950+
8,180
$56,400
1.36
Source: U.S. Bureau of Labor Statistics, May 2023 OEWS
Sixth largest HVAC metro with 8,180 technicians
High concentration (LQ 1.36) reflects extreme cooling demand
Summer temperatures exceeding 110°F create urgent service needs
Fastest-growing large metro in the US by population
New construction boom drives equipment installation demand
Phoenix's desert climate makes AC not just a comfort but a necessity. The extreme heat creates urgent demand and premium pricing during summer months. Rapid population growth drives both new construction and replacement markets.
Phoenix is a top-5 target market for HVAC acquisitions. Buyers value the essential nature of cooling services and strong population growth. Companies with emergency response capabilities and new construction relationships command 5-7x EBITDA.
Employment & Wage Data: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2024
Metropolitan Area Statistics: BLS Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates
EBITDA Multiples: Industry estimates based on publicly reported M&A transactions and market analysis. Actual valuations vary based on company-specific factors.