Closed transaction · November 2019
Gemini Mechanical
MDR & Associates took Gemini Mechanical, a mechanical contractor, through to closing in November 2019.
The transaction
- ClosedNovember 2019
- SectorHome services
- TradeHVAC
- LocationAustin, Texas
- BuyerStrategic buyer
- Engagement to closing90 days
- Represented byMDR & Associates
- Todayhcprohvac.com
The company today, in its own words. Commercial, industrial and residential HVAC services and planned maintenance, serving the Austin area for more than 20 years.
The sale
How it ran
Gemini Mechanical, a mechanical contractor in Austin, came to us 90 days before it closed in November 2019. It was sold to a strategic buyer, found through the same confidential process every company we represent goes through: a blind profile, buyers qualified before they learn the name, and more than one at the table where the company draws them.
What that buyer examined is what any buyer of HVAC companies examines — the factors below, in that order.
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Find out what a buyer would pay for it today. A confidential opinion of value from the firm that sold Gemini Mechanical — free, with no obligation, answered the same business day.
Get a free valuation snapshotWhat decided the price
What buyers look at in an HVAC company
Maintenance agreements
The closest thing this trade has to recurring revenue. Buyers ask for the number of active agreements, the renewal rate, and what share of replacement jobs come from those customers.
Replacement against new construction
Residential service and replacement earns a higher margin and repeats. Builder and new-construction work follows the housing cycle, so buyers value it lower.
Who holds the license
A Texas HVAC company operates under an air conditioning and refrigeration contractor license issued by TDLR. If that license is yours personally, the buyer needs a licensed person in place before closing, not after.
The full list, and who the buyers are: Selling an HVAC company in Texas.
The record
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- A value range and what is driving it
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