PE consolidating HVAC home-service market with raised prices and no value-add

Jim Bergmann offers pointed commentary that private equity firms are consolidating the home-service industry, comparing it to PE roll-ups of veterinary clinics, and argues they raise prices without improving service for technicians or homeowners.

“They're just consolidating stuff. It's like if our industry's broken, I mean, it is. horribly broken. If PE firms came in and they said, you know what? We know how to fix this. And they actually consolidated and fixed it. It'd be great. But look at what they've done to veterinary clinics.”

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