PE consolidation reshaping HVAC national accounts, creating conglomerates alongside mom-and-pops

A Lennox national-accounts leader describes how private equity buying up HVAC companies has changed what a 'national account' means, producing large conglomerates on one end and mom-and-pop shops on the other.

“I mean, it's no secret in the HVAC space, what we call a national account today is very different than, you know, 10, 15, 20 years ago, private equities buying up a lot of companies we're having, you know, it seems like there's, There's really big conglomerates. And then, and then there's the mom and pop shops.”

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