Most-Read in 2023
January 2, 2023
Some of our most-read stories from last year:
👉 Carrier, Trane CEOs speak at Morgan Stanley conference
“Considering cost pressures on R-410A, higher prices from R-454B, and a typical, annual price increase, Carrier’s Dave Gitlin said: “We’re probably looking at about a 15-20% price increase over the next two years attributable to those three elements.”
👉 WEX to buy Payzer for $250 million
“WEX has ~150,000 field service contractor customers (including those in HVAC and Plumbing), giving Payzer — whose product helps contractors manage jobs and improve collections — a big base of contractors to cross-sell into.”
👉 Carrier, Lennox report Q3 earnings
“So we still expect refrigerant prices to go up. And all indications based on conversations with suppliers is that it will. So that will force everybody to do price increases, including us.”
👉 Industry Voices: American Residential Services’ Joseph Hark
[What are some of the biggest developments in the industry?]
“Two policies: the Inflation Reduction Act and the AIM Act. Both can be confusing, so it’s important for contractors to understand the details and how to prepare for them.”
👉 Home service contractors see advertising returns on Yelp
“Advertising revenue from Service Businesses was up double digits year-over-year, driven by 20% growth in the Home Services segment.”
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“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