Private equity drives new wave of HVAC contractor consolidation

ACHR commentary frames HVAC contractor M&A as a repeat of 1990s consolidation, but now led by private equity rather than publicly traded companies, viewed as more disciplined.

“Back in the days of grunge music, it was publicly traded companies that were buying up and consolidating HVAC contractors. These days, it is private equity companies entering the HVAC market.”

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