First big HVAC platform exits at ~17x EBITDA

An investment banker describes a large HVAC roll-up platform that became the first to exit, sold for roughly 17 times EBITDA after buying smaller contractors at 6-7x and integrating them.

““Recently, one group was the first big platform to exit. They went for something like 17 times EBITDA (Earnings Before Interest, Taxes, and Amortization),” Zureikat said.”

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