Is the HVAC M&A market finally turning a corner?
Our Q1 2026 HVAC Sector Quarterly Update is now live, and one theme stands out: the market is starting to move forward again.
While uncertainty hasn’t fully disappeared, decision-making is back. Buyers are engaging, processes are progressing, and capital remains available – though with a more selective, conviction-driven approach.
In this quarter’s report, we cover:
• A comprehensive HVAC market overview
• A legal perspective on HVAC services featuring Jeff Berkman, Chair, Corporate M&A, FR&B
• Recent M&A transaction highlights
• Public market and subsector performance
• U.S. economic indicators shaping the industry
Across the sector, we’re seeing a more constructive environment take shape, driven by the mission-critical nature of HVAC across manufacturing, distribution, and service.
Take a closer look at the full report and connect with our HVAC lead, Chris Reenock, to discuss what these trends mean for your business.