1,100+
9,080
$63,420
1.23
Source: U.S. Bureau of Labor Statistics, May 2023 OEWS
Fourth largest HVAC metro with 9,080 technicians
Four-season climate drives both heating and cooling demand
Above-average concentration (LQ 1.23) indicates healthy market
Historic buildings require specialized HVAC solutions
Healthcare and education sectors provide stable commercial demand
Philadelphia's diverse climate creates balanced heating and cooling revenue. The aging housing stock drives replacement demand, while the strong healthcare and university presence provides stable commercial contracts.
Philadelphia-area HVAC companies attract both regional consolidators and national platforms. Companies with healthcare facility experience and historic building expertise command premiums. Typical valuations range 4.5-6.5x 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.