EBITDA Multiples for HVAC (Residential) Businesses: What the Market Is Paying

For residential heating, ventilation, and air conditioning (HVAC) business owners, the current mergers and acquisitions (M&A) market presents an unprecedented opportunity. Over the past several years, private equity (PE) firms, institutional roll-ups, and large regional strategic buyers have aggressively targeted the home services vertical. Because residential HVAC services are characterized by non-discretionary consumer demand, inelastic […]