Conversations from The EDGE: Why Acquisitions Can Help HVAC Companies Thrive & Survive

August 20, 2019
Sean Heath

 

Running a small HVAC business is difficult, relying on a single owner to maintain all aspects of the business. In this new episode of Conversations from The EDGE with Service Logic, host Sean Heath sat down with Tim Riedel, president of Service Logic, to discuss how the nationwide HVAC company approaches acquisitions and help ensure that buyer and seller see eye to eye.

The Charlotte, North Carolina-based company is the largest privately held energy and HVAC/mechanical company in the United States. Their robust acquisitions program offers company owners the opportunity to financially secure their business while gaining a well-established partner in business.

“For many, selling their business is like selling their baby,” Riedel said. “We need to feel out whether we are the right fit for you and are you the right company for us. The more time we spend getting to know one another, the better chance we’ll both make the right decision.”

Riedel said interestingly, most sellers aren’t looking to retire and leave the business.

“They take chips off the table, secure what they’ve built, and stay now, feeling a tremendous burden off their shoulders,” he said. “Then in the future, they want to have their employees and customers taken care of and make sure their business has the right home.”

For the latest news, videos, and podcasts in the Building Management Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!

Twitter – @BuildingMKSL
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Recent Episodes

Smart locker systems
View episode

In an era defined by the need for convenience, efficiency, and contactless interactions, the adoption of smart locker systems across various sectors—from universities and ecommerce giants like Amazon to governmental agencies—is on the rise. This modern delivery method is proving pivotal in enhancing consumer experiences and streamlining organizational operations. As organizations continue to navigate…

Smart lockers in hotels
View episode

In the evolving landscape of hospitality, technology continues to redefine how services are delivered, aiming to enhance guest convenience and operational efficiency. To manage the ebb and flow of guests, smart lockers in hotels are becoming increasingly popular. The introduction of these innovations addresses a common pain point: The need for seamless check-ins and…

Trades industry
View episode

In the face of a growing skills gap in the trades industry, innovative solutions are needed to train and prepare the next generation of workers. In this episode of Straight Outta Crumpton, host Greg Crumpton sits down with Brendan Arsenault, co-founder of SkillCat, to discuss how their platform is addressing this critical issue. SkillCat…