Leap Partners CEO: bigger HVAC deals in 'hibernation' in 2024

Leap Partners CEO John Cerasuolo said 2024 was a year of hibernation for bigger deals due to interest rates and flat-to-down market conditions, with fewer companies showing the growth needed to sell from strength.

“It's been hibernation, a little bit, this year, for the bigger deals. And that's a combination of factors: interest rates, market conditions … the market just has been flat to down over the last two years, broadly, and so that's a hard time to go out and try to sell a business.”

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