Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up HVAC Companies
Lucas and Luna dive into the private equity consolidation of HVAC (heating, ventilation, and air conditioning) service companies. They focus on the specific case of American Residential Services, which has grown from a single location in Memphis to over 80 branches through a roll-up strategy funded by private equity. The hosts discuss the economics of HVAC service contracts, the role of recurring revenue in buyouts, and how consolidation is changing the experience for homeowners and technicians. They also touch on the broader trend of PE buying up fragmented trades businesses, from plumbing…
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