself an AI property manager, thousands of units in Berlin, Munich and Hamburg. Job postings for integrating acquired firms point to an acquisition model.
AI agents process invoices, banking, payroll and VAT with human exception handling. Buys Swiss fiduciaries one by one (FiduGest). FINMA fintech license May 2026.
Stocard founders build an AI-native tax advisory firm with its own stack. Over 100 clients per tax expert instead of around 20. Build-first, acquisitions not confirmed.
AI-native tax advisory. First AI roll-up investment by Tenet. Claims over 70 percent less time on routine bookkeeping.
Holding company that onboards or acquires founder-led wealth managers and runs them on ThrivoOS (compliance automation, AI processes). Sources conflict on acquisition versus partnership.
Buys rental management portfolios in provincial capitals (up to four deals in 2026) and runs them on its own AI platform. 3,500 units, target 10,000 by 2027.
First major European PE growth arm to co-lead an AI roll-up round. EQT has run its own AI, Motherbrain, since 2016.
Private equity firm, AI-first and focused exclusively on AI-enabled roll-ups in Europe: acquires owner-managed service companies in succession, combines them into groups in fragmented markets and rebuilds the work with the Task Architect method. Daniel Szabo is Managing Partner.
Search fund investor. Uses AI in sourcing and due diligence and advises operators on AI adoption. Not an AI roll-up in the strict sense.
Nordic VC that explicitly seeks start-ups buying traditional businesses and layering AI on top. No named roll-up yet.
Early-stage fund dedicated to AI roll-ups and AI-native service firms in Europe.
Cohort model with operators (target 100 CEOs, around three companies each). AI in sourcing and due diligence, no AI transformation of the businesses.
6 entries
Serial succession as a permanent holder, 20 companies in ten years. AI not stated as a thesis in reporting, more of a comparison case.
Buys software firms without a successor and deploys AI agents in core operations. Five acquisitions and JPY 2.5bn ARR in the first year.
AI-native advisory firm with its own tool built on eight years of engagement data. Plans eight to ten acquisitions of adjacent firms.
Holding company buys machinery businesses and builds an FA Engineering OS on their design data. Quoting time cut from one week to around one hour.
Partner-and-operator model: buys firms with USD 0.5 to 5m revenue and deploys AI agents. Over USD 25m of deals under review.
1 entries
Method: included are companies that acquire existing service businesses and rebuild their work with AI, plus the capital providers and studios that set up such platforms. Pure software vendors and classic buy-and-build funds without an AI rebuild are left out on purpose. Figures are, unless noted otherwise, statements by the companies or their investors. As of 10 October 2026. Pointers to einhorncapital@gmail.com.
An investor acquires several service businesses in the same sector, combines them into a group and rebuilds the work with AI, instead of only pooling purchasing and overhead. The term comes from the US venture scene; General Catalyst coined it in 2024.
This map lists 28 players in Europe, 22 of them platforms. Few have scaled with hard evidence so far, among them Dwelly in London, Limetax, Buena and Arbio in Berlin, Jutro Medical in Warsaw and Lawhive in London. Many others are build-first companies without confirmed acquisitions.
In the US mainly General Catalyst, Thrive Holdings with OpenAI, Lightspeed, 8VC, Bessemer and Elad Gil. In Europe Tenet in Berlin, EQT Growth, Eurazeo, Motive Partners and Generation Tech Partners in Hamburg, which invests exclusively in AI roll-ups of service businesses in succession.
Because in Germany more owners now plan to close than to hand over, and one buyer for ten businesses solves the problem that ten individual successors cannot. The argument is in the essay AI roll-ups: the best succession solution for Europe.
Every entry has a source. New companies and corrections go by email to Daniel Szabo and are added in the next run. The data is available as JSON.
