HVACR Industry Fragmentation Drives Roll-Up Strategy

Cold Chain Capital's investment thesis highlights the HVACR industry as large, fragmented, and growing at GDP+ rates, with significant margin improvement potential. The firm explicitly welcomes roll-up investments, signaling a consolidation strategy in the sector.

“The firm welcomes investments in companies at all stages of their business cycles, including business growth, transformations, turn-arounds (including negative EBITDA or free cash-flow), carve-outs, and roll-ups.”

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