Residential HVAC Business

This company had four owners of this second-generation residential HVAC business with over 10,000 service contracts. There were a lot of issues with the financials since all profits were distributed every year. The adjusted EBITDA was made up completely of owner add-backs, resulting in a stressful Quality of Earnings process. Adding a significant amount of complexity were the desires of the four owners, completely unique to everyone. We were able to achieve a double-digit multiple on the adjusted EBITDA with a cash at close that satisfied each owner and today the brand continues to excel in the market providing exceptional security and upward growth opportunities for the employees.

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Services provided by TREP Advisors, LLC is intended for strategic succession planning purposes only. Statements made by TREP Advisors, LLC and/or its representatives are opinions and do not constitute tax, financial or legal advice, or a formal business valuation. Recipients of such statements are encouraged to seek independent tax, financial and/or legal advice from duly-regulated sources. TREP Advisors, LLC does not provide advice or services pursuant to which registration as a broker-dealer under the Securities Exchange Act of 1934, as amended, is required. TREP Advisors, LLC does not provide advice or services as an investment advisor pursuant to the Investment Advisers Act of 1940.