CEO Lipman critiques public-company roll-up model for HVAC

Howard Lipman, CEO of Indoor Comfort Group USA, argues that publicly traded HVAC consolidators face pressure from quarterly earnings cycles that conflict with the longer business cycles of contracting. He advocates for a privately held, long-term approach to contractor roll-ups.

“Lipman has watched the entry of the four consolidated contractors on the New York Stock Exchange, noting that success for publicly traded companies depends on the relentless pressure of meeting quarterly earnings projections, rather than long-term growth.”

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