Alec Stevanovski

Chocolate lover. Self-proclaimed haiku champion.

Jan 7, 2025

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1 min read

Welcome! Please Read

A quick housekeeping note

Alec Stevanovski

Legal

D.C. is changing. What's ahead for the HVAC industry?

Nov 14, 2024

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4 min read

D.C. is changing. What's ahead for the HVAC industry?

Since former President Trump won the election, a sea of changes, several of which will impact the HVAC industry, has been swirling in D.C.

Alec Stevanovski

Technology

ServiceTitan mulling IPO before year-end

Nov 11, 2024

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2 min read

ServiceTitan mulling IPO before year-end

The company has been waiting for "favorable market conditions," according to an investor

Alec Stevanovski

Management

Q&A: The benefits of remote CSRs with AnswerForce

Nov 11, 2024

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5 min read

Q&A: The benefits of remote CSRs with AnswerForce

As a business owner, you’re practically a superhero. But unfortunately, you and your team can’t be awake 24/7

Alec Stevanovski

M&A

Goldman Sachs' private equity arm to acquire Sila Services

Nov 6, 2024

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2 min read

Goldman Sachs' private equity arm to acquire Sila Services

The deal values the company at about $1.7 billion, or ~17x its 12-month EBITDA of just under $100 million, according to a few people familiar with the matter

Alec Stevanovski

Technology

Peterman Brothers betting on technician development, virtual sales in 2025

Nov 4, 2024

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4 min read

Peterman Brothers betting on technician development, virtual sales in 2025

On an hour-long Zoom call, CFO Michael Sullivan and COO Andrew Hasty walked me through the company's key bets for next year

Alec Stevanovski

M&A

Post Close: "I felt like they left me out here on an island," says contractor

Oct 31, 2024

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5 min read

Post Close: "I felt like they left me out here on an island," says contractor

Post Close is a monthly series anonymously highlighting the thoughts of HVAC contractors who have sold their businesses to a private-equity-backed platform

Alec Stevanovski

Technology

Humor and big bucks: Tackling the HVAC industry's labor crunch

Oct 28, 2024

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6 min read

Humor and big bucks: Tackling the HVAC industry's labor crunch

A Q&A with Ruchir Shah, founder of SkillCat, a digital education company that's enrolled over 300,000 students in its skilled trade programs

Alec Stevanovski

Management

Why did ACCA launch a credit card for contractors?

Oct 28, 2024

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3 min read

Why did ACCA launch a credit card for contractors?

Given ACCA's focus on government advocacy, I was curious about the motivation and did some digging

Alec Stevanovski

M&A

Q&A: Multiples, IPOs, and what's next in HVAC M&A

Oct 24, 2024

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5 min read

Q&A: Multiples, IPOs, and what's next in HVAC M&A

A couple weeks ago, I chatted with Will Schryver, a former investment banker currently putting together his own residential HVAC platform, about all things M&A-land

Alec Stevanovski

Economy

Carrier and Lennox report earnings, eye 2025 price increases

Oct 24, 2024

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3 min read

Carrier and Lennox report earnings, eye 2025 price increases

A roundup of comments from Carrier and Lennox's Q3 earnings calls

Alec Stevanovski

M&A

Zephyr, a new home services roll-up, raises $60 million

Oct 21, 2024

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2 min read

Zephyr, a new home services roll-up, raises $60 million

The company expects to cross $100 million in revenue this year and plans to use the capital to fund future acquisitions

Alec Stevanovski

Technology

ARS, Flint Group, TurnPoint Services CEOs talk operations, state of the HVAC industry

Oct 21, 2024

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4 min read

ARS, Flint Group, TurnPoint Services CEOs talk operations, state of the HVAC industry

At ServiceTitan's Pantheon event early this month, the execs joined ServiceTitan's Chief Revenue Officer for a panel discussion

Alec Stevanovski

Technology

Quick take: Q&A with Gorjanc Home Services' CFO, COO

Oct 18, 2024

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4 min read

Quick take: Q&A with Gorjanc Home Services' CFO, COO

In a market crowded with private equity-backed players, Gorjanc is an independent contractor on track to grow revenue over 20% this year

Alec Stevanovski

Management

Contractors see 14% bump in Q3 organic lead volume

Oct 18, 2024

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3 min read

Contractors see 14% bump in Q3 organic lead volume

A breakdown of Q3 performance across organic channels and Google Local Services Ads

Alec Stevanovski

Technology

Hatch, Genz-Ryan CEOs on growth challenges, nurturing leads, and AI

Oct 14, 2024

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6 min read

Hatch, Genz-Ryan CEOs on growth challenges, nurturing leads, and AI

Last week, on an hour-long webinar, I caught up with the CEOs of Hatch and Genz-Ryan

Alec Stevanovski

Management

Oct 14, 2024

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4 min read

The 410A supply dilemma

In 2021, importers and wholesalers stockpiled HFCs, but inventories are dwindling

Alec Stevanovski

M&A

"I don't think there's a right or wrong answer," says contractor about private equity

Oct 10, 2024

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5 min read

"I don't think there's a right or wrong answer," says contractor about private equity

Welcome to Post Close, a monthly series anonymously highlighting the thoughts of HVAC contractors who have sold their businesses to a private-equity-backed platform

Alec Stevanovski

Technology

Into the Matrix: Inside Conditioned Air Solutions' dispatching playbook

Oct 7, 2024

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5 min read

Into the Matrix: Inside Conditioned Air Solutions' dispatching playbook

In Vice President Paul Snowden's mind, there are five components of effective dispatching

Alec Stevanovski

Technology

Oct 3, 2024

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3 min read

Inside Pantheon

ServiceTitan hosted its annual Pantheon event in Orlando this week

Alec Stevanovski

M&A

Morgan Stanley exploring $1.5 billion Sila Services sale

Sep 27, 2024

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2 min read

Morgan Stanley exploring $1.5 billion Sila Services sale

The potential sales price implies a roughly 15x multiple of the company's near-$100 million EBITDA, according to Reuters

Alec Stevanovski

Management

A glimpse into Innovative Air Solutions' PR strategy

Sep 26, 2024

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4 min read

A glimpse into Innovative Air Solutions' PR strategy

The company takes industry developments and community events, and crafts stories for local media outlets

Alec Stevanovski

Technology

Wrench Group bets on remote monitoring, partners with SmartAC.com

Sep 25, 2024

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2 min read

Wrench Group bets on remote monitoring, partners with SmartAC.com

Wrench Group's contractors will be able to leverage a 24/7 stream of monitoring data to address customer issues before they become emergencies

Alec Stevanovski

Technology

The Amazon effect hits the HVAC industry

Sep 23, 2024

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5 min read

The Amazon effect hits the HVAC industry

New startups have popped up to help contractors meet consumers' preference to shop online

Alec Stevanovski

Management

"As the culture goes, so goes the company": How Paschal Air, Plumbing & Electric built a winning culture

Sep 19, 2024

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6 min read

"As the culture goes, so goes the company": How Paschal Air, Plumbing & Electric built a winning culture

The company has grown to nine locations across four states — with the help of one thing, according to Sales Director Jake Winchell: Culture

Alec Stevanovski