The HVAC business has seen a flurry of consolidation this year among suppliers, distributors, and especially contractors. A number of factors are driving this activity, and experts expect it to continue through at least the rest of the year. For contractors looking to either expand or sell their businesses, it’s crucial to understand the different types of finance available and the different types of buyers in the market.
Green Dot Heating and Air Conditioning is a buyer. The Wilmington, North Carolina-based firm has acquired six area firms since October. Co-owner Chris Jones said Green Dot uses cash for all its deals and targets contractors doing $1 million to $5 million of business.