HVAC School: PE consolidation of mom-and-pop HVAC firms erodes trust

An HVAC School newsletter (Roman Baugh) uses the PepsiCo/Siete buyout as an analogy for PE-backed conglomerates buying family-owned HVAC businesses, arguing they buy the brand's trust and capitalize on it while cutting corners and centralizing back-office functions.

“When large PE-backed conglomerates leverage buyouts on mom-and-pop HVAC businesses, they don’t buy the business model.”

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