Reading Room

ADT Q3 2026 results; guidance withdrawn pending the Thrive transaction.

Target company press release announcing the definitive agreement.

Acquirer statement on the ADT agreement; source of the ">75 businesses" figure.

Trade-press report on Baldwin's preliminary Q3 figures.

Report on Beacon Holdings' acquisition of Ganaz, citing the founder's post.

Italian business daily report on the redundancy procedure.

Definitive agreement at approximately $7.7 billion enterprise value: about $4.6 billion equity purchase price and $3.1 billion net debt. Expected close Q1 2027.

Reports the Sequence–DFO agreement.

Announces the Baldwin agreement and welcomes DFO and Affinity Partners as Sequence partners. An author comment points to engineering and deployment hiring.

Explains refounding scaled service businesses with engineers, operators, patient ownership, and Atlas. Reports BankSouth loan-stage and turnaround improvements.

Announces an October 10 London event with Anthropic, ElevenLabs, General Catalyst, and EQT as partners; challenges focus on messy operating cases and escalation.

Profiles RRBB practitioners including Rob Quick, Dave Roth, and Susan DiPaolo. Recounts a prior software initiative that failed because document-scanning work was not adopted.

Reports over $2 billion in new capital at a $12 billion valuation, over $3 billion raised since inception, and more than 70 businesses. Announces expansion into built-environment services.

Announces a $35 million Series B led by The General Partnership and Allen Shim joining as president/CFO. Describes a permanent holdco with embedded technologists.

Links earlier venture-buyout and growth-buyout terminology to current roll-up activity and presents AGI as a newer example.

Reports nearly $70 million committed equity, a first closed acquisition, and work with ten agencies before acquisition. Describes a specialty brokerage growth platform.

Episode page highlights trust, permanent capital, the acquisition machine, and the operating platform. Includes useful chapter timestamps.

Describes permanent ownership alongside a central operating platform, engineering help, and local company continuity.

Headline reports a $225 million round; visible text describes permanent ownership and more than 30 acquisitions.

Argues that relationships and professional judgment become more valuable as routine work gets cheaper. Makes permanent ownership, practitioner ownership, and organizational change central.

Confirms the rename and continuity of the accounting platform. Describes local ownership, branding, leadership, and the Tax AI initiative.

Describes a practitioner-feedback and evaluation loop for Tax AI. Reports a 7,000-return pilot, roughly one-third less preparation time, and about 50% greater throughput.

Announced May 20, 2026, from Jacksonville. FIS announced that BankSouth, a $1.6 billion-asset community bank based at Lake Oconee, Georgia, selected the FIS core banking platform to power its retail and business banking lines. The bank framed the conversion as part of a broader data and technology strategy. The selection followed BankSouth's March 2026 announcement of a strategic partnership with Sequence Holdings, the permanent holding company deploying engineers and AI tooling into the bank's operations, and coverage connected the two moves as parts of the same modernization effort.