Comparison to 1990s HVAC roll-up era

Capstone's managing director compares current PE consolidation to the 1990s roll-up strategies, noting today's acquirers are more surgical and disciplined, having learned from the poorly executed roll-ups of that era.

“the term of art that we would hear at the time was a quote, unquote, roll -up strategy. And roll -up strategies were employed by several companies that ultimately went public.”

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