PE 'second bite of the apple' pitch to HVAC owners

The advisory column pitches selling to a PE firm that consolidates multiple businesses as a way for HVAC owners to earn twice via a 'second bite of the apple' on a later sale, reflecting owner-facing sentiment about PE roll-ups.

“If you sell to a private equity (PE) firm that consolidates multiple businesses into one entity, to then sell later, you can get a “second bite of the apple.””

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