HVAC Deals: July 2024

Recent investment activity from around the industry

Hannah Makarewicz

August 8, 2024

Sila Services expands in New England and acquires Dave’s World (Maine).

Quality Heating, Cooling, Plumbing & Electric acquires Frost Air Services (Oklahoma).

Northwinds Services Group acquires Tyler Heating, Air Conditioning & Refrigeration (Connecticut).

Grasshopper Group, a newly formed company, makes its first acquisition: Hummingbird Heating & Cooling (New York).

The Master Trades Group acquires Freedom Air & Plumbing (Florida).

Gamut Capital is acquiring Airtron Heating & Air Conditioning from NRG Energy (Ohio).

Both companies reported Q1 earnings this week, with their CEOs commenting on A2L sales, R-454B issues, tariffs, and consumer trends

Some contractors have gone all-in on AI in their call centers, while others are holding off

A roundup of snippets from conversations at the company's annual event last week