What is a Private Equity Firm?
Private Equity Groups have entered every part of HVAC. They are buying and selling OEMS, Commercial Service Contractors, Commercial Controls Contractors, Residential contractors /consumer service businesses. They typically seek out reputable companies that are lacking in an exit strategy or succession plan. They engage those companies at owner level and review the financials. They evaluate current state financial performance and compare it to their ideal future state performance.
From there they either walk away from a deal or make an offer. An offer can be 100% buyout or purchasing 60-70% of a business. In the latter format an owner stays on with a vested interest in future performance while also realizing their financial dreams (the check for the 60-70% of the company).
How can we help?
These groups often are in need of leadership positions like General Managers, Regional VPs, and CXOs. We act as your executive search consultant and private equity firm recruiter. With our understanding of HVAC as a whole, and the clearly defined financial goals of the PE group we are able to help them recruit the professionals they need to grow their business.
Our network of business owners and PE groups makes it easy to match sellers and buyers. We don’t get into the valuation of the M&A. We simply connect the buyers and sellers (who don’t currently have representation) for a minimal fee.
If you’re a buyer or seller looking for quick introductions please reach out to buysell@growinghvac.com