M&A

HVAC investments flowing to the South, analysis shows

HVAC investments flowing to the South, analysis shows

Between 2022 and 2024, private equity-backed platforms favored the South when making acquisitions, according to a new analysis

Goldman Sachs’ private equity arm to acquire Sila Services

Goldman Sachs’ private equity arm to acquire Sila Services

The deal values the company at about $1.7 billion, or ~17x its 12-month EBITDA of just under $100 million, according to a few people familiar with the matter

Our most-read stories of October

Our most-read stories of October

Q&As, dispatching, private equity, and more

Post Close: “I felt like they left me out here on an island,” says contractor

Post Close: “I felt like they left me out here on an island,” says contractor

Post Close is a monthly series anonymously highlighting the thoughts of HVAC contractors who have sold their businesses to a private-equity-backed platform

Q&A: Multiples, IPOs, and what’s next in HVAC M&A

Q&A: Multiples, IPOs, and what’s next in HVAC M&A

A couple weeks ago, I chatted with Will Schryver, a former investment banker currently putting together his own residential HVAC platform, about all things M&A-land

Zephyr, a new home services roll-up, raises $60 million

Zephyr, a new home services roll-up, raises $60 million

The company expects to cross $100 million in revenue this year and plans to use the capital to fund future acquisitions

ARS, Flint Group, TurnPoint Services CEOs talk operations, state of the HVAC industry

ARS, Flint Group, TurnPoint Services CEOs talk operations, state of the HVAC industry

At ServiceTitan's Pantheon event early this month, the execs joined ServiceTitan's Chief Revenue Officer for a panel discussion

HVAC Deals: September 2024

HVAC Deals: September 2024

Recent investment activity from around the industry

“I don’t think there’s a right or wrong answer,” says contractor about private equity

“I don’t think there’s a right or wrong answer,” says contractor about private equity

Welcome to Post Close, a monthly series anonymously exploring the thoughts of HVAC contractors who have sold their businesses to a private-equity-backed platform

Most-Read: September

Most-Read: September

A roundup of our five most-read stories from September