HVAC Deals: May 2024

Recent investment activity from around the industry

Alec Stevanovski

June 10, 2024

Redwood Services adds a 15th partner to its platform — Dean’s Home Services (MN).

Flow Service Partners acquires Dynamic Air Solutions (KY).

Southeast Mechanical enters Florida by acquiring Climate Design Home Services (FL).

Thermal Concepts acquires Atlanta-based 5 Seasons Mechanical (GA).

The potential sales price implies a roughly 15x multiple of the company's near-$100 million EBITDA, according to Reuters

U.S. small businesses would be eligible for up to $10,000 in tax credits for hiring students in career and technical education programs

A House committee on Wednesday advanced several bills that would have downstream impacts on the HVAC industry