Trade & Field Services

Industry Guide

Buying a HVAC / Refrigeration: What Buyers Need to Know

Benchmarks, valuation norms, and a free BAS calculator for HVAC / Refrigeration acquisitions.

HVAC / Refrigeration — Industry Benchmarks

EBITDA Margin (Low)15%
EBITDA Margin (High)25%
Acquisition Multiple (Low)3x
Acquisition Multiple (High)5x
Minimum DSCR1.4x
Industry Risk Score7/10 — Moderate Risk

What makes a good HVAC / Refrigeration acquisition? Look for margins at or above 25%, a purchase multiple below 5x, and a DSCR comfortably above 1.4x. A risk score of 7/10 (moderate risk) means this sector tends to have stable, recurring demand — a positive for acquisition buyers.

Calculate BAS for a HVAC / Refrigeration

Industry: HVAC / Refrigeration

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