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

 

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

As the construction industry faces a significant workforce shortage projected to surpass half a million workers, the need to inspire and educate the next generation about the value of construction careers is more critical than ever. According to the Associated Builders and Contractors (ABC), the U.S. construction industry needs to attract 501,000 additional workers…

For HVAC businesses, mastering online visibility and reputation management has become a critical factor in achieving success. With the internet increasingly becoming the first stop for customers seeking services, the practice of digital marketing for the HVAC industry has been gaining traction. Chris Lollini, founder and CEO of Reputation Igniter, specializes in helping businesses…

A career evolution in HVAC takes many paths filled with challenges and opportunities for significant growth, from technical roles to leadership. As the sector evolves, professionals must adapt and expand their skill sets to thrive in increasingly complex environments. In this episode of Straight Outta Crumpton, host Greg Crumpton engages with Tim Gillespie, the…