Established HVAC Services Business in Boca Raton

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Established HVAC Services Business in Boca Raton

MaintenanceBoca Raton, United StatesVerified

Deal information

Est. 2025Maintenance
Asking price
$150MUSD
Revenue
$286.4M
Profit
$15M
Multiple
10.0x

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Description

Well-established residential and commercial HVAC services provider in South Florida, offering AC installation, repair, preventive maintenance, indoor air quality solutions, and heating services. Part of a restructured platform with 24/7 service availability, strong recurring maintenance revenue, and a scalable multi-location operating model.

Products & services

Core revenue streams include:

HVAC Installation & Replacement — Full residential and commercial AC and heating system installations, including new construction and retrofit projects. Carries major equipment brands and offers financing options.

Repair & Emergency Service — 24/7 emergency AC and heating repair with same-day/next-day response. High-margin, demand-driven service line that drives customer acquisition.

Preventive Maintenance & Service Agreements — Recurring maintenance contracts (tune-ups, filter changes, system checks) that provide predictable recurring revenue and strong customer retention.

Indoor Air Quality Solutions — Duct cleaning, air filtration upgrades, UV light installations, and attic insulation services — a growing ancillary revenue stream.

Plumbing Services — Installation and repair of water heaters, fixtures, and plumbing systems — an add-on service line that cross-sells to the existing HVAC customer base.

Pricing model: Service fees (time & materials, flat-rate diagnostics) for repair/maintenance; project-based quotes for installations; monthly/annual subscription agreements for preventive maintenance plans.

Customers & market

Customer Base: Primarily residential homeowners in South Florida (Boca Raton, Palm Beach County, Broward County), with a secondary commercial segment (small-to-mid-size businesses, property management companies). The South Florida HVAC market benefits from year-round cooling demand and an aging housing stock requiring replacement and repair.

Market Position: The business operates in one of the highest-demand HVAC markets in the U.S. — South Florida's tropical climate creates near-constant cooling demand, and the region's rapid population growth continues to drive new construction and retrofit opportunities.

Key Market Drivers:

  • Florida's hot, humid climate creates 12-month cooling demand with minimal seasonal dip.
  • Aging housing inventory in Palm Beach and Broward counties drives replacement and upgrade cycles.
  • Growing regulatory requirements (SEER standards, refrigerant phase-downs) force equipment upgrades.
  • Population growth in South Florida expands the addressable market annually.

Customer Retention: Maintenance agreement customers show high retention rates; the 24/7 emergency service capability builds trust and repeat business.

Operations & team

Team: Operates with a field workforce of HVAC technicians, installers, and service advisors, supported by a dispatch and customer service center. The broader platform employed 500+ professionals across multiple Florida locations at peak.

Service Model: 24/7 availability with same-day and emergency service capability. Technician-dispatch model with company-provided vehicles and uniforms. Online booking and call-center intake.

Key Operational Strengths:

  • Multi-location presence across South Florida provides geographic coverage and brand recognition.
  • 24/7 service availability differentiates from smaller competitors.
  • Standardized operating procedures for installation, repair, and maintenance.
  • Fleet of service vehicles enabling rapid response times.

Facilities: Two Boca Raton locations — a registered office and a corporate office at 1825 NW Corporate Blvd, Suite 110, Boca Raton, FL 33431.

Key Suppliers: Major HVAC equipment manufacturers (Rheem, Trane, Goodman, Lennox, American Standard, Ameristar) and parts distributors.

Growth opportunities

Quick Wins:

  • Expand maintenance agreement enrollment — only a fraction of repair customers are currently converted to recurring service contracts; a dedicated retention program could double the recurring revenue base.
  • Cross-sell indoor air quality and plumbing services to the existing HVAC customer database — low customer acquisition cost for high-margin add-ons.

Medium-Term Plays:

  • Add adjacent South Florida locations (West Palm Beach, Fort Lauderdale, Miami) — the restructured platform model supports rapid geographic expansion into underserved pockets.
  • Launch a dedicated commercial/property management division — large HOA and property manager accounts offer contract-based recurring revenue.

Long-Term Upside:

  • Build a digital-first customer acquisition engine (SEO, paid search, review management) — HVAC companies with strong online presence capture disproportionate local market share.
  • Introduce smart home / IoT-enabled HVAC monitoring as a premium subscription tier — early movers in predictive maintenance capture higher lifetime customer value.
  • Franchise or license the operating model to independent HVAC operators in new states, creating a capital-light expansion path.

Revenue and earnings by year

What the seller filed for each closed financial year, plus a trend for next year worked out from those years. The full accounts and the line-by-line detail sit behind an enquiry.

RevenueEBITDA
Financial yearRevenueEBITDA
FY2024$286,400,000$25,000,000

Valuation

The seller's own method comes first. The other tabs read the same figures a different way — only methods the seller's figures can actually answer are shown.

EBITDA multiple

Seller's method

$150,000,000

EBITDA $25M × 6.00

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