Consolidation trend Nov 2025 Verified
National HVAC consolidators grew from ~25 in 2019 to over 80
An interview with McCombie Group's David McCombie and Tito Gil cites that the number of national consolidators in the HVAC space grew from around 25 in 2019 to over 80 today, driven by HVAC being recession-resistant, fragmented, and growing.
“In 2019, there were around 25 national consolidators in the space. Today? Over 80.”
Entities
McCombie Group · Advisor
HVAC
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