Positioning HVAC Companies for the Roll-Up Wave

PE firms have made HVAC the most aggressively acquired trade vertical in home services. NCKTR helps HVAC business owners doing $1M–$25M in revenue build the operational story that captures PE interest — and the leverage to negotiate on their terms.

The HVAC Opportunity

HVAC add-on deals surged 88% year-over-year through mid-2025. Over 800 HVAC, plumbing, and electrical companies have been acquired by PE since 2022. PE buyers are paying 6x to 15x EBITDA for the right operators. The difference between a 4x deal and a 10x deal is operational documentation, recurring revenue, and a business that runs without the owner.

What the 45-Day Audit Covers for HVAC Businesses

• Revenue mix analysis: service contracts, maintenance agreements, installs, and emergency
• Recurring revenue percentage and service agreement retention rate
• Technician productivity, billable rate, and dispatch efficiency
• Owner-dependency score and management layer readiness
• EBITDA normalization and valuation benchmarking at current PE multiples
• PE acquisition readiness scoring across all due diligence dimensions

How the audit works • Schedule a discovery call