M&A

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

Our most-read stories of October

Q&As, dispatching, private equity, and more

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

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

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

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

HVAC Deals: September 2024

Recent investment activity from around the industry

"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

Most-Read: September

A roundup of our five most-read stories from September

Inside Pantheon

ServiceTitan hosted its annual Pantheon event in Orlando this week

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

HVAC Deals: August 2024

Recent investment activity from around the industry

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

Rheem to buy Nortek Global HVAC

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

Our most-read stories of the summer

A roundup of our five most-read stories from June to August

HVAC Deals: July 2024

Recent investment activity from around the industry

Bosch to buy Johnson Controls HVAC portfolio for $8 billion

The companies announced an agreement early Tuesday morning

The HVAC industry has seen consolidation — but it's not over yet

A combination of consumer dynamics, fragmentation, and investor timelines will drive more consolidation

Inside HARDI’s “State of the Channel” report with Tim Fisher

HARDI's Director of Market Intelligence elaborates on the report's highlights

HVAC Deals: June 2024

Recent investment activity from around the industry

Inside BDR's acquisition of BxB Media

HVAC M&A chatter with Bristlecone Trail Partners' Jason Haar

HVAC Deals: May 2024

Recent investment activity from around the industry

HVAC Deals: April 2024

Recent investment activity from around the industry

Exclusive: SF&P Advisors' Brian Cohen on the state of M&A in HVAC

Notes on Covid, multiples, and 2024