819 HVAC companies received over $10B in M&A investment (Pitchbook)

The column cites Pitchbook data that 819 HVAC companies have received over $10B in M&A investment, framing the competitive pressure on independent owners from PE-backed competitors.

“Per Pitchbook, 819 HVAC companies have received over $10B in M&A investment. You’ll now have to compete with the deep pockets of their partners to retain your market share.”

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