Market commentary Oct 2025 · US Verified
Tariffs not deterring PE HVAC acquisitions
While tariffs pressure HVAC equipment manufacturers who import parts, HVAC service providers have mostly been spared, and tariffs have not prevented private equity firms from making acquisitions in the HVAC space because much of the industry is domestic.
“"Tariffs have not really prevented private equity firms from making acquisitions in the HVAC space, and it is because a lot of the HVAC world is domestic in nature," Sinesi said.”
HVAC Sentiment: Positive
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