186 US HVAC M&A transactions in 2022, near 2021 peak

An investment banker at The DAK Group reports 186 HVAC-company transactions in the US in 2022, just short of 2021's 198 deals and up sharply from 133 in 2020, indicating sustained roll-up/consolidation activity in HVAC.

“Last year saw 186 transactions involving HVAC companies in the U.S., just a few short of the 198 deals reported in 2021, according to Kevin Wilson, a principal at The DAK Group who often works with people looking to sell HVAC businesses. By comparison, there were 133 HVAC business deals in 2020, Wilson said.”

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