HVAC Multiples: Construction vs. Service

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August 10, 2023

by a searcher from The University of Michigan - Stephen M. Ross School of Business in Nashville, TN, USA

What are people seeing with regards to multiples for HVAC businesses today? A year ago, on the construction side they are were selling for 4-5x, while the maintenance/service companies were selling for 10x+. Are multiples still similar?

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commentor profile
Reply by a professional
from Oregon State University in Kuna, ID, USA
^redacted‌- Know the multiples for HVAC companies are still hovering around 4x. You can look up industry comps and benchmarking using the BVR Transactions link at the top of the Searchfunder platform.

https://www.searchfunder.com/bvr/sector/582
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Reply by a searcher
from Boston University in Los Angeles, CA, USA
Valuations are 100% down from the multiples mentioned above
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