PE firms obsessed with HVAC and plumbing distributors

Private equity firms are aggressively targeting HVAC and plumbing distributors due to massive fragmentation, recurring service demand, and founder-owned businesses ready for exits. The roll-up playbook is working, with 77 deals announced or completed year-to-date in HVAC services alone.

“Why are private equity firms obsessed with HVAC and plumbing distributors right now? The numbers tell the story: 77 deals announced or completed year-to-date in HVAC services alone, with nearly half driven by strategic and PE buyers.”

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