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Market commentary Apr 2023

HVAC sale multiples have surged from 2-4x to 10-12x EBITDA

Hosts describe how acquisition multiples for home-service companies have escalated dramatically in recent years, from the once-unheard-of 2x-4x to 10x or 12x, prompting even reluctant owners to consider selling.

“I mean for the past couple of years like there's not a we can get two times even a three times even a four times even and then like oh that's unheard of you're you're not gonna get any higher than that. And it's like 10 times even, 12 times even.”
HVAC

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