The HVAC industry has been party to many trends over the last few years, one of which has been the influx of consolidation. Every day, news comes in about the latest acquisitions, and these purchases are not limited to HVAC services. In fact, many contractors seek to expand their service offerings by strategically looking for companies that might offer plumbing or electrical. But are these extra services enough? What else does an HVAC company consider before an acquisition?
According to Rob DiPietro, CEO of Air Pros, the No. 1 inspiration behind purchasing a company is culture fit. He said that more often than not, a deal will not go through if the company cultures are incompatible.