PE purchases of HVAC companies slowed by higher interest rates

A distributor executive observed that, from his point of view, private equity firms' purchases of HVAC companies have slowed due to higher interest rates.

“Ron Kinman, president of Charles D. Jones and Co. Inc., in Riverside, Missouri, said that from his point of view, purchases of HVAC companies by private equity firms has slowed because of higher interest rates.”

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