PE firms remain interested in HVAC; PE-backed platforms pursuing strategic acquisitions

Investment bankers say private equity remains interested in HVAC and that PE-backed service businesses are making strategic acquisitions of HVAC firms to expand markets or add services, encouraged by their PE owners to keep acquiring.

“Private equity (PE) firms remain interested in HVAC, said Wilson and Ted Polk, managing director at Capstone Partners. Polk said service businesses already backed by PE are looking to make strategic acquisitions of HVAC firms in order to expand their markets or add services.”

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