Home-service trades consolidating at an accelerating pace since 2020

A home-service operator describes that across the residential trades (plumbing, HVAC, electrical), the industry has been consolidating faster and faster since 2020, with more competition and higher prices for larger acquisition targets the further up market a buyer goes. A thematic roll-up signal with no specific company named.

“ever since 2020 most of the home service trades have been getting consolidated at a faster and faster pace. So what that means is the further up market you go, the bigger the business, the more competition that you're going to face when attempting to buy that business. So prices get higher, competition gets steeper.”

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