PE entering HVAC and buying up small businesses, paired with AI partnerships

The podcast discusses private equity coming into the HVAC industry and buying up small businesses, alongside news that Anthropic and OpenAI partnered with private equity firms (including Blackstone) intending to buy more service businesses including HVAC and embed AI.

“And then the other is private equity, and the way the private equity is coming into this industry and buying up small businesses. And recently, there was some news announced that I would love to get your take on rolling, which is that Anthropic, one of the big AI companies is partnering with one sort of conglomerate of private equity companies. And then open AI announced a separate partnership or joint venture with Blackstone and some other private equity company. And specifically what they called out in the press release was they want to implement, buy more services businesses, including HVAC businesses”

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