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Consolidation trend Jan 2025

More $100M+ trades businesses built in last decade than ever, driven by HVAC run-up

The host argues the recent HVAC run-up created more large ($10M+ and $100M+) trades businesses in the past 10 years than at any prior point in industry history, framing the current consolidation/scale wave.

“More $100 million businesses have been, more than $10 million businesses have been made in the last 10 years than at any other time in the trade's history”
HVAC Sentiment: Positive

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