85% of businesses for sale will never be listed publicly. In Quebec alone, out of roughly 50,000 businesses concerned by ownership transition, that means around 42,500 companies may remain invisible through traditional deal-sourcing channels. Why? Because publicly announcing that a business is for sale can immediately create risk: employees, customers, suppliers, competitors, and lenders may react before a transaction is even seriously underway. In many cases, confidentiality is not optional — it directly protects value. This is one of the biggest challenges for searchers, buyers, and advisors: the most interesting opportunities are often not on the market. At Hadaly, we recently launched an alpha version of Hadaly Recherche d’entreprise. We analyzed more than 100,000 businesses using public data points such as company size, sector, estimated growth, estimated owner age, and other indicators to identify businesses that may be relevant for ownership transition in the next five years. The result: 5,000 selected businesses displayed on an interactive map. The tool is free and available here: redacted Important expectation setting: this is still an alpha version. The goal is not to replace proper sourcing, outreach, or due diligence, but to give searchers and advisors a better starting point to identify off-market opportunities. Hadaly is a financial intelligence platform that helps business owners, acquirers, and advisors analyze, value, and prepare business transfers. Using AI and financial data, Hadaly automates valuation reports, data rooms, CIMs, and sourcing tools to support acquisition and exit decisions. Would love to hear feedback from the Searchfunder community. redacted