Research, commentary, & analysis on M&A in the trades.
News, analysis, and commentary on what's happening across residential and commercial service M&A — written for the people actually running these businesses.
Recent News & Insights
Total Fire Protection adds Victory Fire Protection, opening Pennsylvania as its fifth state
Grand Rapids–based, MRE Capital–backed TFP partners with a 1993-founded Pottstown sprinkler contractor as its ninth location — and stacks security and industrial special-hazard…
Riverside-backed T3 Services Group acquires Element Home Services, densifying the Mountain West with four branches
Austin residential HVAC, plumbing, and electrical platform adds a 2016-founded multi-branch operator across Jackson Hole, Durango, St. George, and Prescott — eight partner…
Roto-Rooter buys its largest franchise territory for $60.6 million.
Chemed’s plumbing subsidiary pays $60.6 million for the largest independent Roto-Rooter franchise — California territories serving about 11 million people and previously doing…
Two Parks–backed Fix-It Group adds AL-DON Heating & Air Conditioning in St. Louis
A 1959-founded St. Louis residential HVAC shop joins the tradesperson-led Fix-It platform as owners Jeff Miller and his wife retire — densifying the metro after the mid-2026…
Guaranteed Roof partners with LB Capital’s EM Exteriors platform to fund Southeast roofing expansion
Metro Atlanta residential and commercial roofer joins Lance Bachmann’s brand-retaining exterior platform as it pushes into Tennessee, North Carolina, and South Carolina — about…
Broad Sky–backed Commonwealth Electrical Technologies acquires Horton Electrical Services, nearly doubling its Northeast workforce
Worcester’s electrical and energy platform folds in a third-generation Connecticut contractor with wastewater, solar, generators, and civil construction. Warren Horton stays on…
Summit Fire & Security acquires Casteel Automatic Fire Protection, stacking Texas sprinkler density under a national FLS platform
SFP Holding’s Summit arm buys a 1979-founded Texas sprinkler contractor across Houston, Amarillo, Austin, and Lubbock. The team stays; detection, alarm, security, and special…
Grove Mountain–backed Team First adds Holloway Plumbing in the Texas Hill Country — its second named Texas partner
An Atlanta-framed residential plumbing platform still early in its 2025 launch densifies Kerrville after Midland’s Halls Rooter & Plumbing, keeping local brands on while it shops…
Kohlberg-backed Loenbro acquires Prism Electric in its largest deal, adding roughly 2,500 employees across Texas and Oklahoma
Westminster’s multi-craft mission-critical contractor folds in a 1994-founded TX/OK electrical specialist — data center, healthcare, industrial, aviation, and commercial — as a…
CID Capital launches a Southwest garage-door platform on Tucson’s Kaiser — and is already hunting add-ons across six states
Indianapolis lower-middle-market PE stands up a residential and commercial overhead-door platform in Arizona while KKR’s reported A1 process, Sterling’s OGD densify, and Galaxy’s…
Titan Trades Alliance adds Semper Fi after Wilson — two splashy regional partners and aggressive pace barely a month after launch
The Guild Garage Group founders’ residential trades alliance lists Wilson (Stow, OH) and Semper Fi (Mesa, AZ) as partner brands, now claiming 7 markets and 700+ employees —…
Sterling-backed OGD Overhead Garage Door closes three add-ons — Madisonville, Hall’s, and Compaan — and pushes toward 70 metros
The Fort Worth residential and commercial garage-door platform, held in Sterling’s Foundation Fund since July 2024, is densifying Midwest and Mid-Atlantic markets and extending…
Fire Protection Team acquires Brake Fire Protection, densifying Right Angle’s Connecticut FLS platform
Cheshire-based FPT, a Right Angle Partners portfolio company, adds a multigenerational Trumbull sprinkler contractor. Jim Brake stays on day-to-day customer relationships and…
Peterson Partners closes $510M continuation vehicle for Kelso Industries, with NorthSands Capital as sole lead
Single-asset CV for the Draper, Utah MEP platform. Fund X stays in with a roll and add-on; NorthSands commits more than $450M of new capital for acquisitions, people, and markets…
More PE-backed HVAC, plumbing, and electrical platforms are headed to market
Expect an active 12–18 months of platform-level exits in residential multi-trade. Homepros’s report that General Atlantic–backed Flint Group has launched an early-stage sale…
Apollo-backed State Group acquires Evansville’s MelKay, adding a 75-year Tri-State MEP contractor with more than 400 union tradesmen
Franklin, Tennessee’s industrial multi-trade platform takes Mel-Kay Electric into southern Indiana, western Kentucky, and southern Illinois — preferred-vendor work for Toyota…
Galaxy Service Partners partners with Wisconsin’s Central Door Solutions — its 10th acquisition since launching in 2025
Commercial door, gate, and access consolidator adds a Plover/New Berlin dock-and-door operator that recently acquired Fox Valley Overhead Door — Galaxy’s fourth partnership of…
LB Capital launches EM Exteriors — an operator-built roofing platform aiming for a shared exit
Blue Bell, Pennsylvania’s LB Capital has stood up EM Exteriors as a brand-retaining exterior home-services platform that, by the company’s count, already ties together 15 roofing…
KKR to acquire A1 Garage Door Service for about $2 billion, Reuters reports
Sources say KKR has agreed to buy the Phoenix residential garage-door platform Tommy Mello built, about three and a half years after a Cortec Group recap whose terms were never…
Limbach acquires Wisconsin’s 1901 Inc. for $63 million, implying about 5.7x expected 2027 adjusted EBITDA
Nasdaq-listed Limbach Holdings bought a 125-year Madison union MEP contractor for $63 million, plus up to $6 million of performance earnouts, and disclosed expected 2027…
Hidden Harbor Capital Partners acquires Escape Fire Protection as a new Midwest fire-and-life-safety platform
The Boca Raton firm is using Fund III to stand up a Minnesota-based fire sprinkler and inspection contractor as a platform, with management staying in and add-on acquisitions…
Dansons Capital, Accrual Equity and Hydro Construction acquire Shasta Pools to launch a national home-services brand
A 60-year Phoenix pool company is recapitalized by a grill-family office, an auto-repair PE firm, and a commercial pool contractor. The asset they are underwriting is the customer…
Royalty Roofing USA acquires Tingley Roofing, its fourth acquisition of 2026
The Six Pillars Partners-backed Indiana platform adds an east-central Illinois commercial and residential contractor sitting close to its home market — five brands added across…
MARS Energy Group acquires Citadel Roofing & Solar, adding more than 1,000 employees in its 11th deal
An energy infrastructure holding company — not a roofing platform — buys one of Northern California’s largest residential new construction roofing and solar contractors, in one of…
Presidential Heating & Air Conditioning acquires Shipley and folds it into the brand, adding plumbing across Montgomery County
The Gaithersburg, Maryland business — part of the Gryphon-backed Southern Home Services network — absorbs a local plumbing, heating, and cooling company and retires its name. A…
Quad-C-backed Flow Service Partners acquires Altman Air Conditioning, building commercial HVAC density on Florida’s east coast
The Nashville-area HVACR and plumbing platform adds a Lake Park mechanical contractor founded in 1985 — a second Florida commercial brand that sits opposite its existing Gulf…
Cool Roofs acquires CoBros Roofing and retires the brand into its Houston operation
The Austin-based roofing company folds a Houston contractor into its existing Cool Roofs – Houston banner, extending coverage across Harris, Fort Bend, and Montgomery counties. A…
Osceola-backed Valor Exterior Partners acquires Dick’s Roof Repair, extending its Great Lakes footprint into Wisconsin and northern Illinois
The Cincinnati-based exterior home services platform adds a second-generation Wisconsin roofing and siding company founded in 1957 — its tenth acquisition in under two years, and…
Balance Point invests in Allied Roofing Partners, backing a two-year-old residential roofing platform already operating across 17 states
The Westport, Connecticut alternative investment manager committed flexible capital to a residential roofing and exterior services group founded in 2024 that has partnered with…
Jackson Mechanical and Streets merge to form Jackson Streets MEP Contractors, Oklahoma’s largest union-staffed mechanical contractor
Two Oklahoma City firms founded in 1957 and 1960 have combined into a single multi-trade contractor carrying more than 250 union technicians and staff. No sponsor, no platform, no…
Kelso Industries adds three contractors in Alabama, Wyoming, and Washington, pushing its MEP platform further into industrial and infrastructure work
A 1958-founded diversified contractor in rural west Alabama, an industrial electrical specialist in Wyoming’s Powder River Basin, and a Spokane heavy civil builder organized…
SAS Service Partners acquires ProCure Heating & Air and retires the brand into Austin Air Conditioning
The Storr Group-backed Sun Belt platform folds a Buda, Texas company founded in 2024 into the legacy Central Texas brand it acquired to launch the platform — adding density along…
Airo Mechanical acquires Legrande’s Enterprises, entering Myrtle Beach in its first deal under CCMP Growth
The Mooresville, North Carolina-based multifamily and light commercial HVAC and plumbing installer adds a Myrtle Beach specialty contractor founded in 2009 — deepening its…
John Wilson and the Guild Garage Group founders launch Titan Trades Alliance, bringing a proven buy-and-build playbook to the residential trades
599 Holdings has formed Titan Trades Alliance with third-generation Wilson Plumbing & Heating as its founding partner company. The team behind it built Guild Garage Group into a…
Norlee Group acquires Vintage Electric, extending its Florida platform into the North Central market
The Heartwood-backed electrical platform adds a Gainesville-area contractor in its seventh add-on since October 2024, filling in the gap between its Jacksonville base and its…
Champions Group acquires Southern California’s Powell Electric, deepening electrical capability in its home market
The Blackstone-backed residential services platform has acquired a Southern California electrical contractor founded in 1971 — its first announced acquisition since February’s…
Corbel Capital and Sea Pine Equity invest in Executive Exteriors, backing a founder-led Dallas–Fort Worth specialty roofing platform
The 2018-founded specialty roofing and exterior restoration firm keeps founder Drake Gordon as Chairman and Chief Executive Officer with a significant retained stake, with capital…
Service Logic acquires California building automation contractor L&H Airco, deepening its controls business in the West
The Charlotte-based platform — 155 locations, 61 operating companies, and more than 110 acquisitions — adds a Rocklin, California energy management systems contractor serving…
Reliable Services Partners adds Juneau’s All American Home Service, becoming Alaska’s largest residential heating company
The third acquisition under the RSP platform — and the 37th for its Dallas-based parent, SIG Partners — pairs a Southeast Alaska operator with RSP’s Interior and Mat-Su footprint…
Banko Overhead Doors acquires Charleston’s Southeastern Garage Doors, opening its first market outside Florida
Blue Ridge Construction Capital-backed Banko adds a 25-year-old Lowcountry operator with facilities in North Charleston and Bluffton — the platform’s first step beyond Florida…
Royalty Roofing acquires Vermont’s Rodd Roofing, opening a northern New England beachhead for its commercial-and-residential platform
Six Pillars Partners-backed Royalty Roofing adds St. Johnsbury’s Rodd Roofing — a fourth-generation, family-owned contractor serving Vermont and New Hampshire for more than a…
LaunchPad Home Group acquires Top to Bottom Services, extending its mid-Atlantic platform into the D.C. metro
Austin-based, RFE Investment Partners-backed LaunchPad Home Group has acquired Top to Bottom Services, a Montgomery County, Maryland home inspection firm founded in 2004 — a deal…
Leap Partners expands in Tennessee with the acquisition of Cleveland-based Central Heat & Air
Nashville-based, PE-backed home-services platform Leap Partners has acquired Central Heat & Air, a four-decade HVAC provider serving Cleveland and the greater Chattanooga area —…
HighPoint Exterior Home Services partners with Franklin’s Five Points Roofing, extending its Southeast platform into Tennessee
Lake Street Capital Partners-backed HighPoint adds Five Points Roofing, a 15-year-old, family-founded residential re-roofing and insurance-restoration contractor serving the…
Blue Cardinal Home Services acquires Midland’s D&D Home Services, extending its Texas platform into the Permian Basin
Blue Cardinal Home Services has acquired D&D Home Services, a family-owned residential plumbing and HVAC provider that has served Midland and the broader Permian Basin since 1984…
Skybound Service Partners is building a national commercial roofing platform — five partners, four greenfields, and nine markets in its first year
A year after launching with Garnett Station Partners’ backing, Skybound has added three new partner brands and four greenfield branches, reaching nine markets from the Northeast…
Heritage Holdings acquires Airside Technology, adding a Central New York commercial HVAC contractor to its industrial-services platform
Boston-based Heritage Holdings has acquired Airside Technology Corporation — a four-decade-old East Syracuse commercial and industrial HVAC contractor with a union workforce and…
Modigent expands its Central Texas footprint with the acquisition of Waco-based P&E Mechanical
Phoenix-headquartered Modigent — a private equity-backed HVAC, plumbing, and controls platform built from roughly 20 operating companies coast to coast — has acquired P&E…
Advantage Services Group deepens its Colorado platform with the acquisition of Denver’s Doctor Fix-It
Advantage Services Group — the operator-sponsored residential HVAC, plumbing, and electrical platform built by David Williams and backed by his family office MRE Capital — has…
Sylvan Group adds Alabama’s Pettus Plumbing & Piping — and the AI-enabled MEP platform keeps building
A 43-year-old mechanical contractor with 250+ skilled professionals joins a platform backed by E-3 Tech with participation from Andreessen Horowitz. The deal extends Sylvan south…
Redwood Services enters Oklahoma with Tulsa’s Hendrick Heat, Air & Plumbing — its first investment in the state
Hendrick is barely six years old — and grew to 90 teammates and 25,000+ customers in that time. The deal says as much about what private equity consolidators are looking for as it…
MasTec to acquire The Superior Group for ~$1.65 billion — a rare public read on what scaled commercial electrical is worth
A century-old, family-owned electrical contractor is selling to a public strategic at roughly 7x forward EBITDA, with the deal built around data center and mission-critical…
Sila Services enters Western Virginia with Davis Heating and Air Conditioning — and keeps the buy-and-build going
Sila's acquisition of a 78-year-old Roanoke-area operator is a small deal on its own. But it's a useful marker of how a residential HVAC platform keeps compounding acquisitions…
Solvane is building a national restoration platform — anchored by its $50M Evolve acquisition
In a matter of months, Solvane has assembled a multi-brand property-restoration and home-services platform spanning roofing, storm restoration, plumbing, and environmental…
Legacy Service Partners adds Lunsford Air Conditioning & Heating, extending its home-services platform into the Florida Panhandle
Tampa-based Legacy Service Partners has welcomed Lunsford Air Conditioning & Heating — a family- and veteran-owned Milton, Florida operator with more than four decades in…
Friendly Group's Nytech expands into the Denver Metro market with Ultimate Heating, Cooling, Plumbing & Electrical
Nytech Heating, Cooling and Plumbing — a Friendly Group partner serving Colorado's Douglas County for nearly three decades — has added Denver-area operator Ultimate Heating…
Greenwood Industries acquires Diamond Roofing, adding a nearly 80-year-old New York brand
Greenwood Industries has acquired Diamond Roofing, a Central New York roofing company founded in 1947, expanding its footprint in New York and adding the sixth brand to its…
The private equity playbook: rolling up independents into regional platform companies
Across residential and commercial services, the same strategy is playing out in HVAC, plumbing, electrical, roofing, landscaping, and windows & doors: buy a number of strong…
Awani Capital forms a retail-focused residential roofing platform, combining NewHaus and Universal.
Middle-market private equity firm Awani Capital has brought together two California-based residential roofers — NewHaus Construction and Universal Roofing & Construction — to…
Garnett Station-backed FirstRidge adds Weddle & Sons as its eighth roofing brand and names a new CRO
Less than three years after launching, FirstRidge Service Partners has built a network of eight founder-led residential roofing and restoration brands across 11 states. Its newest…
Huron Capital’s Exigent Group enters Columbus with Superior Building Services, its eighth mechanical-services acquisition
The Exigent Group, a commercial mechanical services platform backed by Huron Capital, has acquired Columbus-based Superior Building Services — its eighth acquisition since the…
Gray Capital Group builds a Texas HVAC platform, anchored by Delta Air Conditioning.
Since late 2024, Dallas-based Gray Capital Group has assembled four established Southeast Texas and Dallas–Fort Worth HVAC operators under the Delta Air Conditioning banner —…
Why is private equity flooding into HVAC?
Interest rates are still elevated. Unit volume is well off its 2022 peak. By any textbook reading, this should be a quiet market. Instead, mega-cap private equity is writing some…
Ridgeline Roofing acquires Champaign-based Freedom Roofing & Construction, marking seventh add-on
Ridgeline Roofing & Restoration, the Birmingham-based residential and commercial roofing platform, has acquired Freedom Roofing & Construction — a Central Illinois exteriors…
Truelink Capital invests in Minneapolis-based Horwitz, establishing a new regional MEP services platform
Los Angeles-based private equity firm Truelink Capital has acquired Horwitz, a 108-year-old Minneapolis-based provider of mechanical, electrical, and plumbing services to…
FirstCall Group acquires Bensenville-based Comfort Indoor Solutions, opening its first Chicago-area branch
SkyKnight Capital-backed commercial mechanical services platform FirstCall Group has acquired Comfort Indoor Solutions (CIS), a 48-year-old Bensenville, Illinois-based commercial…
Flint Group adds Indianapolis-based Jake's Heating, Air & Plumbing to its national home services platform.
General Atlantic-backed Flint Group expands into Central Indiana with the acquisition of Jake's Heating, Air & Plumbing — a founder-led HVAC and plumbing operator known for…
Tambr Partners-backed Pressure Point Roofing acquires Eugene's Evergreen Roofing, broadens Pacific Northwest platform
Pressure Point Roofing (“PPR”) — a Pacific Northwest commercial and residential roofing platform backed by Tambr Partners — announced on June 11, 2026 the acquisition of…
Gemspring-backed AMPAM Parks Mechanical acquires Coastal Fire & Integration Systems, adding fire protection and low-voltage to its California MEP platform
AMPAM Parks Mechanical — one of California's largest integrated mechanical, electrical, and plumbing contractors and a portfolio company of Gemspring Capital — announced on June…
Bertram Capital-backed Ridgeline Roofing acquires Fremont Roofing Company, extends platform to Nebraska
Ridgeline Roofing & Restoration, the Birmingham-based residential and commercial roofing platform backed by Bertram Capital, has acquired Fremont Roofing Company — a…
FirstService-owned Roofing Corp of America acquires Schefers Roofing, marking 16th add-on and Kansas City entry
FirstService Corporation (TSX/NASDAQ: FSV) announced on June 10, 2026 that its commercial roofing subsidiary, Roofing Corp of America (“RCA”), has acquired Schefers Roofing of…
Partners Group-backed PremiStar acquires Salt Lake City's MSS, enters Utah and Kelso Industries' home market
PremiStar — the Partners Group-backed commercial HVAC, plumbing, and building automation platform formerly known as Reedy Industries — has acquired Mechanical Service & Systems of…
EMCOR-owned Miller Electric to acquire Daytona's Giles Electric — first add-on since EMCOR's $865M deal
Jacksonville-based Miller Electric Co. has agreed to acquire the assets of Daytona Beach-based Giles Electric Co., its first regional add-on since EMCOR Group acquired Miller for…
Advantage Services Group acquires Priority One Heating & AC, extends Pacific Northwest footprint
Advantage Services Group, the residential HVAC, plumbing, and electrical platform built by David Williams and backed by his family office MRE Capital, has acquired Priority One…
Two Parks Capital-backed Fix-It Group enters Florida with Sergeant's Electric acquisition
Founded in 2017 by CEO George Donaldson, Fix-It Group has scaled from a single Denver HVAC business into a multi-state residential service platform spanning Denver, Dallas…
Liberty Service Partners: 19 brands, one platform, and a Sun Belt-heavy bet on home services consolidation
Liberty Service Partners has assembled a multi-trade residential and commercial services platform spanning HVAC, electrical, plumbing, and generators — concentrated heavily in…
Nations Roof: four acquisitions, forty branches, and a national accounts bet on commercial roofing
Backed by AEA Investors since July 2024, Nations Roof has built a national commercial roofing platform through four strategic acquisitions — expanding from its Southeast base into…
Grizzly MEP: five partners, one year, and a blueprint for commercial MEP consolidation
Backed by Garnett Station Partners, Grizzly MEP launched in May 2025 and has since built a multi-state commercial mechanical, electrical, and plumbing platform through five…
New HVAC & plumbing company launches in Southern California, uniting three Inland Empire brands.
Family Ties Air, Plumbing & Drain brings together AAVCO, MB Air & Plumbing, and First Choice Air & Plumbing under one family-focused brand — retaining local leadership while…
The PE roll-up playbook: three phases every platform goes through — and why it matters for M&A.
USA Hometown went from $0 to $30M+ EBITDA in under four years. Heartwood's Norlee completed its sixth add-on in 20 months. These aren't outliers — they're executing a playbook…
Heartwood-backed Norlee Group acquires Ireland Electric in Georgia.
Norlee Group completes its sixth add-on under Heartwood Partners, adding Ireland Electric Corp. — a full-service commercial and industrial electrical contractor serving the…
M&A Veteran Launches Schryver & Co., an Advisory Firm Built Exclusively for the Trades.
Specialized M&A advisory for HVAC, plumbing, electrical, roofing, windows & doors, and adjacent residential and commercial service businesses navigating an exit or their next…
Hargrove Roofing acquires Method Exteriors, expanding into the New Orleans market.
A Shreveport-based, top-50 national roofing contractor moves into Southeast Louisiana — extending an aggressive multi-state buildout across the Gulf South into one of the region's…
PE-backed NexCore announces acquisition of Air Comfort Systems in Connecticut.
Action Air, a NexCore partner company, has completed a tuck-in of Wallingford-based Air Comfort Systems — deepening density in southern Connecticut and adding a recurring…
PE-backed Juniper Landscaping expands its South Carolina footprint with Hilton Head Landscapes.
Bregal Partners-backed Juniper adds a leading Lowcountry landscape services provider, building on its 2024 entry into the region and deepening density in a high-growth coastal Sun…
Flint Group expands its HVAC platform with the acquisition of Air Around the Clock in Florida.
General Atlantic-backed Flint Group adds a nearly 40-year-old South Florida HVAC, refrigeration, and plumbing provider — deepening its position in one of the country's…
Apex Service Partners is taking a $10 billion minority investment from Apollo at ~20× EBITDA.
One of the highest comps residential HVAC has ever produced. A landmark deal that resets the multiple ceiling for the entire category — and validates the buy-side thesis. The…
Greenwood Industries expands its roofing platform with Gilbert & Becker.
A year after Dunes Point Capital took control of Greenwood, the platform is executing exactly the mandate that deal was built for — adding Boston's historic-roofing specialist and…
$5 million for a $750K EBITDA HVAC company. Here's how PE makes the math work.
On the surface it's ~6.7× and all cash at close — a great outcome for the seller. But once platform synergies land, private equity is effectively entering at ~4.3× on pro forma…
Foundral acquires A. Hattersley & Sons, a 170-year-old mechanical contractor.
McNally Capital-backed Foundral adds Fort Wayne's oldest mechanical contractor to a fast-growing, union-backed platform. The deal is less about revenue than about something far…
Southern Home Services expands into Richmond with Blazer Heating, Air & Plumbing.
Gryphon-backed Southern Home Services makes its first acquisition in the Richmond region — its second in Virginia — picking up a 37-year-old residential HVAC and plumbing brand…
ARS / Rescue Rooter enters Denver with Tipping Hat Plumbing, Heating & Electric.
One of the country's largest residential service networks adds a roughly 80-person Denver operator — notable not just for the geography, but for the timing: ARS is reportedly…
MSouth is taking USA Hometown Experts to market.
The PE-backed residential HVAC platform launched a sale process in late April. At reported $30M+ of EBITDA after just four years of roll-up activity, the question for buyers will…
When PE offers 7× for your HVAC company, that's not all cash at close.
A 7× offer on a residential HVAC platform typically lands as ~50–60% cash at close, ~20–30% rolled equity, and ~10–20% earn-out. The structure matters at least as much as the…
A 15% shift in revenue mix created a $60 million valuation gap.
Two HVAC companies, both at ~$15M EBITDA. One sold for 16x. The other sold for 12x. The only meaningful difference: construction exposure. Here's the math, and why construction…
Residential HVAC M&A comps: $1M to $100M+ EBITDA.
A snapshot of where 2026 residential HVAC transactions are clearing across the EBITDA size spectrum — from sub-scale acquisitions at 7× to the largest platforms at 18.5×.
Redwood Services acquires the Sierra Platform from SE Capital.
The deal brings five regional residential service brands across Las Vegas, Denver, Tucson, and Boise under the Redwood umbrella — and it's the latest example of PE-backed HVAC…
9.5× for a $1M EBITDA plumbing company.
Real-time intel from the seller-side of the market: private equity interest in pure-play residential service is as competitive as it's been in years.
If you're selling a residential service business, make sure it's actually residential.
Private equity heavily discounts the value of residential service businesses with even modest commercial exposure — and walks away entirely above 20%. The economics behind why are…
10 brutal truths about selling your HVAC, plumbing, or electrical company.
The good, the bad, and the ugly of selling to private equity or strategics — from the front-line view of running these processes. Owners who internalize these going in tend to get…
Bed Bath & Beyond is getting into home services.
Following its acquisition of F9 Brands (Cabinets To Go, Lumber Liquidators), BBBY has formally established "Beyond Home Services" as a strategic pillar — and the SEC filing…
There are three M&A playbooks in HVAC. All three are working.
Private equity, independent sponsors, and operators are all making money buying and building in HVAC — at radically different scales, with radically different strategies. Each…
Private equity raised $86 billion in Q1 — its slowest start in a decade.
Global PE fundraising hit just $86B in the first quarter of 2026, per Wall Street Journal reporting. The industry is on pace for its weakest fundraising year in ten. One bright…
Blackstone is in. Goldman is in. ARS is next.
Three of the largest residential HVAC transactions in the past year — at ascending EBITDA scale, all into the hands of large-cap private equity. After sitting out the 2021–22…
The PE playbook for MEP roll-ups is changing.
Public-market MEP specialty contractors are trading at a five-year high, driven largely by data center exposure. For the PE shops running MEP platforms in the private market, that…
Here's why ARS might not get to $3.5 billion.
Private equity-backed HVAC platform American Residential Services is exploring a sale at a reported $3.5B enterprise value. A closer look at process timing, growth assumptions…
HVAC shipments fell 29% in January.
January AHRI data show combined A/C and heat pump shipments down 29% year-over-year — the eighth consecutive month of 20%+ declines. The headline is real. But the comparison base…
Chick-fil-A is getting into home services.
Through subsidiary Red Wagon Ventures, the chicken giant just launched Acrew Home Professionals out of Atlanta. Two weeks after Blackstone paid 18.5x for Champions Group, the…
Blackstone is acquiring Champions Group for $2.5 billion.
The largest residential service M&A deal of the year — and a signal of where institutional capital is taking the sector next.
Browse the Archive
Older articles are organized by month. Browse past coverage below.