Wrench Group CEO sees substantial slowdown in HVAC deals and falling multiples

From a buyer's perspective, Wrench Group CEO Ken Haines reports a substantial slowdown in deals and declining multiples, attributing some of the cooling to higher interest rates.

““We’ve seen substantial slowing down of deals, multiples coming down,” said Ken Haines, CEO of Wrench Group, which has home services businesses — concentrated in HVAC, electrical work, and plumbing — in 25 markets across 14 states.”

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