HVAC
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Apr 27, 2026 by Matt Perelman · across every show →
Everything said about HVAC, oldest first
Apr 27, 2026 bearish
Perelman: GSP avoids roll-up categories with bolt-on multiples above 8x cash flow
“We are actively avoiding categories where the bolt-ons are trading outside of our price range. There are categories today that people are having success rolling up, whether they be Resi HVAC or pest control, or in a prior cycle, perhaps VET, where the platform…”