Economy

Economy

Home services expected to remain resilient in 2025

Nov 14, 2024

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3 min read

Home services expected to remain resilient in 2025

Jobber's Q3 Home Service Economic Report highlights contractor trends and offers insight into what's next for home services

Randall Trost
Randall Trost

Economy

AHRI reports September HVAC shipments, marking six consecutive months of gains

Nov 11, 2024

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2 min read

AHRI reports September HVAC shipments, marking six consecutive months of gains

Just over 900,000 combined central air conditioners and heat pumps were shipped in September, up 18% from last year

Hannah Makarewicz
Hannah Makarewicz

Economy

HARDI distributor revenues up 2% in September

Nov 7, 2024

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2 min read

HARDI distributor revenues up 2% in September

September was the sixth consecutive month that the rate at which its distributors' sales grew was positive, following a stagnant four months from December 2023 to March

Randall Trost
Randall Trost

Technology

+3

Our most-read stories of October

Nov 4, 2024

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3 min read

Our most-read stories of October

Q&As, dispatching, private equity, and more

Hannah Makarewicz
Hannah Makarewicz

Technology

+2

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
Alec Stevanovski

Management

+1

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
Alec Stevanovski

M&A

+1

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
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
Alec Stevanovski

M&A

+1

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
Alec Stevanovski

Technology

+3

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
Alec Stevanovski

Technology

+2

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
Alec Stevanovski

Economy

August HVAC shipments up 11% year-over-year

Oct 14, 2024

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2 min read

August HVAC shipments up 11% year-over-year

Combined shipments of central ACs and heat pumps topped 975,000 in August

Randall Trost
Randall Trost

Management

+1

The 410A supply dilemma

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
Alec Stevanovski

Technology

+2

Home services marketplace StreetFair partners with Jobber

Oct 10, 2024

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2 min read

Home services marketplace StreetFair partners with Jobber

The companies are integrating, allowing jobs on a contractor’s schedule in Jobber to be shared with a neighborhood through StreetFair

Hannah Makarewicz
Hannah Makarewicz

Legal

+2

Why renting HVAC equipment in the U.S. isn't as popular as in Canada — yet

Oct 7, 2024

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4 min read

Why renting HVAC equipment in the U.S. isn't as popular as in Canada — yet

Rentals gained significant traction in Canada as a compliment to gas services

Jeff Huntington
Jeff Huntington

Technology

+3

Most-Read: September

Oct 3, 2024

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3 min read

Most-Read: September

A roundup of our five most-read stories from September

Randall Trost
Randall Trost

Technology

+3

Inside Pantheon

Oct 3, 2024

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3 min read

Inside Pantheon

ServiceTitan hosted its annual Pantheon event in Orlando this week

Alec Stevanovski
Alec Stevanovski

M&A

+1

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
Alec Stevanovski

Technology

+1

ServiceTitan inks partnership with Authority Brands

Sep 19, 2024

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2 min read

ServiceTitan inks partnership with Authority Brands

The company will become the go-to software provider for all One Hour, Benjamin Franklin, and Mister Sparky franchises

Hannah Makarewicz
Hannah Makarewicz

Economy

Carrier, Trane CEOs speak at Laguna Beach conference

Sep 16, 2024

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3 min read

Carrier, Trane CEOs speak at Laguna Beach conference

"The Daves" chatted with Morgan Stanley's Chris Snyder about company financials and 2025 opportunities

Alec Stevanovski
Alec Stevanovski

Economy

July HVAC shipments up 22%

Sep 16, 2024

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2 min read

July HVAC shipments up 22%

Central AC and heat pump shipments rose 22% year-over-year in July, and year-to-date shipments increased by 3% from 2023

Randall Trost
Randall Trost

Economy

HARDI distributor sales pop 10% in July

Sep 12, 2024

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2 min read

HARDI distributor sales pop 10% in July

July marked the fourth consecutive month that the rate at which its distributors' sales grew was positive

Hannah Makarewicz
Hannah Makarewicz

Technology

+3

The ripple effect: How distributor consolidation could impact contractors

Sep 9, 2024

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4 min read

The ripple effect: How distributor consolidation could impact contractors

Like with all consolidation, there are pros and cons. But in this case, two factors stand out

Alec Stevanovski
Alec Stevanovski

M&A

+1

Rheem to buy Nortek Global HVAC

Sep 5, 2024

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2 min read

Rheem to buy Nortek Global HVAC

This marks the second major OEM deal announced in the past two months

Alec Stevanovski
Alec Stevanovski

Economy

U.S. cooling demand holds steady in August

Sep 5, 2024

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2 min read

U.S. cooling demand holds steady in August

The U.S. notched 314 CDDs in August, down 0.6% from August 2023

Hannah Makarewicz
Hannah Makarewicz
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