PE Buy-and-Build Strategies Drive HVAC Add-On Surge

Buy-and-build strategies are fueling a significant increase in private equity add-on acquisitions in the HVAC services industry. Global PE add-on transactions targeting HVAC service providers rose 88% year-over-year through June 9, with PE firms and platforms accounting for 39 of the 77 HVAC M&A deals recorded.

“Buy-and-build strategies are driving a flurry of private equity add-on acquisitions targeting heating, ventilation and air conditioning businesses.”

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