Since your last review, 42 companies newly meet your acquisition criteria and four watched companies show meaningful operating signals. Three unknowns remain open across your priority targets.
28 entered the thesis universe because of updated employee-scale estimates. 14 were newly identified in the private-company universe. All fall within Western Canada and your stated revenue range.
Commercial fire inspection services now show greater company density in BC and Alberta than previously modelled. The market appears more fragmented than expected.
Additional employment sources raised confidence on scale-based estimates. Nine companies moved from Low to Moderate confidence.
These companies strongly match your operating criteria, but ownership structure and founder dependence remain unresolved — the most material open uncertainty.