Higher interest rates dampening HVAC M&A as banks turn cautious

Bankers and a buyer agree higher interest rates have put a damper on HVAC M&A, with lenders being more careful and economic/geopolitical uncertainty weighing on the outlook.

“Haines said higher interest rates have recently put a damper on some M&A activity in HVAC, and Polk and Wilson agreed.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.