The latest issue of our HVACR Industry Report Q1 2018, highlighting trends in M&A, financing, IPOs and capital markets for private and public companies in the HVACR sector, is now available.

Highlights from this report include:

• Total value of HVACR transactions in North America during 2017 was the highest in over 25 years
• Actual number of HVACR transactions in North America in 2017 was the lowest since 2002
• Middle-market transactions > $50 million in enterprise value (EV) are trading in the 7.25-10x of EBITDA and are based on the highly engineered product
• Global consolidation in the HVACR sector continues to be pronounced with an estimated 117 deals completed in 2017