Podcast: large/PE-backed HVAC firms down 30% year-over-year amid leverage

On a pricing-strategy podcast, the speaker recounts hearing that some large corporate (possibly private-equity) HVAC companies were down 30% year-over-year, warning that over-leveraged operators struggle when downturns come.

“I talked to some people that were part of large corporate companies. I don't know if it's private equity or whatever. But I talked to some of them that were down year over year, 30%. Well, if you don't have any backup with that, how do you, if you're over leveraged, how do you make that happen?”

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