#  @Will_Schryver Will Schryver
Will Schryver posts on X about private equity, investment, business, in the the most. They currently have [------] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours.
### Engagements: [------] [#](/creator/twitter::2915041314/interactions)
- [--] Week [-------] -12%
- [--] Month [---------] +253%
- [--] Months [---------] -63%
- [--] Year [----------] +330%
### Mentions: [--] [#](/creator/twitter::2915041314/posts_active)
- [--] Week [--] +24%
- [--] Month [---] +346%
- [--] Months [---] +16%
- [--] Year [---] -31%
### Followers: [------] [#](/creator/twitter::2915041314/followers)
- [--] Week [------] +1.30%
- [--] Month [------] +3.80%
- [--] Months [------] +9.90%
- [--] Year [------] +92%
### CreatorRank: [-------] [#](/creator/twitter::2915041314/influencer_rank)
### Social Influence
**Social category influence**
[finance](/list/finance) #4125 [stocks](/list/stocks) 6.76% [currencies](/list/currencies) 2.7% [technology brands](/list/technology-brands) 1.8% [cryptocurrencies](/list/cryptocurrencies) 1.8% [countries](/list/countries) 1.35% [financial services](/list/financial-services) #286 [exchanges](/list/exchanges) 0.45% [nfl](/list/nfl) 0.45%
**Social topic influence**
[private equity](/topic/private-equity) #5, [investment](/topic/investment) #320, [business](/topic/business) 10.81%, [in the](/topic/in-the) 10.81%, [hey grok](/topic/hey-grok) #808, [pay](/topic/pay) 5.41%, [finance](/topic/finance) #2740, [debt](/topic/debt) #1774, [buddy](/topic/buddy) 3.15%, [if you](/topic/if-you) 3.15%
**Top accounts mentioned or mentioned by**
[@grok](/creator/undefined) [@11_alv](/creator/undefined) [@paulswaney3](/creator/undefined) [@slackwatercap](/creator/undefined) [@cpddough](/creator/undefined) [@markbdelaney](/creator/undefined) [@homeprosnews](/creator/undefined) [@heydannypeavey](/creator/undefined) [@smbattorney](/creator/undefined) [@smbdealguy](/creator/undefined) [@ryanelliott](/creator/undefined) [@jr_magnuson](/creator/undefined) [@liamdetailing](/creator/undefined) [@mikebotkin](/creator/undefined) [@jeffdtauzin](/creator/undefined) [@nadsshariff](/creator/undefined) [@willschryver](/creator/undefined) [@jprbiz](/creator/undefined) [@jffelectric](/creator/undefined) [@gratefulcigars](/creator/undefined)
**Top assets mentioned**
[SPDR S&P [---] ETF Trust (SPY)](/topic/$spy) [Strategy (MSTR)](/topic/$mstr) [Bitcoin (BTC)](/topic/$btc) [Morgan Stanley (MS)](/topic/morgan-stanley) [Alphabet Inc Class A (GOOGL)](/topic/$goog) [General Motors Company (GM)](/topic/general-motors) [Goldman Sachs (GS)](/topic/goldman-sachs) [QXO, Inc. Common Stock (QXO)](/topic/$qxo) [Lazard Ltd. Class A (LAZ)](/topic/$laz)
### Top Social Posts
Top posts by engagements in the last [--] hours
"My buddy is getting nervous about the LOI from a private equity group Signed [--] days ago and the buy-side QofE came in as expected with no surprises But no movement on the APA and zero communication on a closing date Should he be nervous about PE backing out Literally asking for a friend Buddy of mine got an offer from private equity for his home services company High single digits EBITDA multiple 90% cash at close / 10% earnout Would you take this offer Buddy of mine got an offer from private equity for his home services company High single digits EBITDA multiple 90% cash at close / 10%"
[X Link](https://x.com/Will_Schryver/status/2013410182080888990) 2026-01-20T00:36Z 13.6K followers, 86.7K engagements
"Private Equity Zombie Firms Returns down holding periods extended and fundraising new capital challenging Internal Rate of Return (IRR) by PE fund & year: Vestar Capital (VII) 2018: 7.7% Siris Capital (Tech Fund) 2019: 8.3% Crestview 2019: 8.4% DPI or the distributed to paid-in capital is another measure of capital returned to investors (i.e. amount of cash investors returned divided by how much they paid into a fund). A decade ago seven-year-old funds typically reported DPIs of 0.8x Bains midyear report last year said the median buyout DPI for [----] vintage funds in the U.S. was 0.2x while"
[X Link](https://x.com/Will_Schryver/status/2018450117171265851) 2026-02-02T22:23Z 13.6K followers, 50.7K engagements
"Would you sell Email from a broker interested in selling our HVAC company to private equity Its not a bad teaser email except for one minor detail Were [----] miles away from New Jersey"
[X Link](https://x.com/Will_Schryver/status/2019956997060485164) 2026-02-07T02:10Z 13.6K followers, [----] engagements
"LOI signed. Ready to leave my $300k private equity career to run an HVAC business"
[X Link](https://x.com/Will_Schryver/status/2020996953962905752) 2026-02-09T23:03Z 13.6K followers, 10.7K engagements
"Im quickly realizing the younger generation isnt cut out to work in the trades. Just fired a [--] yr old kid after giving him half a dozen second chances. Planning to hire HVAC technicians with a minimum of 8+ years of experience"
[X Link](https://x.com/Will_Schryver/status/1912291151035462087) 2025-04-15T23:45Z 13.6K followers, 56K engagements
"Brokers need to stop this nonsense. This HVAC company is not worth $4 million. Its not even worth $2 million. Assuming the $1.8 million in revenue is somewhat sustainable the SDE is likely closer to $400k. Depending on residential vs commercial mix and construction vs service mix This companys value is closer to $1.2 million to $1.4 million. I feel bad for the owner. Theyre going to waste a lot of time and this asset will sit on the market with multiple price reductions. Someone find this broker and take away his license. [--] yr old HVAC company with 50% SDE. Lol. Not GM%. SDE % Maybe they"
[X Link](https://x.com/Will_Schryver/status/2017734748995567748) 2026-01-31T23:00Z 13.6K followers, 65.7K engagements
"GM quits. Tech wrecks the new van. Everyone demands a raise. Private Equity recruits your top sales guy. Dream of the EBITDA multiple arbitrage slipping away. Then you realize owning an HVAC company is not a passive investment"
[X Link](https://x.com/Will_Schryver/status/2017756798892007814) 2026-02-01T00:28Z 13.6K followers, 44.7K engagements
"Private equity just needs to buy low and sell high It will be interesting to see this data [--] years from now after an extended period of elevated asset prices Some incredible data from Apollo highlighting the correlation between private equity returns and entry multiples paid for deals The lowest multiple deals exited as much as 1.3x during the [----] to [----] period and that outperformance has gone up to 2.5x since [----] Turns out the https://t.co/4sy1NOzx3A Some incredible data from Apollo highlighting the correlation between private equity returns and entry multiples paid for deals The lowest"
[X Link](https://x.com/Will_Schryver/status/2018101947983630589) 2026-02-01T23:19Z 13.6K followers, [----] engagements
"Hey @grok what are the annualized returns (including dividends) for the $SPY and $QQQ from [----] to [----] compared to the PE firms listed Private Equity Zombie Firms Returns down holding periods extended and fundraising new capital challenging Internal Rate of Return (IRR) by PE fund & year: Vestar Capital (VII) 2018: 7.7% Siris Capital (Tech Fund) 2019: 8.3% Crestview 2019: 8.4% DPI or the distributed Private Equity Zombie Firms Returns down holding periods extended and fundraising new capital challenging Internal Rate of Return (IRR) by PE fund & year: Vestar Capital (VII) 2018: 7.7% Siris"
[X Link](https://x.com/Will_Schryver/status/2018452975375544401) 2026-02-02T22:34Z 13.6K followers, 10.8K engagements
"List of Zombie-like PE firms listed by Forbes These [--] zombie-like firms have questionable futures There are some big names on this list managing billions in AUM and if you think they have questionable futures Id be curious to hear what you think about the 100s of smaller firms not on this list Private Equity Zombie Firms Returns down holding periods extended and fundraising new capital challenging Internal Rate of Return (IRR) by PE fund & year: Vestar Capital (VII) 2018: 7.7% Siris Capital (Tech Fund) 2019: 8.3% Crestview 2019: 8.4% DPI or the distributed Private Equity Zombie Firms Returns"
[X Link](https://x.com/Will_Schryver/status/2018472990426726471) 2026-02-02T23:53Z 13.6K followers, 12.4K engagements
"Private Equity is in trouble if it cant sell portfolio companies for attractive valuation multiples in this market: High Valuation Levels + Declining Rates Public equities are trading at very rich levels relative to the last [--] years which naturally lift private valuation levels And rates having been coming down (slowly) which also support valuation levels Im sure a lot of PE funds are staring at high entry multiples when they acquired portcos in [----] - [----] But what happens if public equities (and in turn private companies) valuation levels rerate lower if/when the economy slows Hard to see"
[X Link](https://x.com/Will_Schryver/status/2018500016873091072) 2026-02-03T01:41Z 13.6K followers, 53.2K engagements
"This is brutal - the dreaded PE retrade Update on the private equity groups offer to acquire my buddys home services company PE investment committee suddenly has a change of heart about the profile of the business and has decided to lower their purchase price And this is after the buy side QofE came back consistent with the sell side QofE Typically a retrade occurs because the buy side QofE identified issues with the adjustments etc and reached a different conclusion on adjusted EBITDA Not the case here [--] - [--] months of his time and thousands of dollars wasted on advisors just to get a retrade"
[X Link](https://x.com/Will_Schryver/status/2019192019592032679) 2026-02-04T23:31Z 13.6K followers, 20.6K engagements
"Hey @grok remove the greatest investor and explain why"
[X Link](https://x.com/Will_Schryver/status/2019220043859701994) 2026-02-05T01:22Z 13.5K followers, [----] engagements
"@grok Nice. Why"
[X Link](https://x.com/Will_Schryver/status/2019220739518496942) 2026-02-05T01:25Z 13.6K followers, [---] engagements
"Advisers on the SpaceX IPO are already teeing up early inclusion in the S&P [---] $SPY and Nasdaq $QQQ the minute it goes public Love to see the hustle to get the passive retail flows SpaceX and xAI merge to form a $1.25 Trillion company https://t.co/Sx2oSOXsUS SpaceX and xAI merge to form a $1.25 Trillion company https://t.co/Sx2oSOXsUS"
[X Link](https://x.com/Will_Schryver/status/2019232308289568798) 2026-02-05T02:11Z 13.5K followers, [----] engagements
"@grok Oh boy 👀"
[X Link](https://x.com/Will_Schryver/status/2019502590233395645) 2026-02-05T20:05Z 13.5K followers, [---] engagements
"Hey @grok what is the current market cap of $MSTR compared to the value of its $BTC holdings Hey @grok what is the [--] year total return for $MSTR compared to $SPY $QQQ $BTC and $TLT ranked in order Hey @grok what is the [--] year total return for $MSTR compared to $SPY $QQQ $BTC and $TLT ranked in order"
[X Link](https://x.com/Will_Schryver/status/2019587802133082623) 2026-02-06T01:43Z 13.5K followers, [----] engagements
"What was it like to buy HVAC companies and flip them [--] months later for 12x in [----] when rates were 0% Private Equity: Private Equity is in trouble if it cant sell portfolio companies for attractive valuation multiples in this market: High Valuation Levels + Declining Rates Public equities are trading at very rich levels relative to the last [--] years which naturally lift private valuation https://t.co/NKPcTtpUjZ Private Equity is in trouble if it cant sell portfolio companies for attractive valuation multiples in this market: High Valuation Levels + Declining Rates Public equities are"
[X Link](https://x.com/Will_Schryver/status/2019963384012370095) 2026-02-07T02:36Z 13.6K followers, [----] engagements
"@MikeBotkin_ Interesting to hear on Vertex. Id be curious to understand whats driving the operational challenges"
[X Link](https://x.com/Will_Schryver/status/2020196335828222023) 2026-02-07T18:01Z 13.6K followers, [----] engagements
"During an IPO roadshow one of the portfolio managers we met with made an interesting comment: Debt is not the cheapest form of capital. The cost of debt can be 100%. This is true for public and private companies Investors use debt to finance acquisitions to juice returns But dont appreciate how it limits flexibility and handcuffs strategic initiatives Too much leverage can consume all of the excess free cash flow to service interest payments Too much leverage plus a meaningful slowdown in the business and you fall behind on servicing the debt Thats when the cost of debt hits 100%"
[X Link](https://x.com/Will_Schryver/status/2020260034899218680) 2026-02-07T22:15Z 13.6K followers, 12.1K engagements
"Private Equity groups are turning to continuation funds for this reason Market multiples Current holding multiples EBITDA growth could certainly offset multiple compression If not PE can kick the can down the road with a continuation fund until market multiples rerate higher https://twitter.com/i/web/status/2020527485260005461 https://twitter.com/i/web/status/2020527485260005461"
[X Link](https://x.com/Will_Schryver/status/2020527485260005461) 2026-02-08T15:57Z 13.6K followers, [---] engagements
"Hey @grok what is the inflation rate for Super Bowl ads from [----] to [----] 🏈 Average cost of a 30-sec Super Bowl ad: 1965: $37600 1970: $72500 1975: $110000 1980: $275000 1985: $550000 1990: $800000 1995: $1085000 2000: $2200000 2005: $2500000 2010: $3100000 2015: $2400000 2020: $5600000 2026: $8000000 Source: Superbowl-ads 🏈 Average cost of a 30-sec Super Bowl ad: 1965: $37600 1970: $72500 1975: $110000 1980: $275000 1985: $550000 1990: $800000 1995: $1085000 2000: $2200000 2005: $2500000 2010: $3100000 2015: $2400000 2020: $5600000 2026: $8000000 Source: Superbowl-ads"
[X Link](https://x.com/Will_Schryver/status/2020584803121479748) 2026-02-08T19:45Z 13.6K followers, [----] engagements
"@markbdelaney Not my company we focus on residential. A lot of investors I know are personally invested in the commercial space and everyone is chasing data centers"
[X Link](https://x.com/Will_Schryver/status/2020585292948992373) 2026-02-08T19:47Z 13.6K followers, [---] engagements
"Hey @grok $10000 on the line who wins the Super Bowl No mistakes"
[X Link](https://x.com/Will_Schryver/status/2020626080722460758) 2026-02-08T22:29Z 13.6K followers, 17.2K engagements
"Every Super Bowl winning team Super Bowl I Green Bay Packers Super Bowl II Green Bay Packers Super Bowl III New York Jets Super Bowl IV Kansas City Chiefs Super Bowl V Baltimore Colts Super Bowl VI Dallas Cowboys Super Bowl VII Miami Dolphins Super Bowl VIII Miami Dolphins Super Bowl IX Pittsburgh Steelers Super Bowl X Pittsburgh Steelers Super Bowl XI Oakland Raiders Super Bowl XII Dallas Cowboys Super Bowl XIII Pittsburgh Steelers Super Bowl XIV Pittsburgh Steelers Super Bowl XV Oakland Raiders Super Bowl XVI San Francisco 49ers Super Bowl XVII Washington Redskins Super Bowl XVIII Los"
[X Link](https://x.com/Will_Schryver/status/2020699915450560690) 2026-02-09T03:22Z 13.6K followers, [----] engagements
"@jeffdtauzin Hired [--] new technicians. Both just started today"
[X Link](https://x.com/Will_Schryver/status/2021039591810269505) 2026-02-10T01:52Z 13.6K followers, [---] engagements
"For those running out to snap up Alphabets $GOOG century bond you should understand duration Austria issued a [---] year bond with a 0.85% coupon in [----] and it now trades for just [--] cents on the euro Alphabet $GOOG plans to sell a 100-year bond (century bond) to finance its AI infrastructure build out Imagine betting on a company avoiding insolvency and paying you back in [----] The [--] largest companies [---] years ago were U.S. Steel Standard Oil and General Motors https://t.co/1iKMNphtyA Alphabet $GOOG plans to sell a 100-year bond (century bond) to finance its AI infrastructure build out"
[X Link](https://x.com/Will_Schryver/status/2022076101649137704) 2026-02-12T22:31Z 13.6K followers, [----] engagements
"Hey @grok list the revenue per employee for the top [--] largest tech companies and then compare that to @X"
[X Link](https://x.com/Will_Schryver/status/2022473188442026382) 2026-02-14T00:49Z 13.6K followers, [----] engagements
"This is quite the read from the WSJ for a Sunday morning. Id love to say you could cut junior investment bankers hours to [--] - [--] hours a week but in many cases its just not possible. Sure you can definitely cut out a lot of inefficiencies (e.g. shifting logos around) and ridiculous 100+ page marketing materials that most will only read 20% of. But what about the corporate client that wants to present a big transformative acquisition or merger and needs your insight in putting together the materials for the Board asap Or the demanding private equity client that wants to run a dual track sell"
[X Link](https://x.com/anyuser/status/1868301484628070612) 2024-12-15T14:25Z 13.6K followers, 233.9K engagements
"Some of my HVAC customers"
[X Link](https://x.com/anyuser/status/1935500355007078497) 2025-06-19T00:50Z 13.6K followers, 10.1M engagements
"I bought a small residential HVAC company In less than a year I changed everything: - Fired and replaced 100% of employees - Fired 40% of the customers (commercial) - Sold 100% of the vehicles and bought all new - Opened a 2nd office - Expanded into a new geography - Scrapped the website and built a new one - Replaced Housecall Pro for ServiceTitan - Replaced the payroll company for Gusto - Added medical dental & vision insurance - Added 401k - Invested [--] figures in marketing - Restructured inventory management - Revamped payment and collection terms - Revamped 100% of the price book I dont"
[X Link](https://x.com/Will_Schryver/status/2012589114256744771) 2026-01-17T18:13Z 13.6K followers, 218.8K engagements
"Hey @grok what are the top [--] largest M&A deals in US history The largest M&A deal ever. And it was between [--] private companies. The largest M&A deal ever. And it was between [--] private companies"
[X Link](https://x.com/Will_Schryver/status/2018658649611370582) 2026-02-03T12:11Z 13.6K followers, [----] engagements
"So your private equity firm cant sell the PortCo that you overpaid for [--] years ago so you create a continuation fund and sell it to this fund that just happens to pay a market clearing price"
[X Link](https://x.com/Will_Schryver/status/2018871623135486185) 2026-02-04T02:17Z 13.6K followers, 26.8K engagements
"@paulswaney3 Interesting"
[X Link](https://x.com/Will_Schryver/status/2019039484298637743) 2026-02-04T13:24Z 13.6K followers, [---] engagements
"3.0x MOIC is important for private equity But so is the holding period or time needed to achieve that 3.0x MOIC Return by holding period: [--] Years: 44.2% [--] Years: 31.6% [--] Years: 24.6% [--] Years: 20.1% [--] Years: 17.0% Private equity MOIC (Multiple On Invested Capital) is highest when the entry EV/EBITDA is less than 6x Private equity MOIC (Multiple On Invested Capital) is highest when the entry EV/EBITDA is less than 6x"
[X Link](https://x.com/Will_Schryver/status/2019238089131192531) 2026-02-05T02:34Z 13.6K followers, 44.7K engagements
"What is more surprising: Private Equity averaged 24% valuation uplift at exit over the last [--] years Or [----] was the first year private equity averaged a -5% discount at exit compared to marked valuation Interesting data on PE from Goldman Sachs noting an average negative valuation uplift at exit for deals in [----] (average of [--] [--] and [--] quarter valuation prior to exit). I had somewhat more positive stats from Stepstone but I cant say I am surprised. https://t.co/UP7LFC1gMP Interesting data on PE from Goldman Sachs noting an average negative valuation uplift at exit for deals in [----] (average"
[X Link](https://x.com/Will_Schryver/status/2019958826397823471) 2026-02-07T02:18Z 13.6K followers, [----] engagements
"Payment terms Suppliers - [--] Days Credit Card - [--] days Employees - [--] Days Subcontractors - [--] minutes"
[X Link](https://x.com/Will_Schryver/status/2020227920325947754) 2026-02-07T20:07Z 13.6K followers, 19.9K engagements
"Hey @grok what are the top [--] verticals that will stand to benefit the most from this $670B AI infrastructure build out In a gold rush sell picks and shovels [--] companies are investing $670B in data centers and AI infrastructure this year The capital spending is 2nd only to the Louisiana Purchase which doubled the size of the U.S. Electrical and Mechanical companies will be in high demand to https://t.co/BGSACPsfVg In a gold rush sell picks and shovels [--] companies are investing $670B in data centers and AI infrastructure this year The capital spending is 2nd only to the Louisiana Purchase which"
[X Link](https://x.com/Will_Schryver/status/2020465875812331880) 2026-02-08T11:52Z 13.6K followers, 19.9K engagements
"Private Equity is going all in on rolling up Roofing companies - Large installed base (100+ million homes) - Highly fragmented (1000s of companies) - Non-discretionary spend ($20k+ ticket) - Highly scalable (asset light) - EBITDA multiple arbitrage (3x - 6x entry; 10x+ exit) Not the same characteristics as HVAC or pest control but still checks a lot of boxes for private equity The latest buzz in the PE ❤ Home Services story has been around roofing. This one puzzles me greatly as I cant see anything about a roofing company that couldn't be replicated overnight at very little cost. As far as I"
[X Link](https://x.com/Will_Schryver/status/2020524546604839031) 2026-02-08T15:46Z 13.6K followers, 17.1K engagements
"Hey @grok which teams have never been to the Super Bowl Hey @grok $10000 on the line who wins the Super Bowl No mistakes. https://t.co/duiB0xDfwz Hey @grok $10000 on the line who wins the Super Bowl No mistakes. https://t.co/duiB0xDfwz"
[X Link](https://x.com/Will_Schryver/status/2020638288797975022) 2026-02-08T23:18Z 13.6K followers, [----] engagements
"Hey @grok what is the r2 of the S&P [---] forward P/E ratio and the annual return for the next [--] years Current forward PE for the S&P [---] suggests a +2 to -2% annual return for the next [--] years: https://t.co/iKJArorOqN Current forward PE for the S&P [---] suggests a +2 to -2% annual return for the next [--] years: https://t.co/iKJArorOqN"
[X Link](https://x.com/Will_Schryver/status/2021026734557077670) 2026-02-10T01:01Z 13.6K followers, 10.8K engagements
"In a gold rush sell picks and shovels [--] companies are investing $670B in data centers and AI infrastructure this year The capital spending is 2nd only to the Louisiana Purchase which doubled the size of the U.S. Electrical and Mechanical companies will be in high demand to construct these data centers Invest in the trades Sell picks and shovels https://twitter.com/i/web/status/2020311771580412081 https://twitter.com/i/web/status/2020311771580412081"
[X Link](https://x.com/Will_Schryver/status/2020311771580412081) 2026-02-08T01:40Z 13.6K followers, 35.5K engagements
"Apex Service Partners - Alpines residential HVAC plumbing & electrical platform - completed [--] add-on acquisitions And that was in just in [----] Apex now totals nearly [---] businesses across the U.S. Alpine is one of the most impressive private equity firms investing in services businesses Theyre going all in on residential & commercial services - Apex (Residential HVAC/Plumbing/Electric) - Canopy (Residential Tree Care) - Cobalt (Commercial Doors) - Guardian https://t.co/wJI1MHfHvI Alpine is one of the most impressive private equity firms investing in services businesses Theyre going all in on"
[X Link](https://x.com/Will_Schryver/status/2022304921366974640) 2026-02-13T13:40Z 13.6K followers, 29.9K engagements
"Paying a premium multiple for an add-on acquisition can make sense Its the same playbook the private equity groups are using in home services PE-backed HVAC platform marked at 17x can afford to pay 8x for an add-on acquisition because its immediately accretive However the downside risk is successfully integrating each new add-on acquisition and sustaining pre-acquisition margin profile The math looks simple in a spreadsheet but businesses arent built in excel What part of the cycle are we in when lumberyards trade for 10.7x $QXO is acquiring Kodiak Building Partners for $2.25B Kodiak"
[X Link](https://x.com/Will_Schryver/status/2022481826196128113) 2026-02-14T01:23Z 13.6K followers, [----] engagements
"When I was in investment banking we once had a CIM that had [--] pages and took [---] versions before it was finalized (seriously) Executive Summary was [--] pages long And we literally broke every rule that John mentions below On Q&A calls PE buyers said they stopped reading the CIM by page [--] and figured they would just ask us bankers a bunch of questions (The answers to those questions were on pages [--] [--] [--] [--] [--] and footnote of 93) That was probably my least favorite CIM as a banker I read hundreds of confidential information memorandums ("CIMs") on companies for sale every year. Most are"
[X Link](https://x.com/Will_Schryver/status/2019968244447130005) 2026-02-07T02:55Z 13.6K followers, 121.1K engagements
"Alpine is one of the most impressive private equity firms investing in services businesses Theyre going all in on residential & commercial services - Apex (Residential HVAC/Plumbing/Electric) - Canopy (Residential Tree Care) - Cobalt (Commercial Doors) - Guardian (Residential Restoration) - Leo (Commercial Maintenance) - Mosaic (Residential Windows & Doors) - Oakline (Property Management) - Orion (Commercial HVAC & Plumbing) - Sunworks (Commercial Landscaping) - Vertex (Residential Roofing) https://twitter.com/i/web/status/2020177316807074242"
[X Link](https://x.com/Will_Schryver/status/2020177316807074242) 2026-02-07T16:46Z 13.6K followers, 59.1K engagements
"The maker of kids snacks and pouches went public $OFRM with an enterprise valuation of nearly $900 million Company generates $200 million revenue and -$7 million Adjusted EBITDA For every $4 pouch I buy for my kid Im contributing $20 of EV to the company"
[X Link](https://x.com/Will_Schryver/status/2020563488205148415) 2026-02-08T18:20Z 13.6K followers, [----] engagements
"Hey @grok compare the total return of $MSTR starting on the date the company started buying bitcoin until today and compare the return to $SPY and $BTC BREAKING: MicroStrategy's $MSTR Bitcoin position officially turns red as Bitcoin falls below $76000. https://t.co/IRZjYzJS8H BREAKING: MicroStrategy's $MSTR Bitcoin position officially turns red as Bitcoin falls below $76000. https://t.co/IRZjYzJS8H"
[X Link](https://x.com/Will_Schryver/status/2017722757660758511) 2026-01-31T22:12Z 13.6K followers, 20.7K engagements
"Private equity MOIC (Multiple On Invested Capital) is highest when the entry EV/EBITDA is less than 6x You make your money on the buy Cheap entry multiples do most of the heavy lifting on MOIC https://t.co/4nO1gQw2xb You make your money on the buy Cheap entry multiples do most of the heavy lifting on MOIC https://t.co/4nO1gQw2xb"
[X Link](https://x.com/Will_Schryver/status/2019113558697734550) 2026-02-04T18:19Z 13.6K followers, 47.5K engagements
"Hey @grok what is the [--] year total return for $MSTR compared to $SPY $QQQ $BTC and $TLT ranked in order HODL HODL"
[X Link](https://x.com/Will_Schryver/status/2019501809782358218) 2026-02-05T20:02Z 13.6K followers, 12.7K engagements
"Private equity realizing a 5x return exiting a portfolio company in [----] when rates drop to 0%"
[X Link](https://x.com/Will_Schryver/status/2020205451951108264) 2026-02-07T18:38Z 13.6K followers, [----] engagements
"I was born at night but I wasnt f*cking born last night. The math aint mathing for me. Sellers reaction to an LOI from private equity Suffice to say he has a few questions about the earn-out in the offer"
[X Link](https://x.com/Will_Schryver/status/2021734429094269038) 2026-02-11T23:53Z 13.6K followers, 18.9K engagements
"Well just refinance the debt Where have I heard that before"
[X Link](https://x.com/Will_Schryver/status/2021777568400015579) 2026-02-12T02:45Z 13.6K followers, [----] engagements
"Billionaires plan to increase exposure to private equity this year But increase their exposure directly not through fund of funds How Billionaires Plan to Invest in [----] 💰 https://t.co/B3me4gRVRy https://t.co/9bv02Hh4Q3 How Billionaires Plan to Invest in [----] 💰 https://t.co/B3me4gRVRy https://t.co/9bv02Hh4Q3"
[X Link](https://x.com/Will_Schryver/status/2021912749727703225) 2026-02-12T11:42Z 13.6K followers, [----] engagements
"Earlier this year I told some investors that I expect our HVAC company to generate $8 million in revenue and $3 million in EBITDA which excludes expenses tied to the equipment and labor"
[X Link](https://x.com/Will_Schryver/status/2018112605064212807) 2026-02-02T00:01Z 13.6K followers, [----] engagements
"Alphabet $GOOG plans to sell a 100-year bond (century bond) to finance its AI infrastructure build out Imagine betting on a company avoiding insolvency and paying you back in [----] The [--] largest companies [---] years ago were U.S. Steel Standard Oil and General Motors In a gold rush sell picks and shovels [--] companies are investing $670B in data centers and AI infrastructure this year The capital spending is 2nd only to the Louisiana Purchase which doubled the size of the U.S. Electrical and Mechanical companies will be in high demand to https://t.co/BGSACPsfVg In a gold rush sell picks and"
[X Link](https://x.com/Will_Schryver/status/2021039364927783181) 2026-02-10T01:51Z 13.6K followers, [----] engagements
"AI is accelerating the demand for data centers Invest in the trades required to construct and service these data centers Invest in the picks and shovels needed for this modern day gold rush 🚨 Datacenters are now 7% of total U.S. power demand https://t.co/fA7Sh3sNDr 🚨 Datacenters are now 7% of total U.S. power demand https://t.co/fA7Sh3sNDr"
[X Link](https://x.com/Will_Schryver/status/2022677991692865833) 2026-02-14T14:23Z 13.6K followers, [----] engagements
"Imagine buying an HVAC company on peak earnings using mostly debt and watching the industry decline for [--] years straight Unfortunate reality for a lot of private equity and independent sponsors in home services today"
[X Link](https://x.com/Will_Schryver/status/2021053409319846208) 2026-02-10T02:47Z 13.6K followers, 22.6K engagements
"What part of the cycle are we in when lumberyards trade for 10.7x $QXO is acquiring Kodiak Building Partners for $2.25B Kodiak generated $2.4B revenue / $211M EBITDA Few years ago I was on the sell side for a lumberyard and we were lucky to get 6x PE-backed consolidating platforms targeted 8x upon exit so Kodiak trading for 10x+ is extraordinary https://twitter.com/i/web/status/2021744971091464347 https://twitter.com/i/web/status/2021744971091464347"
[X Link](https://x.com/Will_Schryver/status/2021744971091464347) 2026-02-12T00:35Z 13.6K followers, 55.8K engagements
"Sellers should expect an earn-out rolled equity or seller note when considering a sale Most private equity groups and independent sponsors will include some combination in the structure of the deal I was born at night but I wasnt f*cking born last night. The math aint mathing for me. Sellers reaction to an LOI from private equity Suffice to say he has a few questions about the earn-out in the offer I was born at night but I wasnt f*cking born last night. The math aint mathing for me. Sellers reaction to an LOI from private equity Suffice to say he has a few questions about the earn-out in the"
[X Link](https://x.com/Will_Schryver/status/2021764204537979222) 2026-02-12T01:52Z 13.6K followers, [----] engagements
"Real GDP growth by county Red 0% and Green 3% - 75% of all counties had positive growth - Largest 10% of counties averaged 3% - Smallest 10% of counties averaged -1.5% Whats most surprising to you"
[X Link](https://x.com/Will_Schryver/status/2022317018981261701) 2026-02-13T14:28Z 13.6K followers, [----] engagements
"LA is suing a private equity firm for rolling up an industry and raising prices The county alleges that American Industrial Partners saw an opportunity in merging independent firetruck companies that competed against one another into an industry giant with the power to extract high prices. Wait until the county hears about what PE has done in home services https://twitter.com/i/web/status/2022531371433103421 https://twitter.com/i/web/status/2022531371433103421"
[X Link](https://x.com/Will_Schryver/status/2022531371433103421) 2026-02-14T04:40Z 13.6K followers, [----] engagements
"Bank CEOs making $40 million+ headline will garner negative attention Now consider the value theyve added and then ask if theyre worth $40 million+ Goldman Sachs $GS David Solomon $47 million compensation $84 billion increase in market cap (+47%) Morgan Stanley $MS Ted Pick $45 million compensation $80 billion increase in market cap (+40%) JPMorgan Chase $JPM Jamie Dimon $43 million compensation $202 billion increase in market cap (+30%) Citigroup $C Jane Fraser $42 million compensation $87 billion increase in market cap (+65%) Bank of America $BAC Brian Moynihan $41 million compensation $62"
[X Link](https://x.com/Will_Schryver/status/2022686572261576867) 2026-02-14T14:57Z 13.6K followers, [----] engagements
"One of our partner HVAC companies just dropped this video 🔥 http://www.nolanair.com http://www.nolanair.com"
[X Link](https://x.com/anyuser/status/1902846292843278545) 2025-03-20T22:14Z 13.6K followers, 800.8K engagements
"ROAS. Return On Ad Spend. As an HVAC owner I view the Return part as Gross Profit not Revenue. Ill give you an example why. Lets say we spent $100 in Google Ads that translated to a lead that one of our service technicians converted to a service call. If that service call generated a $500 ticket order the marketing person would celebrate and say we generated a 5.0x ROAS ($500 service ticket / $100 Ads Spend). As the business owner I disagree in how were evaluating the success of this Ad spend. We need to account for the material costs for that service call. And the labor hours for this"
[X Link](https://x.com/Will_Schryver/status/1906117828668710996) 2025-03-29T22:54Z 13.6K followers, 32.9K engagements
"Would you rather buy a Daycare or HVAC SMB I bought an HVAC SMB and it feels like Im running a very expensive Daycare"
[X Link](https://x.com/anyuser/status/1909396459524415492) 2025-04-08T00:02Z 13.6K followers, 82.6K engagements
"Me after making payroll last week at my HVAC company with $68.13 left in the checking account and $176000 of aging AR that still needs to be collected"
[X Link](https://x.com/anyuser/status/1911942296515322341) 2025-04-15T00:39Z 13.6K followers, 4M engagements
"Just finished a screaming match with a general contractor over a $50000 unpaid invoice. Hows your Friday morning going"
[X Link](https://x.com/Will_Schryver/status/1913254940060844506) 2025-04-18T15:34Z 13.6K followers, 187.5K engagements
"I left investment banking to pursue the path of entrepreneurship through acquisition. After acquiring an HVAC company I honestly dont know how Searchers are able to sleep at night with 90% leverage on these small home services companies"
[X Link](https://x.com/anyuser/status/1915944740945858640) 2025-04-26T01:43Z 13.6K followers, 113.8K engagements
"Just made a $74845 credit card payment for HVAC equipment and materials. I put all of our equipment materials gas and miscellaneous supplies on the credit card. The 2% cash back we receive on all purchases helps add to our gross profit margin"
[X Link](https://x.com/anyuser/status/1916898339645256108) 2025-04-28T16:52Z 13.6K followers, 75.7K engagements
"Interviewed [--] experienced HVAC techs today. Both work for private equity-backed HVAC companies. Both are overworked and underpaid. If this is the private equity model in my market I view this as a huge opportunity"
[X Link](https://x.com/anyuser/status/1916988901656310102) 2025-04-28T22:52Z 13.6K followers, 45.3K engagements
"This is what a $73591 investment into growing our HVAC company looks like"
[X Link](https://x.com/anyuser/status/1917327163377717443) 2025-04-29T21:16Z 13.6K followers, 31.1K engagements
"If youre an HVAC Plumbing or Electrical business owner and youre struggling to understand why private equity discounts the value of your business associated with construction and general contractors. Heres a perfect example of why PE doesnt like construction or dealing with GCs 👇🏼"
[X Link](https://x.com/anyuser/status/1918472859199869065) 2025-05-03T01:09Z 13.6K followers, 142.8K engagements
"We are not in the business of lending. We are in the business of installing and servicing HVAC equipment. And this is why this will be our last commercial job"
[X Link](https://x.com/anyuser/status/1918472871120138573) 2025-05-03T01:09Z 13.6K followers, [----] engagements
"Private Equitys reaction to a residential HVAC companys EBITDA margin. Pay attention owners"
[X Link](https://x.com/anyuser/status/1918833457964159385) 2025-05-04T01:02Z 13.6K followers, 33.9K engagements
"As a former Investment Banker and now owner / operator of a residential HVAC company I operate the business as if Ill sell at any moment even though I have no intention of selling for the foreseeable future. Heres a list of things current business owners can start doing to enhance the sale process and potential valuation of your company whether youre selling next year or [--] years from now. 👇🏼"
[X Link](https://x.com/anyuser/status/1919173617348178241) 2025-05-04T23:33Z 13.6K followers, 111.8K engagements
"Another Private Equity-backed residential HVAC Plumbing & Electrical platform trades for 17x EBITDA. $1.1 billion EV on TTM EBITDA of $65 million. Redwood Services was formed [--] years ago and has partnered with [--] businesses serving [------] customers a year. This is the second home services platform to trade for a high teens multiple in less than a year which is exceptionally bullish for the space. Source: @homeprosnews"
[X Link](https://x.com/anyuser/status/1920826915872461216) 2025-05-09T13:03Z 13.6K followers, 63.6K engagements
"Residential HVAC Plumbing & Electrical EBITDA multiples 3x - 5x: Subscale company 5x - 8x: Independents / family owned 8x - 12x: Large independents 12x - 15x: Regional platforms 15x - 20x: Super Regional / National Heres a list of what increases value for these home services companies 👇🏼"
[X Link](https://x.com/anyuser/status/1921349384559788177) 2025-05-10T23:39Z 13.6K followers, 30.2K engagements
"Broker reached out to me with an HVAC company for sale. $650k EBITDA and the seller wants 9.5x EBITDA. Thats a quick pass for me. And Ill save you a lot of time right now and let you know thats going to be a pass for anyone on planet earth with half a brain"
[X Link](https://x.com/anyuser/status/1923060390314865023) 2025-05-15T16:58Z 13.6K followers, 41.5K engagements
"As a former investment banker now turned HVAC owner Im going to disagree and Ill give myself as a good example. Making $500k+ a year either in finance or as an HVAC owner is certainly achievable but theres a massive difference between the two career paths. In banking you will always hit a ceiling as a W2 with your earnings potential. Your output and work effort are not linear with your income potential. And you can never sell your seat at the desk. The value youve added to the firm over the years and decades goes to the firm you cant sell that. As an HVAC owner there is no ceiling to my"
[X Link](https://x.com/anyuser/status/1925361926537630029) 2025-05-22T01:23Z 13.6K followers, 191.6K engagements
"85 year old customer called our HVAC company today because her system was blowing warm air. Our service technician discovered that she couldnt see the thermostat was set to Heat at [--] degrees. We didnt charge her for the service call because it was the right thing to do"
[X Link](https://x.com/anyuser/status/1927910527914643899) 2025-05-29T02:11Z 13.6K followers, 24.8K engagements
"Our top [--] selling service technicians just walked out the door of our HVAC company. Brutal start to the week. By far the biggest challenge in home services is finding and retaining good people"
[X Link](https://x.com/anyuser/status/1929638532085436808) 2025-06-02T20:37Z 13.6K followers, 123K engagements
"As a former investment banker and now owner & operator of a small business I have immense respect for anyone that started a small business in the trades like HVAC Plumbing Electrical Etc and have done this for years or even decades. As a former investment banker I saw a lot and was exposed to a lot of different companies and management teams over the years but as I now understand theres also a lot I wasnt exposed to day to day on the operations side. I know what drives valuation what buyers like private equity firms are looking for how to position your company for a sale process etc but"
[X Link](https://x.com/anyuser/status/1929714625014386777) 2025-06-03T01:39Z 13.6K followers, 40.1K engagements
"As an investment banker I had a good idea of why one company trades for 4x and another for 8x. As an owner & operator I know exactly why one company trades for 4x and another for 8x"
[X Link](https://x.com/anyuser/status/1930033265173299422) 2025-06-03T22:46Z 13.6K followers, 29.6K engagements
"People outside of the HVAC industry dont understand how bad the R-454B refrigerant shortage is. Im willing to make a [----] mile round trip to Chicago from FL to pick up [--] jug just so I can finish one install job for a customer. Cant find this stuff anywhere around the country"
[X Link](https://x.com/anyuser/status/1930769161891852449) 2025-06-05T23:30Z 13.6K followers, 51.8K engagements
"Theres absolutely nothing passive about owning and operating a home services company like HVAC Plumbing Roofing etc. Everyone asking me about buying a home services company but doesnt want to actually operate doesnt have a clue. You have to roll up your sleeves and get dirty. Speak with the customers. Handle issues with employees. Negotiate with vendors. It takes a lot of work to realize that big $ outcome you read about on social media every day"
[X Link](https://x.com/anyuser/status/1934784060657709390) 2025-06-17T01:24Z 13.6K followers, 34.9K engagements
"Got my first letter from a private equity-backed platform interested in acquiring my HVAC company. What do you think should I sell to private equity 😉"
[X Link](https://x.com/anyuser/status/1935504635512676543) 2025-06-19T01:07Z 13.6K followers, 52.4K engagements
"@heydannypeavey 💯"
[X Link](https://x.com/anyuser/status/1935511382310686757) 2025-06-19T01:34Z 13.6K followers, 225.2K engagements
"@SMB_Attorney Exactly"
[X Link](https://x.com/anyuser/status/1935517895439827088) 2025-06-19T02:00Z 13.6K followers, 257.2K engagements
"@SMBDealGuy"
[X Link](https://x.com/anyuser/status/1935523211925499940) 2025-06-19T02:21Z 13.6K followers, 524.3K engagements
"$150 service call fee just to look at our HVAC system that isnt blowing cool air Heres the breakdown of the unit economics behind that one service call fee that homeowners dont understand:"
[X Link](https://x.com/Will_Schryver/status/1935863104744649103) 2025-06-20T00:51Z 13.6K followers, 24K engagements
"I used to think investment banking was challenging work. Now I own an HVAC company and realize operating a small business is 10x more challenging"
[X Link](https://x.com/Will_Schryver/status/1936827898251620364) 2025-06-22T16:45Z 13.6K followers, 54.5K engagements
"My buddy owns an HVAC company here in FL and his competitor sold to private equity for $30 million. $15 million in revenue. Assuming 20% EBITDA margin that would put it at 10x multiple"
[X Link](https://x.com/anyuser/status/1937302145532858470) 2025-06-24T00:09Z 13.6K followers, 145.1K engagements
"Its competitive out there in HVAC. We bid a low margin $7500 replacement install. Another company outbid us by $3500"
[X Link](https://x.com/anyuser/status/1945550456362516753) 2025-07-16T18:25Z 13.6K followers, 44K engagements
"How I passively own an HVAC company. General contractor threatens to call the cops on me. Technician rams the new $70000 van into a concrete pole at the gas station. $174000 in aging AR 90+ days past due. Service tech quits via text after [--] days and threatens to sue me. Customers dining room ceiling floods from a recent install. Credit card accidentally cancelled. Suppliers decline equipment purchases and utility company shuts off power. Customer service representative doesnt show up for [--] days. Install crew installed the wrong equipment in the right house. Install crew installed the right"
[X Link](https://x.com/anyuser/status/1946305902610620588) 2025-07-18T20:27Z 13.6K followers, 117.7K engagements
"Im at an HVAC conference this week. Here are the top [--] trending topics: [--]. AI [--]. AI [--]. AI [--]. AI [--]. AI [--]. AI [--]. AI [--]. Private Equity [--]. EBITDA [--]. Carriers management commentary at the Morgan Stanley conference on the challenging state of the residential HVAC market and their bearish outlook for a 40% YoY decline in volume"
[X Link](https://x.com/anyuser/status/1968860154373472574) 2025-09-19T02:10Z 13.6K followers, 120.1K engagements
"I buy HVAC companies the same way people buy houses: Find a good one get a loan and make payments from the income it produces. Except HVAC companies pay better than rental properties. And I dont have to deal with tenants calling me at midnight. Instead I have to deal with: Customer calls/texts complaints starting at 6am and ending around 11pm GC project manager threatens to call the cops on you Employee crashes van into a gas pump Van breaks down on the interstate first thing in the morning and is out of commission for [--] days Installers install the wrong equipment at the right house"
[X Link](https://x.com/anyuser/status/1969480304151970189) 2025-09-20T19:14Z 13.6K followers, 117.5K engagements
"We are wrapping up a $500K HVAC construction project and I swear it will be our last. Even if another HVAC construction job for $1M came up Id pass immediately. It has nothing to do with the EBITDA multiple of the company and how Private Equity buyers view construction. It is about executing the construction project. The amount of brain damage involved for low margin high working capital intensive jobs is simply not worth the big ticket $ revenue"
[X Link](https://x.com/anyuser/status/1970667333648597008) 2025-09-24T01:51Z 13.6K followers, 39.5K engagements
"If you think investment banking is tough try running a sub-scale HVAC company"
[X Link](https://x.com/anyuser/status/1975008025137250738) 2025-10-06T01:19Z 13.6K followers, 51.4K engagements
"If you think investment banking is tough try running a sub-scale HVAC company. If you think investment banking is tough try running a sub-scale HVAC company"
[X Link](https://x.com/anyuser/status/1975366365549896111) 2025-10-07T01:03Z 13.6K followers, 29.3K engagements
"If youre in sales do not use the words bud or buddy when speaking with a prospective client. Ever"
[X Link](https://x.com/anyuser/status/1975368161907376400) 2025-10-07T01:10Z 13.6K followers, 78.5K engagements
"I took a similar approach with our small HVAC company. The difference between $25/hr and $30/hr is massive. Pay employees more and you attract the right talent lower turnover increase morale and increase productivity. Customers take notice of a happier more professional and more reliable workforce. Its a feedback loop that ultimately creates a win for the employee the customer and the company. This fall Walmarts story will be taught at Harvard Business School as a case study of success. In [----] Walmart raised pay for nearly half of its [--] million hourly workers - not out of benevolence but"
[X Link](https://x.com/anyuser/status/1979595751631302677) 2025-10-18T17:09Z 13.6K followers, 85.7K engagements
"A Fortune [---] company CFO once told me theres no such thing as work-life balance in finance if youre going to be successful. He was successful. And single with no kids. "'Work-life balance' will keep you mediocre" per WSJ opinion. Do you agree https://t.co/XAxZhNqSwd "'Work-life balance' will keep you mediocre" per WSJ opinion. Do you agree https://t.co/XAxZhNqSwd"
[X Link](https://x.com/anyuser/status/1980060398046027900) 2025-10-19T23:56Z 13.6K followers, 128.3K engagements
"Billy this is called multiple arbitrage. We buy a bunch of sub-scale HVAC companies for 5x put them together as a platform and sell the whole thing for 16x"
[X Link](https://x.com/anyuser/status/1982205602261614764) 2025-10-25T22:00Z 13.6K followers, 32.6K engagements
"Seeing another post about that guy that paid off a 2.625% mortgage"
[X Link](https://x.com/Will_Schryver/status/1982509474884825101) 2025-10-26T18:07Z 13.6K followers, 268.8K engagements
"Today is the first day Ive legit thought about quitting my HVAC company. And Im the owner"
[X Link](https://x.com/Will_Schryver/status/1982976878102159526) 2025-10-28T01:05Z 13.6K followers, 93.2K engagements
"My background is investment banking / M&A / Finance. Not operations. Since buying an HVAC company Im getting a crash course Ph D in operations"
[X Link](https://x.com/anyuser/status/1984046455003197908) 2025-10-30T23:55Z 13.6K followers, 31.2K engagements
"This is insane. HVAC tech makes $130K a year. Top earner at the company. Quits on the spot. Why I aint starting at 7:30AM"
[X Link](https://x.com/anyuser/status/1984727359920959589) 2025-11-01T21:00Z 13.6K followers, 467.3K engagements
"@ryanelliott Hes an installer. Cant have installs with customers start that late in the day. Service yes you can stagger shifts"
[X Link](https://x.com/anyuser/status/1984743271222927863) 2025-11-01T22:04Z 13.6K followers, 47.5K engagements
"Now you know where private equity is willing to pay a premium for a commercial HVAC company Crazy stat: 72% of all US data-center capacity is sitting in just 1% of counties. https://t.co/mhfvgpq3vq Crazy stat: 72% of all US data-center capacity is sitting in just 1% of counties. https://t.co/mhfvgpq3vq"
[X Link](https://x.com/anyuser/status/1985895833401807355) 2025-11-05T02:23Z 13.6K followers, 72.5K engagements
"This is why private equity is all in on home services like HVAC plumbing & electrical companies Capital light vs capital heavy businesses: https://t.co/f91BF1ozw1 Capital light vs capital heavy businesses: https://t.co/f91BF1ozw1"
[X Link](https://x.com/anyuser/status/1987649019766534408) 2025-11-09T22:30Z 13.6K followers, 51.1K engagements
"The value of liquidity is huge and is often overlooked for the shiny object of outsized returns. As an owner of an SMB and RE I greatly value liquidity over returns for my next investment dollar. Great article here. You should get a risk-adjusted premium for illiquidity but it seems more often than not you don't. I am increasingly wary of illiquid investments (in fact selling a RE property right now). I basically want maximum flexibility and can live with closer to Great article here. You should get a risk-adjusted premium for illiquidity but it seems more often than not you don't. I am"
[X Link](https://x.com/Will_Schryver/status/1990931460048453789) 2025-11-18T23:53Z 13.6K followers, [----] engagements
"Some of my HVAC customers"
[X Link](https://x.com/anyuser/status/1935500355007078497) 2025-06-19T00:50Z 13.6K followers, 10.1M engagements
"Me after making payroll last week at my HVAC company with $68.13 left in the checking account and $176000 of aging AR that still needs to be collected"
[X Link](https://x.com/anyuser/status/1911942296515322341) 2025-04-15T00:39Z 13.6K followers, 4M engagements
"Seeing another post about that guy that paid off a 2.625% mortgage"
[X Link](https://x.com/Will_Schryver/status/1982509474884825101) 2025-10-26T18:07Z 13.6K followers, 268.8K engagements
"This is insane. HVAC tech makes $130K a year. Top earner at the company. Quits on the spot. Why I aint starting at 7:30AM"
[X Link](https://x.com/anyuser/status/1984727359920959589) 2025-11-01T21:00Z 13.6K followers, 467.3K engagements
"Grok [--] is by far the best Investment Banking Analyst I've ever worked with"
[X Link](https://x.com/anyuser/status/1893784750675939694) 2025-02-23T22:07Z 13.6K followers, 667.5K engagements
"@SMBDealGuy"
[X Link](https://x.com/anyuser/status/1935523211925499940) 2025-06-19T02:21Z 13.6K followers, 524.3K engagements
"@SMB_Attorney Exactly"
[X Link](https://x.com/anyuser/status/1935517895439827088) 2025-06-19T02:00Z 13.6K followers, 257.2K engagements
"My buddy owns an HVAC company here in FL and his competitor sold to private equity for $30 million. $15 million in revenue. Assuming 20% EBITDA margin that would put it at 10x multiple"
[X Link](https://x.com/anyuser/status/1937302145532858470) 2025-06-24T00:09Z 13.6K followers, 145.1K engagements
"Former Investment Banking buddy is closing on an $18 million acquisition this week. He and is partner will put in $500k each (5.5% of EV) for control and majority of equity. $17 million or 94.5% of sources will be Senior SBA debt Seller Note rolled equity and passive investors. Searcher deal economics are absolutely wild. Blows away the 2/20 private equity model"
[X Link](https://x.com/anyuser/status/1898889393324056807) 2025-03-10T00:11Z 13.6K followers, 250.9K engagements
"Buckle up investment bankers and private equity investors M&A is going to be great again"
[X Link](https://x.com/anyuser/status/1854164950333214912) 2024-11-06T14:12Z 13.6K followers, 153.5K engagements
"Im at an HVAC conference this week. Here are the top [--] trending topics: [--]. AI [--]. AI [--]. AI [--]. AI [--]. AI [--]. AI [--]. AI [--]. Private Equity [--]. EBITDA [--]. Carriers management commentary at the Morgan Stanley conference on the challenging state of the residential HVAC market and their bearish outlook for a 40% YoY decline in volume"
[X Link](https://x.com/anyuser/status/1968860154373472574) 2025-09-19T02:10Z 13.6K followers, 120.1K engagements
"If youre in sales do not use the words bud or buddy when speaking with a prospective client. Ever"
[X Link](https://x.com/anyuser/status/1975368161907376400) 2025-10-07T01:10Z 13.6K followers, 78.5K engagements
"I used to wonder why small business owners never had their cell number on business cards. Now I know exactly why. Never again"
[X Link](https://x.com/anyuser/status/1985473648447062026) 2025-11-03T22:26Z 13.6K followers, 120.4K engagements
"This is quite the read from the WSJ for a Sunday morning. Id love to say you could cut junior investment bankers hours to [--] - [--] hours a week but in many cases its just not possible. Sure you can definitely cut out a lot of inefficiencies (e.g. shifting logos around) and ridiculous 100+ page marketing materials that most will only read 20% of. But what about the corporate client that wants to present a big transformative acquisition or merger and needs your insight in putting together the materials for the Board asap Or the demanding private equity client that wants to run a dual track sell"
[X Link](https://x.com/anyuser/status/1868301484628070612) 2024-12-15T14:25Z 13.6K followers, 233.9K engagements
"Investment banking analyst shifting logos on a CIM and tweaking the LBO model at 3am on Saturday for the sell-side mandate of a lumberyard roll-up portco of Angeles Equity Partners. Analyst: I'm happy to work [---] hours this week because I find this interesting. Absolutely insane take from Lazard CEO https://t.co/NYRXvrmyCy Absolutely insane take from Lazard CEO https://t.co/NYRXvrmyCy"
[X Link](https://x.com/anyuser/status/1836023399207870843) 2024-09-17T12:44Z 13.6K followers, 504K engagements
"Absolutely insane take from Lazard CEO"
[X Link](https://x.com/anyuser/status/1836009396968869932) 2024-09-17T11:48Z 28.7K followers, 358.3K engagements
"@JFF_Electric It really does"
[X Link](https://x.com/anyuser/status/1935508166067855665) 2025-06-19T01:21Z 13.6K followers, 358.9K engagements
"A Fortune [---] company CFO once told me theres no such thing as work-life balance in finance if youre going to be successful. He was successful. And single with no kids. "'Work-life balance' will keep you mediocre" per WSJ opinion. Do you agree https://t.co/XAxZhNqSwd "'Work-life balance' will keep you mediocre" per WSJ opinion. Do you agree https://t.co/XAxZhNqSwd"
[X Link](https://x.com/anyuser/status/1980060398046027900) 2025-10-19T23:56Z 13.6K followers, 128.3K engagements
""'Work-life balance' will keep you mediocre" per WSJ opinion. Do you agree"
[X Link](https://x.com/anyuser/status/1979910657161183440) 2025-10-19T14:01Z 3.2M followers, 3.6M engagements
"Met with an HVAC owner today interested in selling to private equity. If I sell for $20m Im going to be in a tight position financially. Me: How Private school kids going out and kids vehicles thats $500k. Plus our cars two 10k sq ft houses and a few vacations to the Caribbean is another $500k easy. And our boat so on top of the $1m already mentioned. I just dont know how wed get by selling for $20m"
[X Link](https://x.com/anyuser/status/1889501696276971967) 2025-02-12T02:28Z 13.6K followers, 199K engagements
"How I passively own an HVAC company. General contractor threatens to call the cops on me. Technician rams the new $70000 van into a concrete pole at the gas station. $174000 in aging AR 90+ days past due. Service tech quits via text after [--] days and threatens to sue me. Customers dining room ceiling floods from a recent install. Credit card accidentally cancelled. Suppliers decline equipment purchases and utility company shuts off power. Customer service representative doesnt show up for [--] days. Install crew installed the wrong equipment in the right house. Install crew installed the right"
[X Link](https://x.com/anyuser/status/1946305902610620588) 2025-07-18T20:27Z 13.6K followers, 117.7K engagements
"Private equity giant Blackstone is nearing a deal for Jersey Mikes that would value the company at $8 billion and the CEO owns the company outright. Peter Cancro who started working at one location at age [--] in [----] scraped together the money to buy Mikes Subs in [----] and remains CEO today. SMB owners / operators find your niche and run with it. It could be worth billions. Source: WSJ"
[X Link](https://x.com/anyuser/status/1858697107743666222) 2024-11-19T02:21Z 13.6K followers, 161.6K engagements
"I left investment banking to pursue the path of entrepreneurship through acquisition. After acquiring an HVAC company I honestly dont know how Searchers are able to sleep at night with 90% leverage on these small home services companies"
[X Link](https://x.com/anyuser/status/1915944740945858640) 2025-04-26T01:43Z 13.6K followers, 113.8K engagements
"Our top [--] selling service technicians just walked out the door of our HVAC company. Brutal start to the week. By far the biggest challenge in home services is finding and retaining good people"
[X Link](https://x.com/anyuser/status/1929638532085436808) 2025-06-02T20:37Z 13.6K followers, 123K engagements
"As a former investment banker now turned HVAC owner Im going to disagree and Ill give myself as a good example. Making $500k+ a year either in finance or as an HVAC owner is certainly achievable but theres a massive difference between the two career paths. In banking you will always hit a ceiling as a W2 with your earnings potential. Your output and work effort are not linear with your income potential. And you can never sell your seat at the desk. The value youve added to the firm over the years and decades goes to the firm you cant sell that. As an HVAC owner there is no ceiling to my"
[X Link](https://x.com/anyuser/status/1925361926537630029) 2025-05-22T01:23Z 13.6K followers, 191.6K engagements
"A lot of Harvard and Wharton MBAs wont like hearing this but you will likely make a lot more money working in finance vs buying a family HVAC business with 80% debt"
[X Link](https://x.com/anyuser/status/1925168615420018735) 2025-05-21T12:35Z 155.4K followers, 991.5K engagements
"If youre an HVAC Plumbing or Electrical business owner and youre struggling to understand why private equity discounts the value of your business associated with construction and general contractors. Heres a perfect example of why PE doesnt like construction or dealing with GCs 👇🏼"
[X Link](https://x.com/anyuser/status/1918472859199869065) 2025-05-03T01:09Z 13.6K followers, 142.8K engagements
"@GratefulCigars We do both. Primarily residential but we definitely do commercial with the right customers"
[X Link](https://x.com/Will_Schryver/status/1935516747781775411) 2025-06-19T01:55Z 13.6K followers, 200.4K engagements
"As a former Investment Banker and now owner / operator of a residential HVAC company I operate the business as if Ill sell at any moment even though I have no intention of selling for the foreseeable future. Heres a list of things current business owners can start doing to enhance the sale process and potential valuation of your company whether youre selling next year or [--] years from now. 👇🏼"
[X Link](https://x.com/anyuser/status/1919173617348178241) 2025-05-04T23:33Z 13.6K followers, 111.8K engagements
"I left my investment banking career behind making $500K+ a year to buy and build an HVAC SMB. It wasnt for the paycheck. Ill make a fraction of what a made in banking and SMB ownership doesnt carry the same security as a W2 employee. It wasnt for the work/life balance. In banking I was constantly on my phone taking the next call text email etc. Nights weekends and holidays. With SMB ownership its no different. I liked the idea of betting on myself. If Im willing to put in the same amount of effort and hours into building something I might as well do it for myself and not someone else. In"
[X Link](https://x.com/anyuser/status/1851775357713551852) 2024-10-30T23:57Z 13.6K followers, 145K engagements
"Private equity is going all in on the home services space. I spoke with one of the largest private equity groups and theyre literally building portfolio companies for every vertical around the home. Its not just HVAC and Plumbing. Every vertical"
[X Link](https://x.com/anyuser/status/1858327704463880617) 2024-11-18T01:53Z 13.6K followers, 128.2K engagements
"When I was in investment banking we would heavily discount LOIs from private equity that included earn-outs. I can think of only [--] successful sell-side M&A transactions that included an earn-out. Earn-outs can get messy and the goal posts to achieving a full payout can be nearly unattainable"
[X Link](https://x.com/anyuser/status/1901343275174559786) 2025-03-16T18:42Z 13.6K followers, 100.2K engagements
"LBO Model for an NFL Team Assume a private equity firm could buyout a NFL team as opposed to the 10% cap. Let's see what the returns would look like in a simple LBO model. The average NFL team is valued at $6.5 billion and generates on average $640 million in revenue and $127 EBITDA (19.8%). That's a staggering 10.2x multiple of revenue and 51.2x EBITDA(). And I thought HVAC was high. To finance the transaction we're going to get some senior debt and lever up to the league's max limit - $1.4 billion. That leaves the remaining all equity - $5.1 billion. Assumptions Total Debt: $1.4 billion"
[X Link](https://x.com/anyuser/status/1831691236626841855) 2024-09-05T13:49Z 13.6K followers, 125.4K engagements
"Ramblings of a (recovering) investment banker: When I was a junior banker we were working on a sell-side mandate that had at best a 50-50 chance of closing. Highly cyclical business and the economy was shakey. You get the picture. Not great. Grinding away on the CIM all week I decide to power down around 12am on Friday. Saturday morning at 8am working with the family to the local park. *ring* *ring* from the cell phone and its my MD. Answer the call. MD: Where the f*ck are you right now Me: Uh its Saturday morning. Im with my family. Whats going on MD: This f*cking deal is blowing up right"
[X Link](https://x.com/anyuser/status/1828977390271246342) 2024-08-29T02:06Z 13.6K followers, 1M engagements
"Billy this is called multiple arbitrage. We buy a bunch of sub-scale HVAC companies for 5x put them together as a platform and sell the whole thing for 16x"
[X Link](https://x.com/anyuser/status/1982205602261614764) 2025-10-25T22:00Z 13.6K followers, 32.6K engagements
"I buy HVAC companies the same way people buy houses: Find a good one get a loan and make payments from the income it produces. Except HVAC companies pay better than rental properties. And I dont have to deal with tenants calling me at midnight. Instead I have to deal with: Customer calls/texts complaints starting at 6am and ending around 11pm GC project manager threatens to call the cops on you Employee crashes van into a gas pump Van breaks down on the interstate first thing in the morning and is out of commission for [--] days Installers install the wrong equipment at the right house"
[X Link](https://x.com/anyuser/status/1969480304151970189) 2025-09-20T19:14Z 13.6K followers, 117.5K engagements
"I buy businesses the same way people buy houses: Find a good one get a loan and make payments from the income it produces. Except businesses pay better than rental properties. & I don't have to deal with tenants calling at midnight"
[X Link](https://x.com/anyuser/status/1969452086279491954) 2025-09-20T17:22Z 164.9K followers, 111.2K engagements
"Today is the first day Ive legit thought about quitting my HVAC company. And Im the owner"
[X Link](https://x.com/Will_Schryver/status/1982976878102159526) 2025-10-28T01:05Z 13.6K followers, 93.2K engagements
"Im convinced SMB Searchers should stay away from home services. Unless you have direct experience managing blue collar employees youre setting yourself and the company up for failure. Trust me your white collar corporate experience doesnt translate"
[X Link](https://x.com/anyuser/status/1901442087981142192) 2025-03-17T01:14Z 13.6K followers, 107.5K engagements
"I used to think investment banking was challenging work. Now I own an HVAC company and realize operating a small business is 10x more challenging"
[X Link](https://x.com/Will_Schryver/status/1936827898251620364) 2025-06-22T16:45Z 13.6K followers, 54.5K engagements
"Just made a $74845 credit card payment for HVAC equipment and materials. I put all of our equipment materials gas and miscellaneous supplies on the credit card. The 2% cash back we receive on all purchases helps add to our gross profit margin"
[X Link](https://x.com/anyuser/status/1916898339645256108) 2025-04-28T16:52Z 13.6K followers, 75.7K engagements
"Lets say you buy an HVAC company and then your lead installer demands a 20% raise. And hes a leader in the company so if he leaves 50% of the techs leave. Whats your move"
[X Link](https://x.com/Will_Schryver/status/1898151064165400982) 2025-03-07T23:17Z 13.6K followers, 161.8K engagements
"People outside of the HVAC industry dont understand how bad the R-454B refrigerant shortage is. Im willing to make a [----] mile round trip to Chicago from FL to pick up [--] jug just so I can finish one install job for a customer. Cant find this stuff anywhere around the country"
[X Link](https://x.com/anyuser/status/1930769161891852449) 2025-06-05T23:30Z 13.6K followers, 51.8K engagements
"I drove [--] hours roundtrip just to have lunch with an HVAC owner interested in selling his business. Within [--] minutes I knew I was passing"
[X Link](https://x.com/anyuser/status/1900724861657301484) 2025-03-15T01:44Z 13.6K followers, 117.4K engagements
"@heydannypeavey 💯"
[X Link](https://x.com/anyuser/status/1935511382310686757) 2025-06-19T01:34Z 13.6K followers, 225.2K engagements
"Would you rather buy a Daycare or HVAC SMB I bought an HVAC SMB and it feels like Im running a very expensive Daycare"
[X Link](https://x.com/anyuser/status/1909396459524415492) 2025-04-08T00:02Z 13.6K followers, 82.6K engagements
"As a former investment banker I can tell you this is terrible advice. Good luck selling a [--] lumberyards with consolidated $10m EBITDA for 10x - 12x because it will never happen. On the other hand if this is $10m of residential HVAC SMBs it should trade for 13x - 15x. Industrial HVAC with $10m EBITDA its worth maybe 7x - 8x (if youre lucky). Just because youve aggregated $10m of EBITDA in X industry does not mean a buyer in step in by default and pay a minimum of 10x. Know your industry before doing a roll up. I'm doing a "rollup". If you own multiple firms & total cash flow is over $10M a"
[X Link](https://x.com/anyuser/status/1865448680230424830) 2024-12-07T17:29Z 13.6K followers, 134.8K engagements
"I'm doing a "rollup". If you own multiple firms & total cash flow is over $10M a year you can sell all the firms for 10x to 12x cash flow. That's a $100M to $120M payout. Here's how I'm doing it using other people's money:"
[X Link](https://x.com/anyuser/status/1865036324173906353) 2024-12-06T14:11Z 164.9K followers, 164.1K engagements
"The true path to generational wealth is being an equity holder not an SG&A expense line item in operating expenses"
[X Link](https://x.com/anyuser/status/1860740325146345525) 2024-11-24T17:40Z 13.6K followers, 28.1K engagements
"Aspiring investment banking senior bankers/MDs looking for that $1 million+ comp this is what youre signing up for. Typical week looks like this: Sunday: Fly out NY to DFW Monday: DFW morning pitch + [--] PEG meetings Back to the airport Dozens of calls/emails DFW to LAX Tuesday: Management presentation Check in [--] PEG meetings Dozens more of calls/emails to catch up Redeye to ATL Wednesday: No sleep. [--] hour drive to the hotel to shower shave and change. Drive to next meeting. [--] hour kickoff meeting w/ client. Client is p*ssed off about something. Take [--] more calls on the drive back to the"
[X Link](https://x.com/anyuser/status/1849285261252841968) 2024-10-24T03:02Z 13.6K followers, 147.7K engagements
"As an investment banker I worked every major holiday - Christmas New Years Eve etc. all the big ones with family. Stepped away from the dinner table to take urgent calls in my office or stepped outside to chat with a client countless times. Usually it was our private equity clients that were more demanding regardless of what day it was on the calendar. Sometimes it was warranted. But most of the time the requests could have waited a day. Working on a major holiday feels very different as an SMB owner / entrepreneur. I dont mind getting some work done because Im working for my own benefit not"
[X Link](https://x.com/anyuser/status/1872017937307251141) 2024-12-25T20:33Z 13.6K followers, 82.2K engagements
"85 year old customer called our HVAC company today because her system was blowing warm air. Our service technician discovered that she couldnt see the thermostat was set to Heat at [--] degrees. We didnt charge her for the service call because it was the right thing to do"
[X Link](https://x.com/anyuser/status/1927910527914643899) 2025-05-29T02:11Z 13.6K followers, 24.8K engagements
"Im a firm believer that most mid level investment bankers senior associates and vice presidents would make for excellent owner / operators of SMBs but so many are worried about the career risk of the move and never take the leap toward entrepreneurship"
[X Link](https://x.com/anyuser/status/1855436278885417404) 2024-11-10T02:24Z 13.6K followers, 72.3K engagements
"EBITDA. HVAC business owner and his broker have never heard of it. I told them this is a problem"
[X Link](https://x.com/Will_Schryver/status/1902172933738410436) 2025-03-19T01:39Z 13.6K followers, 132.2K engagements
"My background is investment banking / M&A / Finance. Not operations. Since buying an HVAC company Im getting a crash course Ph D in operations"
[X Link](https://x.com/anyuser/status/1984046455003197908) 2025-10-30T23:55Z 13.6K followers, 31.2K engagements
"Love seeing our guys at Nolan Air on the road serving homeowners in the Tampa Bay Area making sure they can beat the Florida heat 💪🏼 http://www.nolanair.com http://www.nolanair.com"
[X Link](https://x.com/anyuser/status/1898897334429229118) 2025-03-10T00:42Z 13.6K followers, 723.8K engagements
"The largest M&A transaction Ive worked on was just under $600 million and the smallest is currently less than $5 million. The time and energy spent on the small deals is about the same amount spent on the larger deals. Sometimes even more. That $1m EBITDA deal is going to take the same level of DD brain damage as the $10m EBITDA deal. At least with the $10m EBITDA deal you have [--] headache rather than [--] little headaches to get to the same spot. Maybe thats one reason why buyers tend to pay a little more for a larger asset. Ceteris paribus"
[X Link](https://x.com/anyuser/status/1869185052522783059) 2024-12-18T00:56Z 13.6K followers, 48.1K engagements
"To be successful in investment banking there are [--] very different skill sets required. Associates/Analysts: Grinders Doers Follow the direction and guidance from the VP. Your job is to complete whatever task is in front of you as quickly as possible without an errors (or very few). Vice President: Project Manager Quarterback Make your MD/Director look good/smart and ensure that everything is on track with live deals and upcoming pitches. Run point on 90% of the transaction once a live mandate is signed up. Managing Director/Director: Sales Rainmaker Fees to the firm. That is your mandate and"
[X Link](https://x.com/anyuser/status/1869568348037468191) 2024-12-19T02:20Z 13.6K followers, 45.6K engagements
"As a former investment banker and now owner & operator of a small business I have immense respect for anyone that started a small business in the trades like HVAC Plumbing Electrical Etc and have done this for years or even decades. As a former investment banker I saw a lot and was exposed to a lot of different companies and management teams over the years but as I now understand theres also a lot I wasnt exposed to day to day on the operations side. I know what drives valuation what buyers like private equity firms are looking for how to position your company for a sale process etc but"
[X Link](https://x.com/anyuser/status/1929714625014386777) 2025-06-03T01:39Z 13.6K followers, 40.1K engagements
"If you think investment banking is tough try running a sub-scale HVAC company. If you think investment banking is tough try running a sub-scale HVAC company"
[X Link](https://x.com/anyuser/status/1975366365549896111) 2025-10-07T01:03Z 13.6K followers, 29.3K engagements
"If you think investment banking is tough try running a sub-scale HVAC company"
[X Link](https://x.com/anyuser/status/1975008025137250738) 2025-10-06T01:19Z 13.6K followers, 51.4K engagements
"Theres a reason why one HVAC Plumbing & Electrical company will trade for 5x and another for 12x. And why the private equity-backed platforms trade for 17x - 20x+. Key company attributes that influence valuation"
[X Link](https://x.com/anyuser/status/1881782320262414493) 2025-01-21T19:14Z 13.6K followers, 75.5K engagements
"Im once again reminded why I hate working with PE and realize most people in the industry truly do not give a sh*t about anything other than the IRR in their little excel spreadsheets"
[X Link](https://x.com/anyuser/status/1833205417926922737) 2024-09-09T18:06Z 13.6K followers, 61.1K engagements
"This is why private equity is all in on home services like HVAC plumbing & electrical companies Capital light vs capital heavy businesses: https://t.co/f91BF1ozw1 Capital light vs capital heavy businesses: https://t.co/f91BF1ozw1"
[X Link](https://x.com/anyuser/status/1987649019766534408) 2025-11-09T22:30Z 13.6K followers, 51.1K engagements
"Capital light vs capital heavy businesses:"
[X Link](https://x.com/anyuser/status/1987444869736894782) 2025-11-09T08:59Z 120.7K followers, 100.9K engagements
"Interviewed [--] experienced HVAC techs today. Both work for private equity-backed HVAC companies. Both are overworked and underpaid. If this is the private equity model in my market I view this as a huge opportunity"
[X Link](https://x.com/anyuser/status/1916988901656310102) 2025-04-28T22:52Z 13.6K followers, 45.3K engagements
"@ryanelliott Hes an installer. Cant have installs with customers start that late in the day. Service yes you can stagger shifts"
[X Link](https://x.com/anyuser/status/1984743271222927863) 2025-11-01T22:04Z 13.6K followers, 47.5K engagements
"Private Equity playbook for residential HVAC Plumbing & Electrical: Acquire independents for 5x - 8x with EBITDA generally falling between $750k - $1.5m. Have the selling owner remain in place to run the brand at the local level while the platform provides centralized back office support. Integrate all brands with each on the same systems - ServiceTitan Sage Intacct and ADP. Grow the platform inorganically through additional acquisitions and organically until the platform achieves $25m+ in adjusted EBITDA. PE exits the platform investment that trades for 17x - 20x adjusted EBITDA. Sila"
[X Link](https://x.com/anyuser/status/1862969313906291135) 2024-11-30T21:17Z 13.6K followers, 44.6K engagements
"As an investment banker I had a good idea of why one company trades for 4x and another for 8x. As an owner & operator I know exactly why one company trades for 4x and another for 8x"
[X Link](https://x.com/anyuser/status/1930033265173299422) 2025-06-03T22:46Z 13.6K followers, 29.6K engagements
"In the last [--] months Im aware of at [--] massive private equity-backed HVAC Plumbing & Electrical platform implosions"
[X Link](https://x.com/anyuser/status/1892044397270757682) 2025-02-19T02:51Z 13.6K followers, 52.6K engagements
"Broker reached out to me with an HVAC company for sale. $650k EBITDA and the seller wants 9.5x EBITDA. Thats a quick pass for me. And Ill save you a lot of time right now and let you know thats going to be a pass for anyone on planet earth with half a brain"
[X Link](https://x.com/anyuser/status/1923060390314865023) 2025-05-15T16:58Z 13.6K followers, 41.5K engagements
"Back in my investment banking days I had a client walk away from a management presentation with a private equity group and he said to me F*ck that guy. I dont care how much hes offering to pay for my company Im not selling to that guy M&A is as much about building relationships as it is about structuring a great deal and making a strong offer for an SMB. If the principals dont make a connection its going to be exceptionally difficult to get a deal done. The SMB seller wants to have confidence their company employees and customers are in good hands with the right partner after the wires go out"
[X Link](https://x.com/anyuser/status/1855292851992617117) 2024-11-09T16:54Z 13.6K followers, 42.1K engagements
"Im quickly realizing the younger generation isnt cut out to work in the trades. Just fired a [--] yr old kid after giving him half a dozen second chances. Planning to hire HVAC technicians with a minimum of 8+ years of experience"
[X Link](https://x.com/Will_Schryver/status/1912291151035462087) 2025-04-15T23:45Z 13.6K followers, 56K engagements
"This is what a $73591 investment into growing our HVAC company looks like"
[X Link](https://x.com/anyuser/status/1917327163377717443) 2025-04-29T21:16Z 13.6K followers, 31.1K engagements
"Its official. Today I officially resigned from Investment Banking. And in the new few weeks I will leave behind the security of a W2 job and embark on the unknown of entrepreneurship. My focus going forward will be buying and building vs sell-side M&A advisory. Ill be actively pursuing opportunities in the #homeservices same and hope to expand my network on this #X platform along the way. Looking forward to the next chapter. 🫡 #SMB #Entrepreneurship #InvestmentOpportunity"
[X Link](https://x.com/anyuser/status/1780285154180685826) 2024-04-16T17:20Z 13.6K followers, 123.1K engagements
"Its competitive out there in HVAC. We bid a low margin $7500 replacement install. Another company outbid us by $3500"
[X Link](https://x.com/anyuser/status/1945550456362516753) 2025-07-16T18:25Z 13.6K followers, 44K engagements
"Im seriously considering starting an M&A advisory firm focused on home services to give business owners an alternative to the generalist business brokers out there"
[X Link](https://x.com/anyuser/status/1916525053052703032) 2025-04-27T16:09Z 13.6K followers, 67.3K engagements
"Private Equitys reaction to a residential HVAC companys EBITDA margin. Pay attention owners"
[X Link](https://x.com/anyuser/status/1918833457964159385) 2025-05-04T01:02Z 13.6K followers, 33.9K engagements
"@WrightBran14434 Pretty much what I do on a daily basis now"
[X Link](https://x.com/Will_Schryver/status/1911956917133463830) 2025-04-15T01:37Z 13.6K followers, 85K engagements
"EV/EBITDA multiples for residential HVAC Plumbing & Electrical 20x+ National / super regional platforms 16x - 18x Large regional platforms 12x - 15x Emerging platforms 10x - 12x Large sophisticated independents 5x - 8x Single location independents 3x - 4x Micro mom & pop independents The wide range of multiples are driven by a number of factors. - Scale - Management team - Systems - Recurring revenue - Mix of new construction vs replacement & service - Mix of residential vs light commercial - Organic vs inorganic growth Just to name a few"
[X Link](https://x.com/anyuser/status/1837880314573852683) 2024-09-22T15:43Z 13.6K followers, 58.5K engagements
"Another Private Equity-backed residential HVAC Plumbing & Electrical platform trades for 17x EBITDA. $1.1 billion EV on TTM EBITDA of $65 million. Redwood Services was formed [--] years ago and has partnered with [--] businesses serving [------] customers a year. This is the second home services platform to trade for a high teens multiple in less than a year which is exceptionally bullish for the space. Source: @homeprosnews"
[X Link](https://x.com/anyuser/status/1920826915872461216) 2025-05-09T13:03Z 13.6K followers, 63.6K engagements
"We are wrapping up a $500K HVAC construction project and I swear it will be our last. Even if another HVAC construction job for $1M came up Id pass immediately. It has nothing to do with the EBITDA multiple of the company and how Private Equity buyers view construction. It is about executing the construction project. The amount of brain damage involved for low margin high working capital intensive jobs is simply not worth the big ticket $ revenue"
[X Link](https://x.com/anyuser/status/1970667333648597008) 2025-09-24T01:51Z 13.6K followers, 39.5K engagements
"The take-private offer for 7-Eleven would be the largest leveraged buyout (LBO) deal ever if it goes through. $58 billion offer represents 9x EBITDA and the investor group is financing it with $38.7 billion in debt 6x EBITDA. Youll need to make some aggressive growth assumptions for roller dogs and slurpees in the LBO model to service the debt"
[X Link](https://x.com/anyuser/status/1857782468998475917) 2024-11-16T13:47Z 13.6K followers, 47.1K engagements
"If tariffs are now being rolled back will my HVAC vendors now roll back their recent price increases 🤔"
[X Link](https://x.com/Will_Schryver/status/1922273941411823711) 2025-05-13T12:53Z 13.6K followers, 31.5K engagements
"Now you know where private equity is willing to pay a premium for a commercial HVAC company Crazy stat: 72% of all US data-center capacity is sitting in just 1% of counties. https://t.co/mhfvgpq3vq Crazy stat: 72% of all US data-center capacity is sitting in just 1% of counties. https://t.co/mhfvgpq3vq"
[X Link](https://x.com/anyuser/status/1985895833401807355) 2025-11-05T02:23Z 13.6K followers, 72.5K engagements
"Crazy stat: 72% of all US data-center capacity is sitting in just 1% of counties"
[X Link](https://x.com/charliebilello/status/1985884818110910590) 2025-11-05T01:40Z 732.6K followers, 107.4K engagements
"Residential HVAC Plumbing & Electrical EBITDA multiples 3x - 5x: Subscale company 5x - 8x: Independents / family owned 8x - 12x: Large independents 12x - 15x: Regional platforms 15x - 20x: Super Regional / National Heres a list of what increases value for these home services companies 👇🏼"
[X Link](https://x.com/anyuser/status/1921349384559788177) 2025-05-10T23:39Z 13.6K followers, 30.2K engagements
"M&A activity in [----] is going to be one of the strongest years in a while particularly for my industry HVAC Plumbing & Electrical. Private Equity with massive dry powder that needs to be deployed Private Equity long in the tooth on hold periods for platforms that need to exit Fed easing / interest rates falling Taxes arent increasing likely decreasing Inflation has moderated Election uncertainty is behind us Deregulation is coming This is setting up to be one of the best macro backdrops in a long time. Buckle up investment bankers and private equity investors M&A is going to be great again."
[X Link](https://x.com/anyuser/status/1854688192936464811) 2024-11-08T00:51Z 13.6K followers, 53.7K engagements
Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@Will_Schryver Will Schryver
Will Schryver posts on X about private equity, investment, business, in the the most. They currently have [------] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours.
Engagements: [------] #
- [--] Week [-------] -12%
- [--] Month [---------] +253%
- [--] Months [---------] -63%
- [--] Year [----------] +330%
Mentions: [--] #
- [--] Week [--] +24%
- [--] Month [---] +346%
- [--] Months [---] +16%
- [--] Year [---] -31%
Followers: [------] #
- [--] Week [------] +1.30%
- [--] Month [------] +3.80%
- [--] Months [------] +9.90%
- [--] Year [------] +92%
CreatorRank: [-------] #
Social Influence
Social category influence finance #4125 stocks 6.76% currencies 2.7% technology brands 1.8% cryptocurrencies 1.8% countries 1.35% financial services #286 exchanges 0.45% nfl 0.45%
Social topic influence private equity #5, investment #320, business 10.81%, in the 10.81%, hey grok #808, pay 5.41%, finance #2740, debt #1774, buddy 3.15%, if you 3.15%
Top accounts mentioned or mentioned by @grok @11_alv @paulswaney3 @slackwatercap @cpddough @markbdelaney @homeprosnews @heydannypeavey @smbattorney @smbdealguy @ryanelliott @jr_magnuson @liamdetailing @mikebotkin @jeffdtauzin @nadsshariff @willschryver @jprbiz @jffelectric @gratefulcigars
Top assets mentioned SPDR S&P [---] ETF Trust (SPY) Strategy (MSTR) Bitcoin (BTC) Morgan Stanley (MS) Alphabet Inc Class A (GOOGL) General Motors Company (GM) Goldman Sachs (GS) QXO, Inc. Common Stock (QXO) Lazard Ltd. Class A (LAZ)
Top Social Posts
Top posts by engagements in the last [--] hours
"My buddy is getting nervous about the LOI from a private equity group Signed [--] days ago and the buy-side QofE came in as expected with no surprises But no movement on the APA and zero communication on a closing date Should he be nervous about PE backing out Literally asking for a friend Buddy of mine got an offer from private equity for his home services company High single digits EBITDA multiple 90% cash at close / 10% earnout Would you take this offer Buddy of mine got an offer from private equity for his home services company High single digits EBITDA multiple 90% cash at close / 10%"
X Link 2026-01-20T00:36Z 13.6K followers, 86.7K engagements
"Private Equity Zombie Firms Returns down holding periods extended and fundraising new capital challenging Internal Rate of Return (IRR) by PE fund & year: Vestar Capital (VII) 2018: 7.7% Siris Capital (Tech Fund) 2019: 8.3% Crestview 2019: 8.4% DPI or the distributed to paid-in capital is another measure of capital returned to investors (i.e. amount of cash investors returned divided by how much they paid into a fund). A decade ago seven-year-old funds typically reported DPIs of 0.8x Bains midyear report last year said the median buyout DPI for [----] vintage funds in the U.S. was 0.2x while"
X Link 2026-02-02T22:23Z 13.6K followers, 50.7K engagements
"Would you sell Email from a broker interested in selling our HVAC company to private equity Its not a bad teaser email except for one minor detail Were [----] miles away from New Jersey"
X Link 2026-02-07T02:10Z 13.6K followers, [----] engagements
"LOI signed. Ready to leave my $300k private equity career to run an HVAC business"
X Link 2026-02-09T23:03Z 13.6K followers, 10.7K engagements
"Im quickly realizing the younger generation isnt cut out to work in the trades. Just fired a [--] yr old kid after giving him half a dozen second chances. Planning to hire HVAC technicians with a minimum of 8+ years of experience"
X Link 2025-04-15T23:45Z 13.6K followers, 56K engagements
"Brokers need to stop this nonsense. This HVAC company is not worth $4 million. Its not even worth $2 million. Assuming the $1.8 million in revenue is somewhat sustainable the SDE is likely closer to $400k. Depending on residential vs commercial mix and construction vs service mix This companys value is closer to $1.2 million to $1.4 million. I feel bad for the owner. Theyre going to waste a lot of time and this asset will sit on the market with multiple price reductions. Someone find this broker and take away his license. [--] yr old HVAC company with 50% SDE. Lol. Not GM%. SDE % Maybe they"
X Link 2026-01-31T23:00Z 13.6K followers, 65.7K engagements
"GM quits. Tech wrecks the new van. Everyone demands a raise. Private Equity recruits your top sales guy. Dream of the EBITDA multiple arbitrage slipping away. Then you realize owning an HVAC company is not a passive investment"
X Link 2026-02-01T00:28Z 13.6K followers, 44.7K engagements
"Private equity just needs to buy low and sell high It will be interesting to see this data [--] years from now after an extended period of elevated asset prices Some incredible data from Apollo highlighting the correlation between private equity returns and entry multiples paid for deals The lowest multiple deals exited as much as 1.3x during the [----] to [----] period and that outperformance has gone up to 2.5x since [----] Turns out the https://t.co/4sy1NOzx3A Some incredible data from Apollo highlighting the correlation between private equity returns and entry multiples paid for deals The lowest"
X Link 2026-02-01T23:19Z 13.6K followers, [----] engagements
"Hey @grok what are the annualized returns (including dividends) for the $SPY and $QQQ from [----] to [----] compared to the PE firms listed Private Equity Zombie Firms Returns down holding periods extended and fundraising new capital challenging Internal Rate of Return (IRR) by PE fund & year: Vestar Capital (VII) 2018: 7.7% Siris Capital (Tech Fund) 2019: 8.3% Crestview 2019: 8.4% DPI or the distributed Private Equity Zombie Firms Returns down holding periods extended and fundraising new capital challenging Internal Rate of Return (IRR) by PE fund & year: Vestar Capital (VII) 2018: 7.7% Siris"
X Link 2026-02-02T22:34Z 13.6K followers, 10.8K engagements
"List of Zombie-like PE firms listed by Forbes These [--] zombie-like firms have questionable futures There are some big names on this list managing billions in AUM and if you think they have questionable futures Id be curious to hear what you think about the 100s of smaller firms not on this list Private Equity Zombie Firms Returns down holding periods extended and fundraising new capital challenging Internal Rate of Return (IRR) by PE fund & year: Vestar Capital (VII) 2018: 7.7% Siris Capital (Tech Fund) 2019: 8.3% Crestview 2019: 8.4% DPI or the distributed Private Equity Zombie Firms Returns"
X Link 2026-02-02T23:53Z 13.6K followers, 12.4K engagements
"Private Equity is in trouble if it cant sell portfolio companies for attractive valuation multiples in this market: High Valuation Levels + Declining Rates Public equities are trading at very rich levels relative to the last [--] years which naturally lift private valuation levels And rates having been coming down (slowly) which also support valuation levels Im sure a lot of PE funds are staring at high entry multiples when they acquired portcos in [----] - [----] But what happens if public equities (and in turn private companies) valuation levels rerate lower if/when the economy slows Hard to see"
X Link 2026-02-03T01:41Z 13.6K followers, 53.2K engagements
"This is brutal - the dreaded PE retrade Update on the private equity groups offer to acquire my buddys home services company PE investment committee suddenly has a change of heart about the profile of the business and has decided to lower their purchase price And this is after the buy side QofE came back consistent with the sell side QofE Typically a retrade occurs because the buy side QofE identified issues with the adjustments etc and reached a different conclusion on adjusted EBITDA Not the case here [--] - [--] months of his time and thousands of dollars wasted on advisors just to get a retrade"
X Link 2026-02-04T23:31Z 13.6K followers, 20.6K engagements
"Hey @grok remove the greatest investor and explain why"
X Link 2026-02-05T01:22Z 13.5K followers, [----] engagements
"@grok Nice. Why"
X Link 2026-02-05T01:25Z 13.6K followers, [---] engagements
"Advisers on the SpaceX IPO are already teeing up early inclusion in the S&P [---] $SPY and Nasdaq $QQQ the minute it goes public Love to see the hustle to get the passive retail flows SpaceX and xAI merge to form a $1.25 Trillion company https://t.co/Sx2oSOXsUS SpaceX and xAI merge to form a $1.25 Trillion company https://t.co/Sx2oSOXsUS"
X Link 2026-02-05T02:11Z 13.5K followers, [----] engagements
"@grok Oh boy 👀"
X Link 2026-02-05T20:05Z 13.5K followers, [---] engagements
"Hey @grok what is the current market cap of $MSTR compared to the value of its $BTC holdings Hey @grok what is the [--] year total return for $MSTR compared to $SPY $QQQ $BTC and $TLT ranked in order Hey @grok what is the [--] year total return for $MSTR compared to $SPY $QQQ $BTC and $TLT ranked in order"
X Link 2026-02-06T01:43Z 13.5K followers, [----] engagements
"What was it like to buy HVAC companies and flip them [--] months later for 12x in [----] when rates were 0% Private Equity: Private Equity is in trouble if it cant sell portfolio companies for attractive valuation multiples in this market: High Valuation Levels + Declining Rates Public equities are trading at very rich levels relative to the last [--] years which naturally lift private valuation https://t.co/NKPcTtpUjZ Private Equity is in trouble if it cant sell portfolio companies for attractive valuation multiples in this market: High Valuation Levels + Declining Rates Public equities are"
X Link 2026-02-07T02:36Z 13.6K followers, [----] engagements
"@MikeBotkin_ Interesting to hear on Vertex. Id be curious to understand whats driving the operational challenges"
X Link 2026-02-07T18:01Z 13.6K followers, [----] engagements
"During an IPO roadshow one of the portfolio managers we met with made an interesting comment: Debt is not the cheapest form of capital. The cost of debt can be 100%. This is true for public and private companies Investors use debt to finance acquisitions to juice returns But dont appreciate how it limits flexibility and handcuffs strategic initiatives Too much leverage can consume all of the excess free cash flow to service interest payments Too much leverage plus a meaningful slowdown in the business and you fall behind on servicing the debt Thats when the cost of debt hits 100%"
X Link 2026-02-07T22:15Z 13.6K followers, 12.1K engagements
"Private Equity groups are turning to continuation funds for this reason Market multiples Current holding multiples EBITDA growth could certainly offset multiple compression If not PE can kick the can down the road with a continuation fund until market multiples rerate higher https://twitter.com/i/web/status/2020527485260005461 https://twitter.com/i/web/status/2020527485260005461"
X Link 2026-02-08T15:57Z 13.6K followers, [---] engagements
"Hey @grok what is the inflation rate for Super Bowl ads from [----] to [----] 🏈 Average cost of a 30-sec Super Bowl ad: 1965: $37600 1970: $72500 1975: $110000 1980: $275000 1985: $550000 1990: $800000 1995: $1085000 2000: $2200000 2005: $2500000 2010: $3100000 2015: $2400000 2020: $5600000 2026: $8000000 Source: Superbowl-ads 🏈 Average cost of a 30-sec Super Bowl ad: 1965: $37600 1970: $72500 1975: $110000 1980: $275000 1985: $550000 1990: $800000 1995: $1085000 2000: $2200000 2005: $2500000 2010: $3100000 2015: $2400000 2020: $5600000 2026: $8000000 Source: Superbowl-ads"
X Link 2026-02-08T19:45Z 13.6K followers, [----] engagements
"@markbdelaney Not my company we focus on residential. A lot of investors I know are personally invested in the commercial space and everyone is chasing data centers"
X Link 2026-02-08T19:47Z 13.6K followers, [---] engagements
"Hey @grok $10000 on the line who wins the Super Bowl No mistakes"
X Link 2026-02-08T22:29Z 13.6K followers, 17.2K engagements
"Every Super Bowl winning team Super Bowl I Green Bay Packers Super Bowl II Green Bay Packers Super Bowl III New York Jets Super Bowl IV Kansas City Chiefs Super Bowl V Baltimore Colts Super Bowl VI Dallas Cowboys Super Bowl VII Miami Dolphins Super Bowl VIII Miami Dolphins Super Bowl IX Pittsburgh Steelers Super Bowl X Pittsburgh Steelers Super Bowl XI Oakland Raiders Super Bowl XII Dallas Cowboys Super Bowl XIII Pittsburgh Steelers Super Bowl XIV Pittsburgh Steelers Super Bowl XV Oakland Raiders Super Bowl XVI San Francisco 49ers Super Bowl XVII Washington Redskins Super Bowl XVIII Los"
X Link 2026-02-09T03:22Z 13.6K followers, [----] engagements
"@jeffdtauzin Hired [--] new technicians. Both just started today"
X Link 2026-02-10T01:52Z 13.6K followers, [---] engagements
"For those running out to snap up Alphabets $GOOG century bond you should understand duration Austria issued a [---] year bond with a 0.85% coupon in [----] and it now trades for just [--] cents on the euro Alphabet $GOOG plans to sell a 100-year bond (century bond) to finance its AI infrastructure build out Imagine betting on a company avoiding insolvency and paying you back in [----] The [--] largest companies [---] years ago were U.S. Steel Standard Oil and General Motors https://t.co/1iKMNphtyA Alphabet $GOOG plans to sell a 100-year bond (century bond) to finance its AI infrastructure build out"
X Link 2026-02-12T22:31Z 13.6K followers, [----] engagements
"Hey @grok list the revenue per employee for the top [--] largest tech companies and then compare that to @X"
X Link 2026-02-14T00:49Z 13.6K followers, [----] engagements
"This is quite the read from the WSJ for a Sunday morning. Id love to say you could cut junior investment bankers hours to [--] - [--] hours a week but in many cases its just not possible. Sure you can definitely cut out a lot of inefficiencies (e.g. shifting logos around) and ridiculous 100+ page marketing materials that most will only read 20% of. But what about the corporate client that wants to present a big transformative acquisition or merger and needs your insight in putting together the materials for the Board asap Or the demanding private equity client that wants to run a dual track sell"
X Link 2024-12-15T14:25Z 13.6K followers, 233.9K engagements
"Some of my HVAC customers"
X Link 2025-06-19T00:50Z 13.6K followers, 10.1M engagements
"I bought a small residential HVAC company In less than a year I changed everything: - Fired and replaced 100% of employees - Fired 40% of the customers (commercial) - Sold 100% of the vehicles and bought all new - Opened a 2nd office - Expanded into a new geography - Scrapped the website and built a new one - Replaced Housecall Pro for ServiceTitan - Replaced the payroll company for Gusto - Added medical dental & vision insurance - Added 401k - Invested [--] figures in marketing - Restructured inventory management - Revamped payment and collection terms - Revamped 100% of the price book I dont"
X Link 2026-01-17T18:13Z 13.6K followers, 218.8K engagements
"Hey @grok what are the top [--] largest M&A deals in US history The largest M&A deal ever. And it was between [--] private companies. The largest M&A deal ever. And it was between [--] private companies"
X Link 2026-02-03T12:11Z 13.6K followers, [----] engagements
"So your private equity firm cant sell the PortCo that you overpaid for [--] years ago so you create a continuation fund and sell it to this fund that just happens to pay a market clearing price"
X Link 2026-02-04T02:17Z 13.6K followers, 26.8K engagements
"@paulswaney3 Interesting"
X Link 2026-02-04T13:24Z 13.6K followers, [---] engagements
"3.0x MOIC is important for private equity But so is the holding period or time needed to achieve that 3.0x MOIC Return by holding period: [--] Years: 44.2% [--] Years: 31.6% [--] Years: 24.6% [--] Years: 20.1% [--] Years: 17.0% Private equity MOIC (Multiple On Invested Capital) is highest when the entry EV/EBITDA is less than 6x Private equity MOIC (Multiple On Invested Capital) is highest when the entry EV/EBITDA is less than 6x"
X Link 2026-02-05T02:34Z 13.6K followers, 44.7K engagements
"What is more surprising: Private Equity averaged 24% valuation uplift at exit over the last [--] years Or [----] was the first year private equity averaged a -5% discount at exit compared to marked valuation Interesting data on PE from Goldman Sachs noting an average negative valuation uplift at exit for deals in [----] (average of [--] [--] and [--] quarter valuation prior to exit). I had somewhat more positive stats from Stepstone but I cant say I am surprised. https://t.co/UP7LFC1gMP Interesting data on PE from Goldman Sachs noting an average negative valuation uplift at exit for deals in [----] (average"
X Link 2026-02-07T02:18Z 13.6K followers, [----] engagements
"Payment terms Suppliers - [--] Days Credit Card - [--] days Employees - [--] Days Subcontractors - [--] minutes"
X Link 2026-02-07T20:07Z 13.6K followers, 19.9K engagements
"Hey @grok what are the top [--] verticals that will stand to benefit the most from this $670B AI infrastructure build out In a gold rush sell picks and shovels [--] companies are investing $670B in data centers and AI infrastructure this year The capital spending is 2nd only to the Louisiana Purchase which doubled the size of the U.S. Electrical and Mechanical companies will be in high demand to https://t.co/BGSACPsfVg In a gold rush sell picks and shovels [--] companies are investing $670B in data centers and AI infrastructure this year The capital spending is 2nd only to the Louisiana Purchase which"
X Link 2026-02-08T11:52Z 13.6K followers, 19.9K engagements
"Private Equity is going all in on rolling up Roofing companies - Large installed base (100+ million homes) - Highly fragmented (1000s of companies) - Non-discretionary spend ($20k+ ticket) - Highly scalable (asset light) - EBITDA multiple arbitrage (3x - 6x entry; 10x+ exit) Not the same characteristics as HVAC or pest control but still checks a lot of boxes for private equity The latest buzz in the PE ❤ Home Services story has been around roofing. This one puzzles me greatly as I cant see anything about a roofing company that couldn't be replicated overnight at very little cost. As far as I"
X Link 2026-02-08T15:46Z 13.6K followers, 17.1K engagements
"Hey @grok which teams have never been to the Super Bowl Hey @grok $10000 on the line who wins the Super Bowl No mistakes. https://t.co/duiB0xDfwz Hey @grok $10000 on the line who wins the Super Bowl No mistakes. https://t.co/duiB0xDfwz"
X Link 2026-02-08T23:18Z 13.6K followers, [----] engagements
"Hey @grok what is the r2 of the S&P [---] forward P/E ratio and the annual return for the next [--] years Current forward PE for the S&P [---] suggests a +2 to -2% annual return for the next [--] years: https://t.co/iKJArorOqN Current forward PE for the S&P [---] suggests a +2 to -2% annual return for the next [--] years: https://t.co/iKJArorOqN"
X Link 2026-02-10T01:01Z 13.6K followers, 10.8K engagements
"In a gold rush sell picks and shovels [--] companies are investing $670B in data centers and AI infrastructure this year The capital spending is 2nd only to the Louisiana Purchase which doubled the size of the U.S. Electrical and Mechanical companies will be in high demand to construct these data centers Invest in the trades Sell picks and shovels https://twitter.com/i/web/status/2020311771580412081 https://twitter.com/i/web/status/2020311771580412081"
X Link 2026-02-08T01:40Z 13.6K followers, 35.5K engagements
"Apex Service Partners - Alpines residential HVAC plumbing & electrical platform - completed [--] add-on acquisitions And that was in just in [----] Apex now totals nearly [---] businesses across the U.S. Alpine is one of the most impressive private equity firms investing in services businesses Theyre going all in on residential & commercial services - Apex (Residential HVAC/Plumbing/Electric) - Canopy (Residential Tree Care) - Cobalt (Commercial Doors) - Guardian https://t.co/wJI1MHfHvI Alpine is one of the most impressive private equity firms investing in services businesses Theyre going all in on"
X Link 2026-02-13T13:40Z 13.6K followers, 29.9K engagements
"Paying a premium multiple for an add-on acquisition can make sense Its the same playbook the private equity groups are using in home services PE-backed HVAC platform marked at 17x can afford to pay 8x for an add-on acquisition because its immediately accretive However the downside risk is successfully integrating each new add-on acquisition and sustaining pre-acquisition margin profile The math looks simple in a spreadsheet but businesses arent built in excel What part of the cycle are we in when lumberyards trade for 10.7x $QXO is acquiring Kodiak Building Partners for $2.25B Kodiak"
X Link 2026-02-14T01:23Z 13.6K followers, [----] engagements
"When I was in investment banking we once had a CIM that had [--] pages and took [---] versions before it was finalized (seriously) Executive Summary was [--] pages long And we literally broke every rule that John mentions below On Q&A calls PE buyers said they stopped reading the CIM by page [--] and figured they would just ask us bankers a bunch of questions (The answers to those questions were on pages [--] [--] [--] [--] [--] and footnote of 93) That was probably my least favorite CIM as a banker I read hundreds of confidential information memorandums ("CIMs") on companies for sale every year. Most are"
X Link 2026-02-07T02:55Z 13.6K followers, 121.1K engagements
"Alpine is one of the most impressive private equity firms investing in services businesses Theyre going all in on residential & commercial services - Apex (Residential HVAC/Plumbing/Electric) - Canopy (Residential Tree Care) - Cobalt (Commercial Doors) - Guardian (Residential Restoration) - Leo (Commercial Maintenance) - Mosaic (Residential Windows & Doors) - Oakline (Property Management) - Orion (Commercial HVAC & Plumbing) - Sunworks (Commercial Landscaping) - Vertex (Residential Roofing) https://twitter.com/i/web/status/2020177316807074242"
X Link 2026-02-07T16:46Z 13.6K followers, 59.1K engagements
"The maker of kids snacks and pouches went public $OFRM with an enterprise valuation of nearly $900 million Company generates $200 million revenue and -$7 million Adjusted EBITDA For every $4 pouch I buy for my kid Im contributing $20 of EV to the company"
X Link 2026-02-08T18:20Z 13.6K followers, [----] engagements
"Hey @grok compare the total return of $MSTR starting on the date the company started buying bitcoin until today and compare the return to $SPY and $BTC BREAKING: MicroStrategy's $MSTR Bitcoin position officially turns red as Bitcoin falls below $76000. https://t.co/IRZjYzJS8H BREAKING: MicroStrategy's $MSTR Bitcoin position officially turns red as Bitcoin falls below $76000. https://t.co/IRZjYzJS8H"
X Link 2026-01-31T22:12Z 13.6K followers, 20.7K engagements
"Private equity MOIC (Multiple On Invested Capital) is highest when the entry EV/EBITDA is less than 6x You make your money on the buy Cheap entry multiples do most of the heavy lifting on MOIC https://t.co/4nO1gQw2xb You make your money on the buy Cheap entry multiples do most of the heavy lifting on MOIC https://t.co/4nO1gQw2xb"
X Link 2026-02-04T18:19Z 13.6K followers, 47.5K engagements
"Hey @grok what is the [--] year total return for $MSTR compared to $SPY $QQQ $BTC and $TLT ranked in order HODL HODL"
X Link 2026-02-05T20:02Z 13.6K followers, 12.7K engagements
"Private equity realizing a 5x return exiting a portfolio company in [----] when rates drop to 0%"
X Link 2026-02-07T18:38Z 13.6K followers, [----] engagements
"I was born at night but I wasnt f*cking born last night. The math aint mathing for me. Sellers reaction to an LOI from private equity Suffice to say he has a few questions about the earn-out in the offer"
X Link 2026-02-11T23:53Z 13.6K followers, 18.9K engagements
"Well just refinance the debt Where have I heard that before"
X Link 2026-02-12T02:45Z 13.6K followers, [----] engagements
"Billionaires plan to increase exposure to private equity this year But increase their exposure directly not through fund of funds How Billionaires Plan to Invest in [----] 💰 https://t.co/B3me4gRVRy https://t.co/9bv02Hh4Q3 How Billionaires Plan to Invest in [----] 💰 https://t.co/B3me4gRVRy https://t.co/9bv02Hh4Q3"
X Link 2026-02-12T11:42Z 13.6K followers, [----] engagements
"Earlier this year I told some investors that I expect our HVAC company to generate $8 million in revenue and $3 million in EBITDA which excludes expenses tied to the equipment and labor"
X Link 2026-02-02T00:01Z 13.6K followers, [----] engagements
"Alphabet $GOOG plans to sell a 100-year bond (century bond) to finance its AI infrastructure build out Imagine betting on a company avoiding insolvency and paying you back in [----] The [--] largest companies [---] years ago were U.S. Steel Standard Oil and General Motors In a gold rush sell picks and shovels [--] companies are investing $670B in data centers and AI infrastructure this year The capital spending is 2nd only to the Louisiana Purchase which doubled the size of the U.S. Electrical and Mechanical companies will be in high demand to https://t.co/BGSACPsfVg In a gold rush sell picks and"
X Link 2026-02-10T01:51Z 13.6K followers, [----] engagements
"AI is accelerating the demand for data centers Invest in the trades required to construct and service these data centers Invest in the picks and shovels needed for this modern day gold rush 🚨 Datacenters are now 7% of total U.S. power demand https://t.co/fA7Sh3sNDr 🚨 Datacenters are now 7% of total U.S. power demand https://t.co/fA7Sh3sNDr"
X Link 2026-02-14T14:23Z 13.6K followers, [----] engagements
"Imagine buying an HVAC company on peak earnings using mostly debt and watching the industry decline for [--] years straight Unfortunate reality for a lot of private equity and independent sponsors in home services today"
X Link 2026-02-10T02:47Z 13.6K followers, 22.6K engagements
"What part of the cycle are we in when lumberyards trade for 10.7x $QXO is acquiring Kodiak Building Partners for $2.25B Kodiak generated $2.4B revenue / $211M EBITDA Few years ago I was on the sell side for a lumberyard and we were lucky to get 6x PE-backed consolidating platforms targeted 8x upon exit so Kodiak trading for 10x+ is extraordinary https://twitter.com/i/web/status/2021744971091464347 https://twitter.com/i/web/status/2021744971091464347"
X Link 2026-02-12T00:35Z 13.6K followers, 55.8K engagements
"Sellers should expect an earn-out rolled equity or seller note when considering a sale Most private equity groups and independent sponsors will include some combination in the structure of the deal I was born at night but I wasnt fcking born last night. The math aint mathing for me. Sellers reaction to an LOI from private equity Suffice to say he has a few questions about the earn-out in the offer I was born at night but I wasnt fcking born last night. The math aint mathing for me. Sellers reaction to an LOI from private equity Suffice to say he has a few questions about the earn-out in the"
X Link 2026-02-12T01:52Z 13.6K followers, [----] engagements
"Real GDP growth by county Red 0% and Green 3% - 75% of all counties had positive growth - Largest 10% of counties averaged 3% - Smallest 10% of counties averaged -1.5% Whats most surprising to you"
X Link 2026-02-13T14:28Z 13.6K followers, [----] engagements
"LA is suing a private equity firm for rolling up an industry and raising prices The county alleges that American Industrial Partners saw an opportunity in merging independent firetruck companies that competed against one another into an industry giant with the power to extract high prices. Wait until the county hears about what PE has done in home services https://twitter.com/i/web/status/2022531371433103421 https://twitter.com/i/web/status/2022531371433103421"
X Link 2026-02-14T04:40Z 13.6K followers, [----] engagements
"Bank CEOs making $40 million+ headline will garner negative attention Now consider the value theyve added and then ask if theyre worth $40 million+ Goldman Sachs $GS David Solomon $47 million compensation $84 billion increase in market cap (+47%) Morgan Stanley $MS Ted Pick $45 million compensation $80 billion increase in market cap (+40%) JPMorgan Chase $JPM Jamie Dimon $43 million compensation $202 billion increase in market cap (+30%) Citigroup $C Jane Fraser $42 million compensation $87 billion increase in market cap (+65%) Bank of America $BAC Brian Moynihan $41 million compensation $62"
X Link 2026-02-14T14:57Z 13.6K followers, [----] engagements
"One of our partner HVAC companies just dropped this video 🔥 http://www.nolanair.com http://www.nolanair.com"
X Link 2025-03-20T22:14Z 13.6K followers, 800.8K engagements
"ROAS. Return On Ad Spend. As an HVAC owner I view the Return part as Gross Profit not Revenue. Ill give you an example why. Lets say we spent $100 in Google Ads that translated to a lead that one of our service technicians converted to a service call. If that service call generated a $500 ticket order the marketing person would celebrate and say we generated a 5.0x ROAS ($500 service ticket / $100 Ads Spend). As the business owner I disagree in how were evaluating the success of this Ad spend. We need to account for the material costs for that service call. And the labor hours for this"
X Link 2025-03-29T22:54Z 13.6K followers, 32.9K engagements
"Would you rather buy a Daycare or HVAC SMB I bought an HVAC SMB and it feels like Im running a very expensive Daycare"
X Link 2025-04-08T00:02Z 13.6K followers, 82.6K engagements
"Me after making payroll last week at my HVAC company with $68.13 left in the checking account and $176000 of aging AR that still needs to be collected"
X Link 2025-04-15T00:39Z 13.6K followers, 4M engagements
"Just finished a screaming match with a general contractor over a $50000 unpaid invoice. Hows your Friday morning going"
X Link 2025-04-18T15:34Z 13.6K followers, 187.5K engagements
"I left investment banking to pursue the path of entrepreneurship through acquisition. After acquiring an HVAC company I honestly dont know how Searchers are able to sleep at night with 90% leverage on these small home services companies"
X Link 2025-04-26T01:43Z 13.6K followers, 113.8K engagements
"Just made a $74845 credit card payment for HVAC equipment and materials. I put all of our equipment materials gas and miscellaneous supplies on the credit card. The 2% cash back we receive on all purchases helps add to our gross profit margin"
X Link 2025-04-28T16:52Z 13.6K followers, 75.7K engagements
"Interviewed [--] experienced HVAC techs today. Both work for private equity-backed HVAC companies. Both are overworked and underpaid. If this is the private equity model in my market I view this as a huge opportunity"
X Link 2025-04-28T22:52Z 13.6K followers, 45.3K engagements
"This is what a $73591 investment into growing our HVAC company looks like"
X Link 2025-04-29T21:16Z 13.6K followers, 31.1K engagements
"If youre an HVAC Plumbing or Electrical business owner and youre struggling to understand why private equity discounts the value of your business associated with construction and general contractors. Heres a perfect example of why PE doesnt like construction or dealing with GCs 👇🏼"
X Link 2025-05-03T01:09Z 13.6K followers, 142.8K engagements
"We are not in the business of lending. We are in the business of installing and servicing HVAC equipment. And this is why this will be our last commercial job"
X Link 2025-05-03T01:09Z 13.6K followers, [----] engagements
"Private Equitys reaction to a residential HVAC companys EBITDA margin. Pay attention owners"
X Link 2025-05-04T01:02Z 13.6K followers, 33.9K engagements
"As a former Investment Banker and now owner / operator of a residential HVAC company I operate the business as if Ill sell at any moment even though I have no intention of selling for the foreseeable future. Heres a list of things current business owners can start doing to enhance the sale process and potential valuation of your company whether youre selling next year or [--] years from now. 👇🏼"
X Link 2025-05-04T23:33Z 13.6K followers, 111.8K engagements
"Another Private Equity-backed residential HVAC Plumbing & Electrical platform trades for 17x EBITDA. $1.1 billion EV on TTM EBITDA of $65 million. Redwood Services was formed [--] years ago and has partnered with [--] businesses serving [------] customers a year. This is the second home services platform to trade for a high teens multiple in less than a year which is exceptionally bullish for the space. Source: @homeprosnews"
X Link 2025-05-09T13:03Z 13.6K followers, 63.6K engagements
"Residential HVAC Plumbing & Electrical EBITDA multiples 3x - 5x: Subscale company 5x - 8x: Independents / family owned 8x - 12x: Large independents 12x - 15x: Regional platforms 15x - 20x: Super Regional / National Heres a list of what increases value for these home services companies 👇🏼"
X Link 2025-05-10T23:39Z 13.6K followers, 30.2K engagements
"Broker reached out to me with an HVAC company for sale. $650k EBITDA and the seller wants 9.5x EBITDA. Thats a quick pass for me. And Ill save you a lot of time right now and let you know thats going to be a pass for anyone on planet earth with half a brain"
X Link 2025-05-15T16:58Z 13.6K followers, 41.5K engagements
"As a former investment banker now turned HVAC owner Im going to disagree and Ill give myself as a good example. Making $500k+ a year either in finance or as an HVAC owner is certainly achievable but theres a massive difference between the two career paths. In banking you will always hit a ceiling as a W2 with your earnings potential. Your output and work effort are not linear with your income potential. And you can never sell your seat at the desk. The value youve added to the firm over the years and decades goes to the firm you cant sell that. As an HVAC owner there is no ceiling to my"
X Link 2025-05-22T01:23Z 13.6K followers, 191.6K engagements
"85 year old customer called our HVAC company today because her system was blowing warm air. Our service technician discovered that she couldnt see the thermostat was set to Heat at [--] degrees. We didnt charge her for the service call because it was the right thing to do"
X Link 2025-05-29T02:11Z 13.6K followers, 24.8K engagements
"Our top [--] selling service technicians just walked out the door of our HVAC company. Brutal start to the week. By far the biggest challenge in home services is finding and retaining good people"
X Link 2025-06-02T20:37Z 13.6K followers, 123K engagements
"As a former investment banker and now owner & operator of a small business I have immense respect for anyone that started a small business in the trades like HVAC Plumbing Electrical Etc and have done this for years or even decades. As a former investment banker I saw a lot and was exposed to a lot of different companies and management teams over the years but as I now understand theres also a lot I wasnt exposed to day to day on the operations side. I know what drives valuation what buyers like private equity firms are looking for how to position your company for a sale process etc but"
X Link 2025-06-03T01:39Z 13.6K followers, 40.1K engagements
"As an investment banker I had a good idea of why one company trades for 4x and another for 8x. As an owner & operator I know exactly why one company trades for 4x and another for 8x"
X Link 2025-06-03T22:46Z 13.6K followers, 29.6K engagements
"People outside of the HVAC industry dont understand how bad the R-454B refrigerant shortage is. Im willing to make a [----] mile round trip to Chicago from FL to pick up [--] jug just so I can finish one install job for a customer. Cant find this stuff anywhere around the country"
X Link 2025-06-05T23:30Z 13.6K followers, 51.8K engagements
"Theres absolutely nothing passive about owning and operating a home services company like HVAC Plumbing Roofing etc. Everyone asking me about buying a home services company but doesnt want to actually operate doesnt have a clue. You have to roll up your sleeves and get dirty. Speak with the customers. Handle issues with employees. Negotiate with vendors. It takes a lot of work to realize that big $ outcome you read about on social media every day"
X Link 2025-06-17T01:24Z 13.6K followers, 34.9K engagements
"Got my first letter from a private equity-backed platform interested in acquiring my HVAC company. What do you think should I sell to private equity 😉"
X Link 2025-06-19T01:07Z 13.6K followers, 52.4K engagements
"@heydannypeavey 💯"
X Link 2025-06-19T01:34Z 13.6K followers, 225.2K engagements
"@SMB_Attorney Exactly"
X Link 2025-06-19T02:00Z 13.6K followers, 257.2K engagements
"@SMBDealGuy"
X Link 2025-06-19T02:21Z 13.6K followers, 524.3K engagements
"$150 service call fee just to look at our HVAC system that isnt blowing cool air Heres the breakdown of the unit economics behind that one service call fee that homeowners dont understand:"
X Link 2025-06-20T00:51Z 13.6K followers, 24K engagements
"I used to think investment banking was challenging work. Now I own an HVAC company and realize operating a small business is 10x more challenging"
X Link 2025-06-22T16:45Z 13.6K followers, 54.5K engagements
"My buddy owns an HVAC company here in FL and his competitor sold to private equity for $30 million. $15 million in revenue. Assuming 20% EBITDA margin that would put it at 10x multiple"
X Link 2025-06-24T00:09Z 13.6K followers, 145.1K engagements
"Its competitive out there in HVAC. We bid a low margin $7500 replacement install. Another company outbid us by $3500"
X Link 2025-07-16T18:25Z 13.6K followers, 44K engagements
"How I passively own an HVAC company. General contractor threatens to call the cops on me. Technician rams the new $70000 van into a concrete pole at the gas station. $174000 in aging AR 90+ days past due. Service tech quits via text after [--] days and threatens to sue me. Customers dining room ceiling floods from a recent install. Credit card accidentally cancelled. Suppliers decline equipment purchases and utility company shuts off power. Customer service representative doesnt show up for [--] days. Install crew installed the wrong equipment in the right house. Install crew installed the right"
X Link 2025-07-18T20:27Z 13.6K followers, 117.7K engagements
"Im at an HVAC conference this week. Here are the top [--] trending topics: [--]. AI [--]. AI [--]. AI [--]. AI [--]. AI [--]. AI [--]. AI [--]. Private Equity [--]. EBITDA [--]. Carriers management commentary at the Morgan Stanley conference on the challenging state of the residential HVAC market and their bearish outlook for a 40% YoY decline in volume"
X Link 2025-09-19T02:10Z 13.6K followers, 120.1K engagements
"I buy HVAC companies the same way people buy houses: Find a good one get a loan and make payments from the income it produces. Except HVAC companies pay better than rental properties. And I dont have to deal with tenants calling me at midnight. Instead I have to deal with: Customer calls/texts complaints starting at 6am and ending around 11pm GC project manager threatens to call the cops on you Employee crashes van into a gas pump Van breaks down on the interstate first thing in the morning and is out of commission for [--] days Installers install the wrong equipment at the right house"
X Link 2025-09-20T19:14Z 13.6K followers, 117.5K engagements
"We are wrapping up a $500K HVAC construction project and I swear it will be our last. Even if another HVAC construction job for $1M came up Id pass immediately. It has nothing to do with the EBITDA multiple of the company and how Private Equity buyers view construction. It is about executing the construction project. The amount of brain damage involved for low margin high working capital intensive jobs is simply not worth the big ticket $ revenue"
X Link 2025-09-24T01:51Z 13.6K followers, 39.5K engagements
"If you think investment banking is tough try running a sub-scale HVAC company"
X Link 2025-10-06T01:19Z 13.6K followers, 51.4K engagements
"If you think investment banking is tough try running a sub-scale HVAC company. If you think investment banking is tough try running a sub-scale HVAC company"
X Link 2025-10-07T01:03Z 13.6K followers, 29.3K engagements
"If youre in sales do not use the words bud or buddy when speaking with a prospective client. Ever"
X Link 2025-10-07T01:10Z 13.6K followers, 78.5K engagements
"I took a similar approach with our small HVAC company. The difference between $25/hr and $30/hr is massive. Pay employees more and you attract the right talent lower turnover increase morale and increase productivity. Customers take notice of a happier more professional and more reliable workforce. Its a feedback loop that ultimately creates a win for the employee the customer and the company. This fall Walmarts story will be taught at Harvard Business School as a case study of success. In [----] Walmart raised pay for nearly half of its [--] million hourly workers - not out of benevolence but"
X Link 2025-10-18T17:09Z 13.6K followers, 85.7K engagements
"A Fortune [---] company CFO once told me theres no such thing as work-life balance in finance if youre going to be successful. He was successful. And single with no kids. "'Work-life balance' will keep you mediocre" per WSJ opinion. Do you agree https://t.co/XAxZhNqSwd "'Work-life balance' will keep you mediocre" per WSJ opinion. Do you agree https://t.co/XAxZhNqSwd"
X Link 2025-10-19T23:56Z 13.6K followers, 128.3K engagements
"Billy this is called multiple arbitrage. We buy a bunch of sub-scale HVAC companies for 5x put them together as a platform and sell the whole thing for 16x"
X Link 2025-10-25T22:00Z 13.6K followers, 32.6K engagements
"Seeing another post about that guy that paid off a 2.625% mortgage"
X Link 2025-10-26T18:07Z 13.6K followers, 268.8K engagements
"Today is the first day Ive legit thought about quitting my HVAC company. And Im the owner"
X Link 2025-10-28T01:05Z 13.6K followers, 93.2K engagements
"My background is investment banking / M&A / Finance. Not operations. Since buying an HVAC company Im getting a crash course Ph D in operations"
X Link 2025-10-30T23:55Z 13.6K followers, 31.2K engagements
"This is insane. HVAC tech makes $130K a year. Top earner at the company. Quits on the spot. Why I aint starting at 7:30AM"
X Link 2025-11-01T21:00Z 13.6K followers, 467.3K engagements
"@ryanelliott Hes an installer. Cant have installs with customers start that late in the day. Service yes you can stagger shifts"
X Link 2025-11-01T22:04Z 13.6K followers, 47.5K engagements
"Now you know where private equity is willing to pay a premium for a commercial HVAC company Crazy stat: 72% of all US data-center capacity is sitting in just 1% of counties. https://t.co/mhfvgpq3vq Crazy stat: 72% of all US data-center capacity is sitting in just 1% of counties. https://t.co/mhfvgpq3vq"
X Link 2025-11-05T02:23Z 13.6K followers, 72.5K engagements
"This is why private equity is all in on home services like HVAC plumbing & electrical companies Capital light vs capital heavy businesses: https://t.co/f91BF1ozw1 Capital light vs capital heavy businesses: https://t.co/f91BF1ozw1"
X Link 2025-11-09T22:30Z 13.6K followers, 51.1K engagements
"The value of liquidity is huge and is often overlooked for the shiny object of outsized returns. As an owner of an SMB and RE I greatly value liquidity over returns for my next investment dollar. Great article here. You should get a risk-adjusted premium for illiquidity but it seems more often than not you don't. I am increasingly wary of illiquid investments (in fact selling a RE property right now). I basically want maximum flexibility and can live with closer to Great article here. You should get a risk-adjusted premium for illiquidity but it seems more often than not you don't. I am"
X Link 2025-11-18T23:53Z 13.6K followers, [----] engagements
"Some of my HVAC customers"
X Link 2025-06-19T00:50Z 13.6K followers, 10.1M engagements
"Me after making payroll last week at my HVAC company with $68.13 left in the checking account and $176000 of aging AR that still needs to be collected"
X Link 2025-04-15T00:39Z 13.6K followers, 4M engagements
"Seeing another post about that guy that paid off a 2.625% mortgage"
X Link 2025-10-26T18:07Z 13.6K followers, 268.8K engagements
"This is insane. HVAC tech makes $130K a year. Top earner at the company. Quits on the spot. Why I aint starting at 7:30AM"
X Link 2025-11-01T21:00Z 13.6K followers, 467.3K engagements
"Grok [--] is by far the best Investment Banking Analyst I've ever worked with"
X Link 2025-02-23T22:07Z 13.6K followers, 667.5K engagements
"@SMBDealGuy"
X Link 2025-06-19T02:21Z 13.6K followers, 524.3K engagements
"@SMB_Attorney Exactly"
X Link 2025-06-19T02:00Z 13.6K followers, 257.2K engagements
"My buddy owns an HVAC company here in FL and his competitor sold to private equity for $30 million. $15 million in revenue. Assuming 20% EBITDA margin that would put it at 10x multiple"
X Link 2025-06-24T00:09Z 13.6K followers, 145.1K engagements
"Former Investment Banking buddy is closing on an $18 million acquisition this week. He and is partner will put in $500k each (5.5% of EV) for control and majority of equity. $17 million or 94.5% of sources will be Senior SBA debt Seller Note rolled equity and passive investors. Searcher deal economics are absolutely wild. Blows away the 2/20 private equity model"
X Link 2025-03-10T00:11Z 13.6K followers, 250.9K engagements
"Buckle up investment bankers and private equity investors M&A is going to be great again"
X Link 2024-11-06T14:12Z 13.6K followers, 153.5K engagements
"Im at an HVAC conference this week. Here are the top [--] trending topics: [--]. AI [--]. AI [--]. AI [--]. AI [--]. AI [--]. AI [--]. AI [--]. Private Equity [--]. EBITDA [--]. Carriers management commentary at the Morgan Stanley conference on the challenging state of the residential HVAC market and their bearish outlook for a 40% YoY decline in volume"
X Link 2025-09-19T02:10Z 13.6K followers, 120.1K engagements
"If youre in sales do not use the words bud or buddy when speaking with a prospective client. Ever"
X Link 2025-10-07T01:10Z 13.6K followers, 78.5K engagements
"I used to wonder why small business owners never had their cell number on business cards. Now I know exactly why. Never again"
X Link 2025-11-03T22:26Z 13.6K followers, 120.4K engagements
"This is quite the read from the WSJ for a Sunday morning. Id love to say you could cut junior investment bankers hours to [--] - [--] hours a week but in many cases its just not possible. Sure you can definitely cut out a lot of inefficiencies (e.g. shifting logos around) and ridiculous 100+ page marketing materials that most will only read 20% of. But what about the corporate client that wants to present a big transformative acquisition or merger and needs your insight in putting together the materials for the Board asap Or the demanding private equity client that wants to run a dual track sell"
X Link 2024-12-15T14:25Z 13.6K followers, 233.9K engagements
"Investment banking analyst shifting logos on a CIM and tweaking the LBO model at 3am on Saturday for the sell-side mandate of a lumberyard roll-up portco of Angeles Equity Partners. Analyst: I'm happy to work [---] hours this week because I find this interesting. Absolutely insane take from Lazard CEO https://t.co/NYRXvrmyCy Absolutely insane take from Lazard CEO https://t.co/NYRXvrmyCy"
X Link 2024-09-17T12:44Z 13.6K followers, 504K engagements
"Absolutely insane take from Lazard CEO"
X Link 2024-09-17T11:48Z 28.7K followers, 358.3K engagements
"@JFF_Electric It really does"
X Link 2025-06-19T01:21Z 13.6K followers, 358.9K engagements
"A Fortune [---] company CFO once told me theres no such thing as work-life balance in finance if youre going to be successful. He was successful. And single with no kids. "'Work-life balance' will keep you mediocre" per WSJ opinion. Do you agree https://t.co/XAxZhNqSwd "'Work-life balance' will keep you mediocre" per WSJ opinion. Do you agree https://t.co/XAxZhNqSwd"
X Link 2025-10-19T23:56Z 13.6K followers, 128.3K engagements
""'Work-life balance' will keep you mediocre" per WSJ opinion. Do you agree"
X Link 2025-10-19T14:01Z 3.2M followers, 3.6M engagements
"Met with an HVAC owner today interested in selling to private equity. If I sell for $20m Im going to be in a tight position financially. Me: How Private school kids going out and kids vehicles thats $500k. Plus our cars two 10k sq ft houses and a few vacations to the Caribbean is another $500k easy. And our boat so on top of the $1m already mentioned. I just dont know how wed get by selling for $20m"
X Link 2025-02-12T02:28Z 13.6K followers, 199K engagements
"How I passively own an HVAC company. General contractor threatens to call the cops on me. Technician rams the new $70000 van into a concrete pole at the gas station. $174000 in aging AR 90+ days past due. Service tech quits via text after [--] days and threatens to sue me. Customers dining room ceiling floods from a recent install. Credit card accidentally cancelled. Suppliers decline equipment purchases and utility company shuts off power. Customer service representative doesnt show up for [--] days. Install crew installed the wrong equipment in the right house. Install crew installed the right"
X Link 2025-07-18T20:27Z 13.6K followers, 117.7K engagements
"Private equity giant Blackstone is nearing a deal for Jersey Mikes that would value the company at $8 billion and the CEO owns the company outright. Peter Cancro who started working at one location at age [--] in [----] scraped together the money to buy Mikes Subs in [----] and remains CEO today. SMB owners / operators find your niche and run with it. It could be worth billions. Source: WSJ"
X Link 2024-11-19T02:21Z 13.6K followers, 161.6K engagements
"I left investment banking to pursue the path of entrepreneurship through acquisition. After acquiring an HVAC company I honestly dont know how Searchers are able to sleep at night with 90% leverage on these small home services companies"
X Link 2025-04-26T01:43Z 13.6K followers, 113.8K engagements
"Our top [--] selling service technicians just walked out the door of our HVAC company. Brutal start to the week. By far the biggest challenge in home services is finding and retaining good people"
X Link 2025-06-02T20:37Z 13.6K followers, 123K engagements
"As a former investment banker now turned HVAC owner Im going to disagree and Ill give myself as a good example. Making $500k+ a year either in finance or as an HVAC owner is certainly achievable but theres a massive difference between the two career paths. In banking you will always hit a ceiling as a W2 with your earnings potential. Your output and work effort are not linear with your income potential. And you can never sell your seat at the desk. The value youve added to the firm over the years and decades goes to the firm you cant sell that. As an HVAC owner there is no ceiling to my"
X Link 2025-05-22T01:23Z 13.6K followers, 191.6K engagements
"A lot of Harvard and Wharton MBAs wont like hearing this but you will likely make a lot more money working in finance vs buying a family HVAC business with 80% debt"
X Link 2025-05-21T12:35Z 155.4K followers, 991.5K engagements
"If youre an HVAC Plumbing or Electrical business owner and youre struggling to understand why private equity discounts the value of your business associated with construction and general contractors. Heres a perfect example of why PE doesnt like construction or dealing with GCs 👇🏼"
X Link 2025-05-03T01:09Z 13.6K followers, 142.8K engagements
"@GratefulCigars We do both. Primarily residential but we definitely do commercial with the right customers"
X Link 2025-06-19T01:55Z 13.6K followers, 200.4K engagements
"As a former Investment Banker and now owner / operator of a residential HVAC company I operate the business as if Ill sell at any moment even though I have no intention of selling for the foreseeable future. Heres a list of things current business owners can start doing to enhance the sale process and potential valuation of your company whether youre selling next year or [--] years from now. 👇🏼"
X Link 2025-05-04T23:33Z 13.6K followers, 111.8K engagements
"I left my investment banking career behind making $500K+ a year to buy and build an HVAC SMB. It wasnt for the paycheck. Ill make a fraction of what a made in banking and SMB ownership doesnt carry the same security as a W2 employee. It wasnt for the work/life balance. In banking I was constantly on my phone taking the next call text email etc. Nights weekends and holidays. With SMB ownership its no different. I liked the idea of betting on myself. If Im willing to put in the same amount of effort and hours into building something I might as well do it for myself and not someone else. In"
X Link 2024-10-30T23:57Z 13.6K followers, 145K engagements
"Private equity is going all in on the home services space. I spoke with one of the largest private equity groups and theyre literally building portfolio companies for every vertical around the home. Its not just HVAC and Plumbing. Every vertical"
X Link 2024-11-18T01:53Z 13.6K followers, 128.2K engagements
"When I was in investment banking we would heavily discount LOIs from private equity that included earn-outs. I can think of only [--] successful sell-side M&A transactions that included an earn-out. Earn-outs can get messy and the goal posts to achieving a full payout can be nearly unattainable"
X Link 2025-03-16T18:42Z 13.6K followers, 100.2K engagements
"LBO Model for an NFL Team Assume a private equity firm could buyout a NFL team as opposed to the 10% cap. Let's see what the returns would look like in a simple LBO model. The average NFL team is valued at $6.5 billion and generates on average $640 million in revenue and $127 EBITDA (19.8%). That's a staggering 10.2x multiple of revenue and 51.2x EBITDA(). And I thought HVAC was high. To finance the transaction we're going to get some senior debt and lever up to the league's max limit - $1.4 billion. That leaves the remaining all equity - $5.1 billion. Assumptions Total Debt: $1.4 billion"
X Link 2024-09-05T13:49Z 13.6K followers, 125.4K engagements
"Ramblings of a (recovering) investment banker: When I was a junior banker we were working on a sell-side mandate that had at best a 50-50 chance of closing. Highly cyclical business and the economy was shakey. You get the picture. Not great. Grinding away on the CIM all week I decide to power down around 12am on Friday. Saturday morning at 8am working with the family to the local park. ring ring from the cell phone and its my MD. Answer the call. MD: Where the fck are you right now Me: Uh its Saturday morning. Im with my family. Whats going on MD: This fcking deal is blowing up right"
X Link 2024-08-29T02:06Z 13.6K followers, 1M engagements
"Billy this is called multiple arbitrage. We buy a bunch of sub-scale HVAC companies for 5x put them together as a platform and sell the whole thing for 16x"
X Link 2025-10-25T22:00Z 13.6K followers, 32.6K engagements
"I buy HVAC companies the same way people buy houses: Find a good one get a loan and make payments from the income it produces. Except HVAC companies pay better than rental properties. And I dont have to deal with tenants calling me at midnight. Instead I have to deal with: Customer calls/texts complaints starting at 6am and ending around 11pm GC project manager threatens to call the cops on you Employee crashes van into a gas pump Van breaks down on the interstate first thing in the morning and is out of commission for [--] days Installers install the wrong equipment at the right house"
X Link 2025-09-20T19:14Z 13.6K followers, 117.5K engagements
"I buy businesses the same way people buy houses: Find a good one get a loan and make payments from the income it produces. Except businesses pay better than rental properties. & I don't have to deal with tenants calling at midnight"
X Link 2025-09-20T17:22Z 164.9K followers, 111.2K engagements
"Today is the first day Ive legit thought about quitting my HVAC company. And Im the owner"
X Link 2025-10-28T01:05Z 13.6K followers, 93.2K engagements
"Im convinced SMB Searchers should stay away from home services. Unless you have direct experience managing blue collar employees youre setting yourself and the company up for failure. Trust me your white collar corporate experience doesnt translate"
X Link 2025-03-17T01:14Z 13.6K followers, 107.5K engagements
"I used to think investment banking was challenging work. Now I own an HVAC company and realize operating a small business is 10x more challenging"
X Link 2025-06-22T16:45Z 13.6K followers, 54.5K engagements
"Just made a $74845 credit card payment for HVAC equipment and materials. I put all of our equipment materials gas and miscellaneous supplies on the credit card. The 2% cash back we receive on all purchases helps add to our gross profit margin"
X Link 2025-04-28T16:52Z 13.6K followers, 75.7K engagements
"Lets say you buy an HVAC company and then your lead installer demands a 20% raise. And hes a leader in the company so if he leaves 50% of the techs leave. Whats your move"
X Link 2025-03-07T23:17Z 13.6K followers, 161.8K engagements
"People outside of the HVAC industry dont understand how bad the R-454B refrigerant shortage is. Im willing to make a [----] mile round trip to Chicago from FL to pick up [--] jug just so I can finish one install job for a customer. Cant find this stuff anywhere around the country"
X Link 2025-06-05T23:30Z 13.6K followers, 51.8K engagements
"I drove [--] hours roundtrip just to have lunch with an HVAC owner interested in selling his business. Within [--] minutes I knew I was passing"
X Link 2025-03-15T01:44Z 13.6K followers, 117.4K engagements
"@heydannypeavey 💯"
X Link 2025-06-19T01:34Z 13.6K followers, 225.2K engagements
"Would you rather buy a Daycare or HVAC SMB I bought an HVAC SMB and it feels like Im running a very expensive Daycare"
X Link 2025-04-08T00:02Z 13.6K followers, 82.6K engagements
"As a former investment banker I can tell you this is terrible advice. Good luck selling a [--] lumberyards with consolidated $10m EBITDA for 10x - 12x because it will never happen. On the other hand if this is $10m of residential HVAC SMBs it should trade for 13x - 15x. Industrial HVAC with $10m EBITDA its worth maybe 7x - 8x (if youre lucky). Just because youve aggregated $10m of EBITDA in X industry does not mean a buyer in step in by default and pay a minimum of 10x. Know your industry before doing a roll up. I'm doing a "rollup". If you own multiple firms & total cash flow is over $10M a"
X Link 2024-12-07T17:29Z 13.6K followers, 134.8K engagements
"I'm doing a "rollup". If you own multiple firms & total cash flow is over $10M a year you can sell all the firms for 10x to 12x cash flow. That's a $100M to $120M payout. Here's how I'm doing it using other people's money:"
X Link 2024-12-06T14:11Z 164.9K followers, 164.1K engagements
"The true path to generational wealth is being an equity holder not an SG&A expense line item in operating expenses"
X Link 2024-11-24T17:40Z 13.6K followers, 28.1K engagements
"Aspiring investment banking senior bankers/MDs looking for that $1 million+ comp this is what youre signing up for. Typical week looks like this: Sunday: Fly out NY to DFW Monday: DFW morning pitch + [--] PEG meetings Back to the airport Dozens of calls/emails DFW to LAX Tuesday: Management presentation Check in [--] PEG meetings Dozens more of calls/emails to catch up Redeye to ATL Wednesday: No sleep. [--] hour drive to the hotel to shower shave and change. Drive to next meeting. [--] hour kickoff meeting w/ client. Client is p*ssed off about something. Take [--] more calls on the drive back to the"
X Link 2024-10-24T03:02Z 13.6K followers, 147.7K engagements
"As an investment banker I worked every major holiday - Christmas New Years Eve etc. all the big ones with family. Stepped away from the dinner table to take urgent calls in my office or stepped outside to chat with a client countless times. Usually it was our private equity clients that were more demanding regardless of what day it was on the calendar. Sometimes it was warranted. But most of the time the requests could have waited a day. Working on a major holiday feels very different as an SMB owner / entrepreneur. I dont mind getting some work done because Im working for my own benefit not"
X Link 2024-12-25T20:33Z 13.6K followers, 82.2K engagements
"85 year old customer called our HVAC company today because her system was blowing warm air. Our service technician discovered that she couldnt see the thermostat was set to Heat at [--] degrees. We didnt charge her for the service call because it was the right thing to do"
X Link 2025-05-29T02:11Z 13.6K followers, 24.8K engagements
"Im a firm believer that most mid level investment bankers senior associates and vice presidents would make for excellent owner / operators of SMBs but so many are worried about the career risk of the move and never take the leap toward entrepreneurship"
X Link 2024-11-10T02:24Z 13.6K followers, 72.3K engagements
"EBITDA. HVAC business owner and his broker have never heard of it. I told them this is a problem"
X Link 2025-03-19T01:39Z 13.6K followers, 132.2K engagements
"My background is investment banking / M&A / Finance. Not operations. Since buying an HVAC company Im getting a crash course Ph D in operations"
X Link 2025-10-30T23:55Z 13.6K followers, 31.2K engagements
"Love seeing our guys at Nolan Air on the road serving homeowners in the Tampa Bay Area making sure they can beat the Florida heat 💪🏼 http://www.nolanair.com http://www.nolanair.com"
X Link 2025-03-10T00:42Z 13.6K followers, 723.8K engagements
"The largest M&A transaction Ive worked on was just under $600 million and the smallest is currently less than $5 million. The time and energy spent on the small deals is about the same amount spent on the larger deals. Sometimes even more. That $1m EBITDA deal is going to take the same level of DD brain damage as the $10m EBITDA deal. At least with the $10m EBITDA deal you have [--] headache rather than [--] little headaches to get to the same spot. Maybe thats one reason why buyers tend to pay a little more for a larger asset. Ceteris paribus"
X Link 2024-12-18T00:56Z 13.6K followers, 48.1K engagements
"To be successful in investment banking there are [--] very different skill sets required. Associates/Analysts: Grinders Doers Follow the direction and guidance from the VP. Your job is to complete whatever task is in front of you as quickly as possible without an errors (or very few). Vice President: Project Manager Quarterback Make your MD/Director look good/smart and ensure that everything is on track with live deals and upcoming pitches. Run point on 90% of the transaction once a live mandate is signed up. Managing Director/Director: Sales Rainmaker Fees to the firm. That is your mandate and"
X Link 2024-12-19T02:20Z 13.6K followers, 45.6K engagements
"As a former investment banker and now owner & operator of a small business I have immense respect for anyone that started a small business in the trades like HVAC Plumbing Electrical Etc and have done this for years or even decades. As a former investment banker I saw a lot and was exposed to a lot of different companies and management teams over the years but as I now understand theres also a lot I wasnt exposed to day to day on the operations side. I know what drives valuation what buyers like private equity firms are looking for how to position your company for a sale process etc but"
X Link 2025-06-03T01:39Z 13.6K followers, 40.1K engagements
"If you think investment banking is tough try running a sub-scale HVAC company. If you think investment banking is tough try running a sub-scale HVAC company"
X Link 2025-10-07T01:03Z 13.6K followers, 29.3K engagements
"If you think investment banking is tough try running a sub-scale HVAC company"
X Link 2025-10-06T01:19Z 13.6K followers, 51.4K engagements
"Theres a reason why one HVAC Plumbing & Electrical company will trade for 5x and another for 12x. And why the private equity-backed platforms trade for 17x - 20x+. Key company attributes that influence valuation"
X Link 2025-01-21T19:14Z 13.6K followers, 75.5K engagements
"Im once again reminded why I hate working with PE and realize most people in the industry truly do not give a sh*t about anything other than the IRR in their little excel spreadsheets"
X Link 2024-09-09T18:06Z 13.6K followers, 61.1K engagements
"This is why private equity is all in on home services like HVAC plumbing & electrical companies Capital light vs capital heavy businesses: https://t.co/f91BF1ozw1 Capital light vs capital heavy businesses: https://t.co/f91BF1ozw1"
X Link 2025-11-09T22:30Z 13.6K followers, 51.1K engagements
"Capital light vs capital heavy businesses:"
X Link 2025-11-09T08:59Z 120.7K followers, 100.9K engagements
"Interviewed [--] experienced HVAC techs today. Both work for private equity-backed HVAC companies. Both are overworked and underpaid. If this is the private equity model in my market I view this as a huge opportunity"
X Link 2025-04-28T22:52Z 13.6K followers, 45.3K engagements
"@ryanelliott Hes an installer. Cant have installs with customers start that late in the day. Service yes you can stagger shifts"
X Link 2025-11-01T22:04Z 13.6K followers, 47.5K engagements
"Private Equity playbook for residential HVAC Plumbing & Electrical: Acquire independents for 5x - 8x with EBITDA generally falling between $750k - $1.5m. Have the selling owner remain in place to run the brand at the local level while the platform provides centralized back office support. Integrate all brands with each on the same systems - ServiceTitan Sage Intacct and ADP. Grow the platform inorganically through additional acquisitions and organically until the platform achieves $25m+ in adjusted EBITDA. PE exits the platform investment that trades for 17x - 20x adjusted EBITDA. Sila"
X Link 2024-11-30T21:17Z 13.6K followers, 44.6K engagements
"As an investment banker I had a good idea of why one company trades for 4x and another for 8x. As an owner & operator I know exactly why one company trades for 4x and another for 8x"
X Link 2025-06-03T22:46Z 13.6K followers, 29.6K engagements
"In the last [--] months Im aware of at [--] massive private equity-backed HVAC Plumbing & Electrical platform implosions"
X Link 2025-02-19T02:51Z 13.6K followers, 52.6K engagements
"Broker reached out to me with an HVAC company for sale. $650k EBITDA and the seller wants 9.5x EBITDA. Thats a quick pass for me. And Ill save you a lot of time right now and let you know thats going to be a pass for anyone on planet earth with half a brain"
X Link 2025-05-15T16:58Z 13.6K followers, 41.5K engagements
"Back in my investment banking days I had a client walk away from a management presentation with a private equity group and he said to me F*ck that guy. I dont care how much hes offering to pay for my company Im not selling to that guy M&A is as much about building relationships as it is about structuring a great deal and making a strong offer for an SMB. If the principals dont make a connection its going to be exceptionally difficult to get a deal done. The SMB seller wants to have confidence their company employees and customers are in good hands with the right partner after the wires go out"
X Link 2024-11-09T16:54Z 13.6K followers, 42.1K engagements
"Im quickly realizing the younger generation isnt cut out to work in the trades. Just fired a [--] yr old kid after giving him half a dozen second chances. Planning to hire HVAC technicians with a minimum of 8+ years of experience"
X Link 2025-04-15T23:45Z 13.6K followers, 56K engagements
"This is what a $73591 investment into growing our HVAC company looks like"
X Link 2025-04-29T21:16Z 13.6K followers, 31.1K engagements
"Its official. Today I officially resigned from Investment Banking. And in the new few weeks I will leave behind the security of a W2 job and embark on the unknown of entrepreneurship. My focus going forward will be buying and building vs sell-side M&A advisory. Ill be actively pursuing opportunities in the #homeservices same and hope to expand my network on this #X platform along the way. Looking forward to the next chapter. 🫡 #SMB #Entrepreneurship #InvestmentOpportunity"
X Link 2024-04-16T17:20Z 13.6K followers, 123.1K engagements
"Its competitive out there in HVAC. We bid a low margin $7500 replacement install. Another company outbid us by $3500"
X Link 2025-07-16T18:25Z 13.6K followers, 44K engagements
"Im seriously considering starting an M&A advisory firm focused on home services to give business owners an alternative to the generalist business brokers out there"
X Link 2025-04-27T16:09Z 13.6K followers, 67.3K engagements
"Private Equitys reaction to a residential HVAC companys EBITDA margin. Pay attention owners"
X Link 2025-05-04T01:02Z 13.6K followers, 33.9K engagements
"@WrightBran14434 Pretty much what I do on a daily basis now"
X Link 2025-04-15T01:37Z 13.6K followers, 85K engagements
"EV/EBITDA multiples for residential HVAC Plumbing & Electrical 20x+ National / super regional platforms 16x - 18x Large regional platforms 12x - 15x Emerging platforms 10x - 12x Large sophisticated independents 5x - 8x Single location independents 3x - 4x Micro mom & pop independents The wide range of multiples are driven by a number of factors. - Scale - Management team - Systems - Recurring revenue - Mix of new construction vs replacement & service - Mix of residential vs light commercial - Organic vs inorganic growth Just to name a few"
X Link 2024-09-22T15:43Z 13.6K followers, 58.5K engagements
"Another Private Equity-backed residential HVAC Plumbing & Electrical platform trades for 17x EBITDA. $1.1 billion EV on TTM EBITDA of $65 million. Redwood Services was formed [--] years ago and has partnered with [--] businesses serving [------] customers a year. This is the second home services platform to trade for a high teens multiple in less than a year which is exceptionally bullish for the space. Source: @homeprosnews"
X Link 2025-05-09T13:03Z 13.6K followers, 63.6K engagements
"We are wrapping up a $500K HVAC construction project and I swear it will be our last. Even if another HVAC construction job for $1M came up Id pass immediately. It has nothing to do with the EBITDA multiple of the company and how Private Equity buyers view construction. It is about executing the construction project. The amount of brain damage involved for low margin high working capital intensive jobs is simply not worth the big ticket $ revenue"
X Link 2025-09-24T01:51Z 13.6K followers, 39.5K engagements
"The take-private offer for 7-Eleven would be the largest leveraged buyout (LBO) deal ever if it goes through. $58 billion offer represents 9x EBITDA and the investor group is financing it with $38.7 billion in debt 6x EBITDA. Youll need to make some aggressive growth assumptions for roller dogs and slurpees in the LBO model to service the debt"
X Link 2024-11-16T13:47Z 13.6K followers, 47.1K engagements
"If tariffs are now being rolled back will my HVAC vendors now roll back their recent price increases 🤔"
X Link 2025-05-13T12:53Z 13.6K followers, 31.5K engagements
"Now you know where private equity is willing to pay a premium for a commercial HVAC company Crazy stat: 72% of all US data-center capacity is sitting in just 1% of counties. https://t.co/mhfvgpq3vq Crazy stat: 72% of all US data-center capacity is sitting in just 1% of counties. https://t.co/mhfvgpq3vq"
X Link 2025-11-05T02:23Z 13.6K followers, 72.5K engagements
"Crazy stat: 72% of all US data-center capacity is sitting in just 1% of counties"
X Link 2025-11-05T01:40Z 732.6K followers, 107.4K engagements
"Residential HVAC Plumbing & Electrical EBITDA multiples 3x - 5x: Subscale company 5x - 8x: Independents / family owned 8x - 12x: Large independents 12x - 15x: Regional platforms 15x - 20x: Super Regional / National Heres a list of what increases value for these home services companies 👇🏼"
X Link 2025-05-10T23:39Z 13.6K followers, 30.2K engagements
"M&A activity in [----] is going to be one of the strongest years in a while particularly for my industry HVAC Plumbing & Electrical. Private Equity with massive dry powder that needs to be deployed Private Equity long in the tooth on hold periods for platforms that need to exit Fed easing / interest rates falling Taxes arent increasing likely decreasing Inflation has moderated Election uncertainty is behind us Deregulation is coming This is setting up to be one of the best macro backdrops in a long time. Buckle up investment bankers and private equity investors M&A is going to be great again."
X Link 2024-11-08T00:51Z 13.6K followers, 53.7K engagements
Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing