Market commentary Mar 2024 · Orlando, Florida Verified
Private Equity Interest in HVAC Explained
At a CEO Warrior event, Scott Bohannon and Ryan Sugrue discussed why private equity firms are investing in HVAC contractors, citing the essential nature of the service, industry fragmentation ripe for consolidation, and the desire for stable, maintenance-driven businesses.
“Private equity investors are trying to find stability in a business. They are looking for a demand that will stay steady, and they will try to accelerate it. HVAC is one such business. The second reason is the fragmentation of the industry because private equity likes to consolidate.”
Entities
CEO Warrior · Mentioned Citizens Bank · Mentioned
HVAC Sentiment: Neutral
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