PE Raises HVAC Business Valuation Multiples

The author explains that private equity has driven up EBITDA multiples for HVAC businesses from around 4X to 8X-10X, significantly increasing the net proceeds for selling contractors and enabling them to live comfortably post-exit.

“All that’s changed with private equity. It’s not unusual for that same company to sell for a 8X to 10X multiple.”

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