Consolidation trend Jul 2025
PE buying mom-and-pop HVAC firms to build large conglomerates
The column describes private equity investors entering the HVAC/R trade to purchase small mom-and-pop install and service companies and ultimately create large conglomerate-type outfits.
“The issue of private equity investors coming into the HVAC/R trade to purchase small “mom and pop” install and service companies and ultimately creating large conglomerate type outfits was brought up in reply to a recent LinkedIn post of mine.”
HVACRefrigeration
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.