Higher interest rates dampening HVAC M&A; buyers favor recurring-service revenue

Bankers and a buyer agree higher interest rates have dampened HVAC M&A and banks are more cautious; buyers now prefer companies with steady service/maintenance/repair income over new-construction-dependent firms.

““Companies that are tied to new construction are of less interest right now than those that are focused on pure service, maintenance, and repair,” Polk said.”

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