650+
5,580
$77,130
0.77
Source: U.S. Bureau of Labor Statistics, May 2023 OEWS
Third highest wages in the nation at $77,130
Harsh winters drive strong heating demand
Healthcare and education sectors provide stable contracts
Historic buildings require specialized expertise
Biotech industry growth creates commercial opportunities
Boston's combination of harsh winters, prestigious institutions, and biotech growth creates diverse HVAC demand. The historic building stock requires specialized expertise, creating barriers to entry.
Boston HVAC companies attract buyers seeking Northeast market entry. Companies with healthcare and biotech facility experience command premium valuations of 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.