COVID drove PE toward recession-resistant HVAC three years ago

An advisor described COVID-era uncertainty turning private equity attention to recession-resistant, stable businesses like HVAC about three years ago, calling it 'the perfect storm.'

“It was about three years ago when [private equity](/keywords/8504-private-equity-firm) zeroed in on HVAC contracting. Jacques Zureikat of Houlihan Capital called it “the perfect storm.””

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