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Industrial Patterns

Industrial PatternsIndustrial PatternsIndustrial Patterns

Reference Editions for US Industrial Diligence

Annual reference editions on how US industry peer sets perform, how they're structured, and where they sit — built for private-equity diligence and mid-market operators.


Every figure traces to a federal source at a stated vintage — independently reproduced before each edition locks, and shipped with a machine-readable data companion.

Three industries

The materials, the systems that move air and water, and the trades that install both — each covered end to end.

Building Materials

Specialty Trade Contractors

Building Materials

Value-added margin distribution across the Building Materials peer set, p10 to p90

Forty-six codes across five segments — Wood, Minerals, Metals, Plastics, and Distribution: roughly 1.7 million workers and $1.2 trillion in receipts. Five operating models under one roof, kept apart rather than averaged.

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HVAC & Plumbing

Specialty Trade Contractors

Building Materials

802 US counties with dense HVAC contractor activity; 229 have no published distributor branch

One industry running two businesses: the contractor trade and the two wholesale channels that supply it — about 107,000 employer firms and 1.5 million workers. The editions keep contractor and distributor side by side, never blended.

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Specialty Trade Contractors

Specialty Trade Contractors

Specialty Trade Contractors

Specialty trade contractors: 393,962 employer firms, 3.66 million workers, $983.9 billion output, 20

The largest, most fragmented layer of US construction: 393,962 employer firms, 3.66 million people, and $983.9 billion of output across 18 trades. Where wage pressure, fragmentation, and roll-up theses actually live.

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Three views of every industry

Each module answers one question from the federal source that measures it best: how it earns, how it's built, where it sits.

Operating Benchmarks

Industry Structure Reference

Industry Structure Reference

Payroll share of output by side: contractors 27.0%, hydronics distributors 6.3%, warm-air distributo

How the industry earns: margin behavior, labor economics, capital efficiency, and operating cost structure — each from the federal source that measures it best, with a current-conditions overlay for the months after the structural year.

annual · $2,950

Industry Structure Reference

Industry Structure Reference

Industry Structure Reference

Employer firms by enterprise size band: 45% under 5 employees, 79% under 20

How the industry is built: ten sections from population and size structure through concentration, entry and exit, geography, and the nonemployer tail — anchored to the 2022 Economic Census.

census-anchored · $3,950

Add-On Density Atlas

Industry Structure Reference

Add-On Density Atlas

County-level establishment density across the United States, bubble map

Where the industry sits: county-level establishment density for every peer-set code, and how that footprint has drifted over the trailing five years.

annual · $2,750

Why Industrial Patterns Exists

Industrial decision-makers are surrounded by information but often lack context. Company financials, market reports, and forecasts are easy to find; what remains hard to answer is whether a result is normal, structural, or unique. Industrial Patterns exists to provide a stable point of reference — not by predicting the future, but by describing the structure, behavior, and patterns that already exist.


Industrial Patterns modules are built for the sale and diligence process — see where industry benchmarks and structural references fit in a buy-and-build strategy in mid-market US industries.


Whether you are an investment banker preparing a CIM for a client, a managing partner who needs industry information to backstop a platform thesis, or an operator who wants to compare your business to a peer group, Industrial Patterns gives you the federally-sourced denominators your process runs on.


Editions are descriptive, federally sourced, distributional where the data allows, and locked at publication. 


Read our promise to the reader →

A Reference, Not a Market Report

Nine Editions. Three Industries. Three Views.

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Industrial Patterns is published by Green Shoot Research, an imprint of Green Shoot Capital Corp. 

Materials are provided for informational and research purposes only and do not constitute investment, legal, tax, accounting, or operational advice.

© 2026 Green Shoot Capital Corp. Calgary, Alberta, Canada. All rights reserved.

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References

Glossary · Sources · NAICS Codes · Industry Reference · PE Diligence · Buy-and-Build

US Building Materials · US HVAC & Plumbing · US Specialty Trade Contractors

Operating Benchmarks · Industry Structure · Add-On Density

Contact · LinkedIn

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