PE views residential HVAC as predictable, recession-proof cash flow

The broker reports private equity has 'taken a strong liking' to residential HVAC because its cash flow is predictable and the businesses are seen as recession proof, drawing capital away from other sectors.

“these businesses have always has been seen as recession proof, now all of a sudden, wow, they are predictable, the cash flow is for residential HVAC, and they've really taken a strong liking to it.”

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