Consolidation trend Nov 2024 Verified
Surge of PE acquisitions across skilled trades (HVAC, plumbing, electrical)
Opinion piece by ServeCentric Coaching founder Frank Favaro describes an undeniable surge of private equity acquisitions in the skilled trades, driven by recession-resistant essential-services revenue, climate retrofits, data-center cooling demand, and the labor shortage.
“The surge of private equity acquisitions in the skilled trades was undeniable, but understanding the why required digging into factors that weren’t immediately obvious.”
ElectricalHVACPlumbing Sentiment: Mixed
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