Independent contractor vows to remain unsold as PE buys up sizable HVAC companies

A contractor (Hal Smith of Halco Home Solutions) states most sizable HVAC companies have been bought by private equity and that he refuses repeated acquisition offers, anticipating customers will still seek out privately held firms.

“Almost all of the sizable HVAC companies have been bought up by contractors. private equity and I vowed to be the last man standing. I have no interest. I get 15 calls a week and just no thank you. There's going to be a lot of customers that are going to still seek out that privately held business that's going to do the right thing for them.”

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