Broker: PE rotating from HVAC to roofing, pest control next

HVAC business broker Patrick Lange said the same PE firms that pursued HVAC for years are now mass-emailing brokers about roofing, and predicted they will rotate to pest control and other industries as their three-to-five-year cycle runs out.

“Well, now those same private equity companies that were calling me about heating and air for the last three years are now sending me emails (mass emails that they send every broker they can find) that say, “We love roofing, roofing is a great industry,” and three years from now, it’ll be pest control, and then it'll be, you know, hospitals.”

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