Established Commercial HVAC Company, 27-Year Operator

Full Editorial Writeup

This is a commercial HVAC services company founded in 1999 with more than 25 years of continuous operating history. It generates $7M in annual revenue against $1.5M of EBITDA, which is a roughly 21% margin, healthy for a commercial mechanical contractor. The commercial focus matters here: these are relationships with building owners, property managers, and facilities teams rather than one-off residential installs, which tends to produce stickier revenue and larger ticket sizes.

Commercial HVAC is a blend of project work (installs, retrofits, system replacements) and ongoing service and maintenance. The most valuable layer of this business is the recurring maintenance and service agreements that keep buildings' systems running under contract, which smooth cash flow and create predictable repeat revenue. At $7M in revenue over 27 years, this is a mature operator with established crews, vendor relationships, and a referral base rather than a startup chasing growth.

The listing is thin on detail (location is undisclosed and the seller's reason for selling and transition plan are not stated), so the real value hinges on the mix between contracted maintenance revenue and lumpy project work, plus the depth of the field technician bench. At a 4.67x EBITDA asking price, the deal is priced in line with a quality trades services business, and the durability of the demand makes it worth serious underwriting.