Central NC Commercial & Residential HVAC Contractor, Decades-Old North Carolina Operator

Full Editorial Writeup

This is a decades-old HVAC contractor based in Central North Carolina that installs, replaces, and maintains heating and cooling systems for general contractors, commercial real estate agents, and homeowners. The business does roughly $12.6M in revenue with $1.44M in SDE, and it runs a real operation: 61 full-time employees spanning field technicians, installation crews, and a dedicated management layer, plus a multi-vehicle service fleet and $479k in FF&E. Operations are centralized in a 10,872 square foot standalone commercial facility with immediate highway access.

Historically the revenue was concentrated in commercial new construction, but over the last couple of years management has deliberately shifted the mix toward residential service and system replacement work. That matters: commercial new construction is cyclical and lumpy, while residential replacement and recurring maintenance is steadier and higher margin. The stated backlog supports a 2026 forecast of roughly $15M in revenue and $1.8M to $1.9M in EBITDA, which suggests real momentum rather than a business in decline.

The seller is retiring and offering four weeks of training at no cost. The facility is leased, not owned, but the real estate is offered separately for sale ($950k) or lease ($79,380/year), so a buyer can choose their structure. With a management layer already in place and a workforce built to run both large commercial contracts and recurring residential calls, this is a turnkey acquisition for an operator or a platform buyer looking to add scale in a growing Sunbelt market.