Articles Tagged with ''private equity firm''

Measuring the success of the current wave of HVACR consolidation is difficult, as the answer depends on who you ask. Let's look at it from the perspective of the private equity industry.

Matt Michel discusses private equity consolidation, an upcoming Service Roundtable Event, and supply chain delays.

When private equity professionals look at HVAC contractors, they see a field ripe for consolidation.

CoolSys™ was acquired by a fund managed by the private equity group of Ares Management Corp.

In the 1990s, consolidation swept across the HVAC industry. Contractors were rolled up into large publicly traded companies like American Residential Services, Group Maintenance America Corp., Service Experts, and the utility-owned Blue Dot.

The HVAC industry, and in particular the replacement sector, is attractive to private equity investors because of its exposure to a large base of installed equipment that requires regular service and, ultimately, replacement. The critical nature of HVAC equipment for ensuring comfort means that customers tend to place the most emphasis on service responsiveness and equipment quality, in addition to price and other considerations.