Three years ago private equity zeroed in on HVAC contracting

Houlihan Capital VP Jacques Zureikat described how COVID uncertainty turned PE toward recession-resistant HVAC, making 2021 and 2022 huge years for HVAC business buyups.

““It was really just the perfect storm,” said Jacques Zureikat, vice president at Houlihan Capital. “The uncertainty from COVID made them turn their attention to more recession-resistant, resilient, stable businesses, and HVAC was perfect — regardless of what the economy looks like, people need heat and a/c in their house.””

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