100+ Serial Acquirers From Around the World

The ultimate hunting ground for potential multibaggers - completely free

Serial acquirers are, in my view, among the most reliable compounding machines in public markets.

The playbook is simple: buy small businesses at 4–7x EBITDA, integrate them, extract synergies, repeat. Do this for decades with disciplined capital allocation, and the results speak for themselves.

Constellation Software turned $25 million into $100 billion using exactly this model.

Lifco, Judges Scientific, Addtech, and dozens of others have delivered 20%+ annual returns for shareholders over extended periods.

The pattern works because it’s boring.

No moonshots. No revolutionary technology. Just methodical value creation through disciplined M&A.

What This List Represents

Below is a comprehensive index of 100+ serial acquirers from across the globe.

This is a community resource - built primarily by me, with contributions from subscribers and fellow investors.

A few of these companies already feature in our Multibagger Index as active thesis positions. The full analysis on those specific names remains available exclusively for paid subscribers.

But the list itself?

Completely free.

This Is a Living Document

This list is not final.

If you believe a company should be added or removed, comment below and we’ll update accordingly.

This is a community project. Your input makes it better.

If you found this post useful: Please take a moment to like and restack this post.

It helps the list reach more investors who might benefit from it. It also encourages us to create more free resources like this in the future.

Community research works when the community participates.

Thank you for being part of this.

---

Thanks for reading and have a great rest of your day,

Nico

---

Disclaimer: The Content does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Nothing in this newsletter should be construed as a personal recommendation or advice to buy, sell, or hold any investment or security. All Content is provided for general informational purposes only and should not be relied upon for making investment decisions. You should not make any investment decision based solely on the Content without first consulting with qualified financial advisors, conducting your own research, and considering your individual financial circumstances, investment objectives, and risk tolerance. To read our full disclaimer, click here.