PE firms favor platform-and-add-on strategy in HVAC

Alberto Sinesi of PKF Investment Banking notes that private equity firms favor buying a cornerstone platform company and building around it through add-on acquisitions, pursuing different geographies, service lines, and end markets.

“"Private equity firms love situations where they can buy a cornerstone company, a platform, and then build around that platform," said Alberto Sinesi, a director at PKF Investment Banking, which is monitoring the frothy HVAC M&A market in the US.”

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.