Luis Reyes, Managing Partner at Iberian Ventures, dives into the booming fire protection sector in Spain, explaining why it's ripe for consolidation. He reveals the benefits of rolling up smaller operations and securing acquisitions below private equity standards. The conversation touches on the unique regional dynamics, challenges in scaling, and labor supply issues in this highly specialized field. Luis shares insights on networking opportunities and the crucial role of localized customer engagement in driving success in the market.