PE pressure on contractors and predicted consolidation/failures

Forecast that PE-owned HVAC firms will face intensifying pressure as founders depart, some funds will sell to bigger better-financed firms or fail outright, and private equity will begin consolidating.

“With the need to refinance debt at higher interest rates, some private equity funds will seek an off-camp and sell to bigger, better financed firms. Others might fail outright. Private equity will begin consolidating.”

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