HVAC

The HVAC industry is a dynamic and essential sector where evolving regulations, emerging technologies, and expanding geographic and end markets continue to reshape the landscape. As HVAC (and R) systems have become integral to both work and daily life, the pace of innovation and the growing complexity of the industry present significant opportunities for M&A for the purpose of strategic growth and consolidation.

Carter Morse & Goodrich (CMG) takes a holistic approach to the HVAC space, covering the entire value chain — from manufacturing and distribution to commercial and residential service contractors. Unlike other investment banks that treat HVAC as a sub-sector within broader, less focused, industry verticals, CMG’s focused expertise provides our clients with a comprehensive view of industry trends and unique insights that drive superior outcomes.

With decades of experience advising family- and founder-owned businesses, CMG is uniquely positioned to deliver exceptional results for our clients navigating their ‘once-in-a-lifetime’ M&A transaction in the HVAC industry, with a specialized focus on:

  • Manufacturing – HVAC, refrigeration and plumbing equipment, components, and systems
  • Distribution – Wholesale, regional and specialized supply chains
  • Residential and Commercial HVAC Services – Installation, maintenance, and repair services
  • Building Automation & Controls – Smart systems, connected environments, indoor air quality (IAQ) and flow controls

For more information, please contact Chris Reenock for more information on CMG’s HVAC experience.

View Recent HVAC Articles

CMG Marks Major Milestone with New Office Opening in Providence, RI

Exciting News! Carter Morse & Goodrich (CMG) is thrilled to announce the opening of its new Providence, Rhode Island office. This marks an exciting milestone in the firm’s continued expansion...
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CMG Advises Culinaire International on Strategic Sale to Multinational Buyer

SOUTHPORT, CT – March 2025 – Carter Morse & Goodrich (“CMG”) is pleased to announce that it served as the exclusive financial advisor to Culinaire International, Inc. (“Culinaire” or the...
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Carter Morse & Goodrich Advises Shareholders of Unger on Sale to BISSELL

Carter Morse & Goodrich (“CMG”) is proud to have advised shareholders of Unger Enterprises (“Unger”) on its recent sale to BISSELL, Inc. (“BISSELL”).  The combination brings together two multi-generational family-owned...
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