February 11, 2024
Carter Morse & Goodrich made our annual trip to the AHR (Air-conditioning, Heating & Refrigeration) Expo in Chicago to experience what is trending in HVAC. As one of the largest and best-attended trade shows for the HVAC industry, the 2024 AHR Expo hosted over 1,800 exhibitors and 50,000 visitors over its three-day span. For CMG, AHR Expo is an excellent opportunity to connect with past and current clients, meet with owners of multi-generational family-held and founder-led businesses, and meet with executives and thought leaders at the forefront of the industry.
From our perspective, the Expo was as eventful as ever, so we wanted to share a few key insights reinforcing our enthusiasm for the HVAC sector in 2024.
- Industry Sentiment Remains High: The enthusiasm for “all things HVAC” was palpable on the show floor, including another year of record exhibitor and participant attendance...
- Supply Chains Improve: Supply chains continue to recover from recent turmoil, though some issues are not yet fully resolved...
- Pricing: While prices may have retreated from their COVID-era highs, upward trends continue, with major OEMs already announcing hikes for 2024...
- M&A Markets Heating Up: We had a number of conversations at AHR with both potential buyers and interested sellers, and there was a unanimous opinion that M&A will rebound strongly in 2024 and will spill over into 2025...
Don't miss our informative blog post, "When Selling Your Business: A Failure to Plan is a Plan For Failure." Read it now and gain valuable knowledge to navigate the path to a successful business sale with CMG.
Whether you are actively considering an exit or just curious about options for the future, we would love to connect, learn more and truly understand your objectives. We are happy to share our insights and help explore strategies to maximize the value of your company and enhance the legacy of your business.
About Carter Morse & Goodrich
CMG is a boutique M&A advisory firm that specializes in representing founder-led and family-held businesses valued between $25 million and $250 million who are pursuing their once-in-a-lifetime M&A transactions. We fully understand and appreciate the unique dynamics of closely-held businesses and the importance of owner legacies.