Closed transaction · June 2020
Graco Heating & Air
MDR & Associates took Graco Heating & Air, a heating and air company, through to closing in June 2020.

The transaction
- ClosedJune 2020
- SectorHome services
- TradeHVAC
- LocationLewisville, Texas
- BuyerStrategic buyer
- Engagement to closing90 days
- Represented byMDR & Associates
- Todaygracoac.com
The company today, in its own words. HVAC repair, installation and maintenance in Lewisville and North Texas with over 30 years of service, an Armstrong ProTeam contractor licensed in Texas.
The sale
How it ran
Graco Heating & Air, a heating and air company in Lewisville, came to us 90 days before it closed in June 2020. 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.
Own an HVAC company?
Find out what a buyer would pay for it today. A confidential opinion of value from the firm that sold Graco Heating & Air — 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
More HVAC companies we have sold
Your company
Talk to the firm that sold Graco Heating & Air
Four fields and a reply the same business day. Nothing you send is shared with anyone, and nothing reaches your employees, customers or competitors. If you would rather talk, call (855) 637-2776.
- A value range and what is driving it
- An honest answer about whether now is the time to sell
- No fee unless and until your company sells







