Hosts say HVAC/plumbing acquisition market is at fever pitch with PE overbidding

Two home-service operators describe the 2025 acquisition market as still very hot, with high multiples and private equity overpaying for even low-quality companies.

“This market is still hot. Super hot. Yeah. It will be interesting. We have not been looking at all. I'm not even really trying to look for deals. It will be interesting to see in the next like two years. I feel like it's hitting fever pitch”

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