PE rotating out of HVAC toward roofing and other trades

Business broker Patrick Lange says PE firms that pursued HVAC for years are now mass-emailing brokers about roofing and other industries, reflecting PE's design to rotate sectors every three to five years.

“those same private equity companies that were calling me about heating and air for the last three years are now sending me emails (mass emails that they send every broker they can find) that say, “We love roofing, roofing is a great industry,””

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.