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Chinook Industry Spotlight: Residential Services Q3 2022

  • M&A activity for HVAC service businesses increased almost 27% in 2022 compared to 2021 levels. Private equity and strategic buyers completed more than 300 acquisitions in 2022.
  • Despite the backdrop of slowing activity in the broader middle market, acquirers are drawn to the sector for its recurring revenue nature and defensibility.
  • The residential services industry is highly fragmented, meaning there are many service providers with relatively small shares of the industry’s overall revenue. These businesses are prime targets for acquisition.
  • Private Equity firms have been actively deploying capital in the space, accounting for 53% of transactions in the sector in 2022.

About Chinook Capital Advisors:

Chinook Capital Advisors, based in Kirkland, WA, is a leading M&A advisory firm serving the needs of Pacific Northwest business owners. We help businesses prepare for and execute business ownership transition events.

Our expertise includes sell-side advisory/seller representation services, recapitalizations, advisory board/transaction preparation services, and other services including business valuation and debt advisory. Chinook serves many of the key industries that drive the Pacific Northwest economy, including manufacturing, distribution, business services, technology, healthcare products & services, and consumer products & services.

We welcome inquiries from business owners wanting to discuss business valuation, M&A market updates, or how to build value towards a future exit or recapitalization.