Fragmented $90B HVAC/plumbing market driving roll-up thesis

Grove Mountain's chairman of Unique articulated the roll-up thesis: a ~$90B HVAC/plumbing home services market dominated by small local operators that PE can consolidate.

““The HVAC and plumbing home services industry generates about $90 billion annually,” said John Koch, chairman of Unique and partner at Grove Mountain. “It is dominated by smaller, local operators. By partnering with like-minded and like-valued owners, which we have been fortunate to do on our first seven deals, we can bring marketing, technology and employee benefits — as examples — to these companies and help them reach the next level while accelerating their growth.””

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