Active PE Platforms and Capital in HVAC Roll-Ups

The 2026 HVAC PE roll-up tracker identifies 18 verified active platforms with disclosed 2024 to 2026 acquisitions, and over $50 billion in committed capital. The Axial marketplace lists 2,405 investors actively seeking HVAC acquisitions, indicating a highly liquid market for quality HVAC businesses.

“The 2026 HVAC PE roll-up tracker identifies 18 verified active platforms with disclosed 2024 to 2026 acquisitions. Beyond Apex, the most active platforms include:”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.