Exit Strategy for Retiring HVAC Owners

Retiring HVAC owners without a successor should seek large PE platforms (e.g., doing $250M+) that can tuck in a $10M business, as new PE entrants prefer to retain the owner/operator.

“If you do not and are looking to retire, you should be looking for a big private equity platform that has already acquired a fair amount of HVAC businesses. You are looking for someone who is doing $250 million and can add your $10 million to tuck you into the company.”

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