Market commentary Jan 2024 Verified
Record Dry Powder and Aging Owners Fuel M&A
A record $1.2 trillion in private equity dry powder combined with an aging generation of Baby Boomer business owners looking to retire is creating a market primed for increased home services acquisitions.
“At the start of 2024, global buyout firms were sitting on a record $1.2 trillion in “dry powder”–money ready to be invested. Couple this with an aging generation of Baby Boomer business owners looking to retire and therefore potentially sell their companies to investors, and you’ve got a market that’s primed for action.”
ElectricalHVACPlumbing Sentiment: Positive
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