The last quarter of 2025 for M&A for manufacturing and industrial businesses continues to build momentum. As one business owner said, “the dust is starting to settle, but there is still a lot up in the air.” Overall, tariffs continue to dampen the M&A activity but there seems to be marginally more clarity going forward. […]
As we move through the first quarter of 2026, M&A activity across the HVAC industry reflects a market that is stabilizing, though still highly segmented. Manufacturing, distribution, and services are each navigating distinct operating environments, with business owners weighing near-term uncertainty against longer-term structural tailwinds. Click here to download report If you have any questions […]
In Q4 2025, the consumer sector operated in a mixed environment, marked by resilient demand in essential and lifestyle-driven categories alongside ongoing margin and cost pressures. Performance varied across subsectors, with strength concentrated in businesses benefiting from non-discretionary demand, premium pricing and positioning, and continued e-commerce adoption. Elevated input and logistics costs persisted, prompting a […]
We are pleased to introduce the latest edition of our Specialized Services Quarterly Update, featuring a comprehensive look at current conditions across the sector. This report includes a Specialized Services market overview, a focused spotlight on Industrial Services, and investor perspectives on navigating a changing market environment. In addition, we highlight recent Specialized Services M&A […]
We’re proud to share that Carter Morse & Goodrich has renewed its sponsorship of the Tri-State Exit Planning Exchange (XPX) chapter for the 2025–2026 program year. XPX is a trusted network of advisors dedicated to supporting privately held businesses through thoughtful, strategic exit planning. Their chapters foster strong, collaborative local business ecosystems where professionals work […]
CMG’s Chris Reenock and Ramsey Goodrich will be attending the 2026 AHR Expo in Las Vegas from February 2–4, 2026 at the Las Vegas Convention Center. AHR is the global HVACR (Heating, Ventilation, Air Conditioning, and Refrigeration) industry’s largest annual event, bringing together manufacturers, suppliers, engineers, contractors, and other professionals to explore cutting-edge technology, attend […]
Carter Morse & Goodrich (“CMG”) is pleased to announce that it served as the exclusive financial advisor to National Integrated Industries, Inc. (“NII” or the “Company”) in its sale to Sumco, a division of Industrial Manufacturing Group (“IMG”). The acquisition will further expand IMG’s portfolio of manufacturing groups, currently consisting of Metal Processing, Recycling, and […]
Carter Morse & Goodrich is pleased to announce that Zack Chudry has joined the firm as an Associate. In this role, Zack will focus on transaction execution and support CMG’s business development efforts, working closely with founders, families, and management teams throughout the M&A process. “We are excited to welcome Zack to CMG,” said Terry […]
At CMG, our Senior Advisors play a pivotal role in elevating the guidance we provide to founder- and family-led businesses. Their real-world experience, industry depth, and strategic insight help us deliver thoughtful, informed advice throughout every stage of a transaction. Today, we’re excited to spotlight Nicole Russo, a seasoned technology, operations and finance leader with […]
The HARDI HVAC distribution base and broader HARDI member community gathered last week in Las Vegas for the 2025 Annual Conference, an event that once again underscored both the scale and momentum of the HVACR industry. HARDI welcomed more than 2,000 attendees to this year’s conference, including 180 distributor companies and over 600 total member […]