Consolidation trend Oct 2021 · United States (Texas, Southeast, Midwest) Verified
Residential HVAC/plumbing/electrical described as highly fragmented; buy-and-build expansion planned
Southern HVAC's CEO characterizes residential HVAC, plumbing, and electrical services as highly fragmented and aims to expand its leading position across Texas, the Southeast, and Midwest with Gryphon and Right Time support.
““Residential HVAC, plumbing, and electrical services remains a highly fragmented industry, with demand growth being driven as consumers spend more time in their homes,” said Benak. “We aim to expand our position as the leading residential services provider across Texas, the Southeastern U.S., and Midwestern U.S. with support from Gryphon, Ian, and Right Time.””
Entities
ElectricalHVACPlumbing
Source: www.achrnews.com
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