Echoes of failed 1990s HVAC consolidators

Commentary recalls the 1990s wave of HVAC consolidators that failed one after another, expressing cautious skepticism about whether this PE round will succeed where they did not.

“In the ‘90s, we had the consolidators and we all thought the sky was falling. What we learned from that experience, as they failed one after the other, is that it wasn't as easy as they thought it was to get into and thrive in the home services industry.”

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