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 […]
Carter Morse & Goodrich is pleased to announce that Jon Michaels has rejoined the firm as a Vice President. In this role, Jon will lead M&A engagements and support CMG’s transaction execution and business development initiatives, working closely with founders, families, and management teams. “We are thrilled to welcome Jon back to CMG,” said Ramsey […]
CMG’s Ramsey Goodrich and Chris Reenock are looking forward to connecting with industry leaders at the 2025 HARDI Annual Conference in Las Vegas. We will be hosting a dedicated session at the conference exploring the current state of the HVAC M&A markets: “Navigating M&A in the World of HVACR” 12/10 – 2:15pm PT. We hope […]
CMG’s Michael Carter spoke at the Connecticut Bar Association’s Business Law Section meeting on advising lawyers regarding business valuation. He provided attendees with a “Seat of the Pants” valuation methodology, highlighted six key value drivers attorneys should understand, and offered guidance on how to interpret and appropriately challenge an investment banker’s valuation analysis. Thank you […]
Ramsey Goodrich, Managing Partner of CMG was a featured speaker at the M&A Advisor ‘s 2025 Future of Dealmaking Summit in New York. Ramsey was joined on stage by other Thomas Ferrell Lifetime Achievement and Leadership Award recipients including Robert “Bobby” Blumenfeld, Anthony L. Caudle, David N. Deutsch and this year’s honoree, Jacob Voorhees, to […]
The end of the year is always a pivotal time in dealmaking. Join CMG’s Terence Hannafin and fellow panelists on Nov 11 at Alliance of M&A Advisors (AM&AA) Long Island’s “Dealmaker Perspectives: Year-End M&A Outlook” to discuss where the market stands today—and where it’s heading in 2026. Click Here to Learn More or Register
Terence Hannafin will be joining fellow leaders at XPX Long Island for a dynamic discussion on “Where to Go for Financing” — exploring how strategic capital decisions can shape a company’s future, control, and legacy. November 7, 2025 8:30 AM – 10:00 AM Heritage Club at Bethpage, Farmingdale, NY Hosted by XPX Tri-State (Exit Planning […]
CMG’s Terence Hannafin and Geoff Bradley spent two solid days at M&A East speaking with private equity investors, lenders, and fellow dealmakers from across the lower middle market. One thing was clear: momentum is returning. Deals are moving again, confidence is improving, and 2026 is setting up to be an active year for M&A. Key […]
The third quarter of 2025 brought a mixed landscape for M&A across the HVAC industry. As always, the sector’s performance is nuanced, reflecting the varied dynamics of the three primary segments we track – manufacturing, wholesale distribution, and HVAC/R services. In manufacturing, continued tariff uncertainty remains the dominant headwind. Both buyers and sellers have been […]
The third quarter of 2025 for M&A for manufacturing and industrial businesses continues to be challenging, but there are still opportunities for well run platform companies. Overall, tariffs continue to dampen the M&A activity in the manufacturing sector as there has yet to be sufficient clarity to pull both sellers and buyers off the sidelines. […]