Buy an HVAC business.
Planned-maintenance contracts and call-out work create defensible cash flow that buyers underwrite at premium multiples versus pure install businesses.
F-Gas compliance, refrigerant phase-downs and the move to heat pumps are pulling spend toward technically-credentialed operators with strong service books.
Confirm certification, refrigerant logs and any historical leak liabilities — exposure here can re-price a deal.
HVAC working capital swings with the season. Stress-test debtor days and stock cover before agreeing an EBITDA bridge.
Customer mix', body: 'Commercial vs. residential vs. new-build split materially changes how a buyer should multiple the business.
What size HVAC businesses does Sterling source?
Sterling sources HVAC contractors and service businesses generally between £500K and £100M in enterprise value across the UK and US.
Are HVAC mandates exclusive to DealFlowAgent?
Mandates come from a mix of direct owner introductions and partner sell-side advisors. We confirm with each owner or advisor what level of process exclusivity applies before introductions are made.
How are recurring service contracts treated in valuation?
Recurring planned-maintenance and call-out revenue is generally underwritten more aggressively than project install revenue because of its visibility. The exact treatment depends on contract length, renewal history and customer concentration.
Can Sterling find bolt-on HVAC targets for a platform?
Yes. Many of our buyers are PE-backed HVAC platforms looking for geographic or service-line bolt-ons. Sterling learns your specific add-on thesis (region, contract type, engineer mix) and surfaces matches.
Where do I see HVAC valuation benchmarks?
Our HVAC valuation pillar guide sets out the EBITDA bands buyers actually pay and the drivers that move the multiple. The link to it is included on this page.
Mandates we surface generally sit between £500K and £100M in enterprise value.
Specific multiple bands are covered in our pillar valuation guide below.
The diligence themes most likely to move price, deal structure or completion certainty.
Backed by institutional investors behind global industry leaders.
We have raised substantial private capital to ensure our advisory platform, proprietary buyer intelligence and client execution team have permanent, long-term balance sheet stability.
Recent & upcoming features in
A surge of inbound enquiries from our advisor network, prospective clients met at recent events and features in the trade press, including
International Fire & Safety Journal
A surge of inbound enquiries from our advisor network, prospective clients met on the exhibition floor at
in Birmingham, and owners who found us through the trade press.
From the floor · Interschutz, Hannover & The Fire Safety Event, Birmingham 2026
Magazine cover artwork shown is an illustrative mock-up ahead of print. Real tear-sheets will be added once each edition is published.
In your own words, what are you looking for?
Fire and life safety sits within building services and FM. Tick both if that is your focus.
Tick any of these and their niche list opens underneath.
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The optional questions can wait. We only need these to save your details.
That's the essentials saved. Four more questions takes about forty seconds and means we only send you businesses that genuinely fit.
Where is the funding coming from?
When are you looking to acquire?
Are you the person who signs off acquisitions?
Only if you're comfortable sharing. It helps us avoid sending you things that are priced outside your range.
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