550+
4,200+
$52,800
1.05
Source: U.S. Bureau of Labor Statistics, May 2023 OEWS
Fastest-growing major city in the Southeast
Banking and finance hub drives commercial demand
Hot, humid summers require reliable AC service
Population growth of 20%+ in past decade
Strong new construction market
Charlotte's explosive growth creates both residential and commercial HVAC opportunities. The banking sector provides stable commercial contracts while new construction drives installation demand.
Charlotte attracts regional consolidators seeking Southeast market expansion. Companies with commercial capabilities and new construction relationships are particularly valued. Typical valuations range 4.5-6x 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.