As technology continues to prove itself an impetus for a changing and growing world, industries across all sectors are adapting and redefining how they do business. From asking Alexa to change the temperature in a room to ordering groceries through voice command, the way we live with technology is evolving every day. The commercial building automation market is no different — HVAC business owners who are embracing the changing needs of their users and leveraging the power of data are strategically winning as they create value for their customers (building owners, property managers), for end-users (tenants), and for themselves.
Whether you are thinking about exploring strategic alternatives for your business or simply want to take it to the next level, private equity investors and strategic buyers are looking for tech-enabled companies — companies that adapt to their consumers’ needs and prosper as a full-service, integrated, and innovative organization. We have seen industry consolidators rapidly expand their controls businesses to further embed themselves in their customers’ HVAC-related workflow and take ownership of the entire relationship, bringing greater interest from investors and increased valuation.