By the time a deal is announced, you are already late

PitchBook, the trade press, and your inbox all tell you about transactions after they close. That is history. The signal you actually want shows up weeks earlier, in the public record, when a qualifier license moves, an entity slips into escrow, or a platform quietly adds a brand.

Most of the market cannot see it, because most operators publish nothing online. The paper still moves. We read it every week and hand you the names.

What lands in your inbox every Monday

License migrations

A named license holder, the company they left, the company they surfaced at, and our read on whether it looks like an ownership transition, a team move, or routine churn.

Escrow events

Entities moving into or out of escrow, the earliest public tell that a transaction is being papered.

Platform ownership moves

When a private-equity platform adds a brand or a roll-up absorbs an operator, matched against our ownership database so franchise noise does not fool you.

You get the underlying facts and the reasoning, not just a score.

Built from the record, not the marketing

The Ledger works from primary state license rosters that update weekly and cover every licensed operator, including the majority who publish nothing online. Every signal is cross-checked against the Echelon Database, a proprietary record of more than 300,000 contractors built over years of primary collection. Coverage expands across the country state by state, week by week.

Two reasons to move now

Charter is capped at 25 firms. When the seats are gone, the charter rate is gone. Every firm that joins keeps its locked rate no matter how far coverage expands, and charter subscribers vote on which states come next.

The public window closes August 2. Issues 001 through 004 are the public record, running through July 26. Beginning with Issue 005 on Sunday August 2, the Ledger goes to subscribers only.

The Echelon Deal Ledger is market intelligence built from public records and proprietary data. It is not investment advice. Data sources include public state license rosters, ownership records, and the Echelon Database.

Frequently Asked Questions

How is this different from PitchBook, Grata, or Sourcescrub?

Those platforms report on companies with an online footprint and on deals after they surface. The Ledger works from primary state records that update weekly and cover every licensed operator, including the majority who publish nothing online. It is a pre-announcement signal product, not a company directory, and it costs a fraction of an enterprise data seat.

What exactly does a signal look like?

A named license holder, the company they left, the company they surfaced at, the license status change, and our read on whether the pattern looks like an ownership transition, a team move, or routine churn. You get the underlying facts and the reasoning, not just a score.

Is this investment advice?

No. The Ledger is market intelligence built from public records and proprietary data. It flags activity worth investigating. Diligence, valuation, and deal decisions remain yours.

Can my whole team read it?

Yes. One subscription covers one firm, and internal distribution within that firm is expected. Forwarding outside your organization is not permitted, for the same reason you subscribed: the signal loses value when everyone has it.

What states do you cover, and what is next?

The Ledger currently covers Ohio, Florida, Texas, Kentucky and Tennessee, with more states added to the same Monday brief as their rosters come online. Charter subscribers keep their locked rate no matter how far coverage expands, and they vote on which states come next.

How do I subscribe?

Click the button above and follow it through to Stripe’s secure checkout. It takes about a minute, your charter rate locks the moment you subscribe, and you can cancel anytime from your account. Your first issue arrives the following Monday by email.