1,500+
8,440
$72,160
0.52
Source: U.S. Bureau of Labor Statistics, May 2023 OEWS
Fifth largest HVAC metro with 8,440 technicians
Highest average wages in the nation at $72,160
Mild climate reduces seasonal demand fluctuations
Strict Title 24 energy codes drive equipment upgrades
Entertainment industry creates unique commercial opportunities
LA's mild climate means lower HVAC concentration, but the massive population still creates substantial demand. High labor costs are offset by premium service rates. Commercial properties and data centers drive growth.
LA HVAC companies attract buyers seeking California market entry. The high wages and regulatory complexity create barriers to entry that established companies can leverage. Valuations typically range 5-7x EBITDA for quality operations.
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.