Trades Transparency

Private equity is steadily rolling up the trades.

Investment firms are buying up heating-and-cooling contractors and folding them into national platforms. This is a public, independent record of who owns whom: the sponsors, the platforms, and the deals that built them. Structural facts are verified against independent sources; dollar figures we can't confirm are marked reported.

892

Service companies

191

Verified deals

Counts cover service-contractor roll-ups in our record: a floor on the real scale, not a census. How we count →

Where the rollups are

All companies →

Where the consolidation is landing: companies in our record by the US state of their headquarters. The South and the large Sun Belt metros carry the most activity.

1. Texas 95
2. Florida 85
3. California 69
4. Ohio 51
5. Georgia 44
6. Illinois 43
7. New York 42
8. Pennsylvania 42
9. Michigan 39
10. Tennessee 35

1–4 5–14 15–39 40–79 80+ no recorded companies

All companies in the record. Of the 2,950 published companies, 1,018 (35%) have a recorded US HQ state. A density map, not a market-concentration measure. 703 US companies have no recorded state, 836 have no recorded country, and 133 Canadian plus 260 international HQs are not shown.