From the largest private equity players such as Blackstone to some lower mid-market players with just a few hundred million dollars of assets under management, the heating, ventilation and air conditioning (HVAC) market is opening investment opportunities to all.
PE Hub analyzed about 80 residential and commercial HVAC deals that we covered between 2022 and 2024 and learned that demographic shifts, warmer temperatures, an abundance of targets to implement roll-ups and supersized returns are among the factors attracting investors.
