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Consolidation trend Mar 2024

Plumbing and HVAC companies experiencing an increase in acquisitions

A trade feature reports rising acquisition activity in plumbing and HVAC, noting both strategic manufacturer/wholesaler deals (Carrier-Viessmann, Oatey-Lansas, GF-Uponor) and growing private equity interest, with advisors saying plumbing and HVAC companies are 'the new target' for PE.

“The plumbing and HVAC industry is going through changes. If you've been paying extra attention, you might have seen that there has been an increasing number of companies that are being acquired.”
HVACPlumbing
Source: Plumbing & HVAC, Mar 2024, p.16 (OCR)

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