redactedIf you are running a buy-and-build strategy in the lower middle market, this is worth 5 minutes of your time. We published a breakdown of the playbook: why the LMM is structurally the best place to execute it, how to identify a true platform versus an add-on dressed up as one, and how to sequence add-ons without blowing up the foundation you built. The sourcing section is especially relevant for independent sponsors. Proprietary deal flow is not a nice-to-have in this segment. It is the whole game. Full article here: redacted redacted