Commercial HVAC Company, Chicago Metro Contractor & Service Provider

Full Editorial Writeup

This is a commercial HVAC contractor serving the Chicago metropolitan market, generating roughly $4.47M in revenue and $557K in SDE. The business serves general contractors and facility managers, delivering commercial installation and project work alongside a service arm built around annual maintenance contracts, preventive maintenance, and emergency response. Founded in 2012, it runs lean with 11 employees and is being marketed as relocatable, which signals the value sits in the crews, contracts, and customer relationships rather than a fixed location.

What makes this listing more interesting than a typical trade shop is the deliberate mix of project revenue and recurring service work. Commercial construction is inherently cyclical, and the operator has offset that by converting completed jobs into ongoing maintenance agreements, creating steadier receivables and repeatable revenue between projects. In the Midwest, where heating and cooling systems get hammered by seasonal extremes, service demand and emergency calls are close to non-negotiable for facility operators.

The deal is pre-qualified for SBA 7(a) financing at the asking price, with the seller offering 10% seller financing, and the owner is exiting for retirement. At a 3.76x SDE multiple, the pricing is reasonable for a profitable HVAC business with a recurring service layer, and the clear growth playbook (more maintenance conversions, added sales capacity, geographic expansion) gives an operator-buyer a defined path to grow earnings post-close.