Pete Ciaverilla bought a $12m HVAC business, then grew earnings 50% in 3 years. His timing couldn't have been better.
Topics in Peter’s interview:
- Combining households with his parents while searching
- Using a buy-side advisor
- Funding less than 5% of the deal himself
- Transitioning the seller’s family out of the business
- Buying a company with 65 employees, $12M in revenue
- Advantages of buying a bigger company
- Balancing commercial and residential HVAC
- Impact of seasonality on revenue
- Why private equity likes HVAC
- Feeling comfortable with taking on a large loan
References and how to contact Peter:
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