Rapid PE consolidation of HVAC contractors into conglomerates

Investment firms have been rapidly acquiring HVAC contracting companies and merging them into large conglomerates, often retaining the acquired brands so the consolidation is invisible to homeowners.

“The biggest story in the business of heat pumps might be the rapid pace of private equity consolidation. Over the past few years, investment firms have been sucking up HVAC contracting companies and merging them into large conglomerates.”

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