Historical reference: 1990s HVAC consolidators failed one after another

Hoover recalls the 1990s consolidator wave in home services, noting they failed one after the other because the industry was harder to thrive in than expected, while predicting the current PE group will likely do better.

“In the ‘90s, we had the consolidators and we all thought the sky was falling. What we learned from that experience, as they failed one after the other, is that it wasn't as easy as they thought it was to get into and thrive in the home services industry.”

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