Smith Services rolls up ~23 struggling HVAC competitors in Florida

Vero Beach, Fla. contractor Smith Services has acquired roughly 23 struggling HVAC businesses over five years, buying up competitors hurt by the economic downturn and using their customer lists to grow. Most targets were sub-$1M 'mom and pop' firms.

“Over the past five years, the contractor has acquired some 23 businesses and is using the customer lists to allow it and its 50 employees to survive in the especially challenging Florida market.”

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