39 of 77 HVAC deals this year went to private equity HVAC M&A in 2026 is running hot, and here’s a number I can’t shake. Private equity took 39 of the last 77 HVAC deals tracked this year. More than half. The sector’s already at 149 transactions, up almost 13% over last year. If you […]
private equity
We Hated Private Equity. So We Became the Buyer.
I got on a call with a founder who turned his single biggest fear, selling to private equity, into his business model. He started a managed services provider (MSP) in 2010. Grew it to about 75 people and $12 million a year. He’s not a finance guy. He’s an operator who got tired of his […]


