The owners of skilled trade businesses across America, particularly in the HVAC, plumbing, and electrical sectors, are increasingly striking it rich as private equity (P.E.) firms show unprecedented interest in these industries. Since 2022, approximately 800 companies in these home service fields have been acquired by private equity investors, leading to seven-figure buyouts for many business owners, according to data from PitchBook.
Private equity firms are scooping up home services like HVAC, plumbing and electrical companies hoping to profit by running larger, more lucrative operations. Erin Real reports.
The surge in private equity investments is driven. . .