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LSJ Advisory

Buy-and-Build advisory
for private equity investors

We support private equity investors and strategic buyers with their buy-and-build strategy. Whether it’s a new platform or targeted add-on acquisitions: we identify the right companies, provide access to their owners and support the acquisition through to closing. Our focus is on Industrial Tech & Automation and Business Services.

What is Buy-and-Build?

In a buy-and-build strategy, a financial investor first acquires a platform company and then expands it through targeted acquisitions of smaller companies, known as add-ons. Add-ons can bring, for example, new regions, capabilities or a broader service portfolio. The aim is to develop a group of companies that, through size, market coverage and synergies, is worth significantly more than the sum of its parts. Among German mid-sized companies, buy-and-build is particularly common in fragmented markets such as technical services, automation technology and IT services.

The key is finding the right company and starting a conversation with its owners.

Our Buy-and-Build advisory

A successful buy-and-build strategy starts with the right platform. Together with you, we identify companies that are suitable as the basis for a group. We factor in the next acquisitions from the outset: we analyse the consolidation potential so that you can scale quickly after the platform investment. For private equity investors, this is an attractive alternative to competitive auctions for established platforms.

For existing platforms, we look for suitable add-ons, for example for regional expansion, to complement the service offering or to reach new customer groups. To do this, we research the market systematically and approach owners personally and discreetly. We assess every candidate for its strategic fit with your group. This is how we find the right companies for the strategy and build an acquisition pipeline tailored precisely to the defined goals.

From search strategy
to closing

1. Sector and search profile

We analyse sectors and markets for consolidation potential, translate the investment strategy into clear criteria and prioritise candidates, including on the basis of non-public data.

2. Positioning and a clear story

Together, we develop the acquisition story and use it to approach selected owners personally and confidentially.

3. Qualification and valuation

We assess willingness to transact and strategic fit and support you with valuation, structuring and the offer.

4. Transaction and closing

We manage the acquisition process, coordinate the Due Diligence and support the negotiations through to closing.

What sets our Buy-and-Build approach apart

Direct access to mid-sized companies

Our buy-and-build experience has produced a proven search and outreach process. Thorough preparation, the right story and consistent follow-up lead to high response rates and qualified conversations.

Continuity instead of short-term leads

Not every interested entrepreneur is ready to sell straight away. We stay in touch, recognise changes and turn contacts into concrete transaction opportunities step by step.

Opportunities beyond auctions

We don't wait for companies to be officially up for sale. We actively look for companies that fit the strategy. Through direct dialogue with owners, we also find opportunities outside organised sales processes.

Support and transparency. One team.

We see ourselves as an extension of your investment or M&A team. We take care of market analysis, search, outreach and process coordination. Regular alignment meetings and structured reporting mean you always have a clear view of the pipeline, the status of discussions and next steps.

Which company is right for your next stage of growth?

Are you looking for a new platform or suitable add-ons for your
buy-and-build strategy? Let’s talk about your buy-and-build strategy and your acquisition goals.