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Articles by Raymond Gong

Insights on profit margins, exit preparation, and financial management for home services contractors.

Financial Management

Private Equity and HVAC: Why Buyer Demand for Home Services Companies Keeps Climbing

Blackstone just agreed to pay roughly $2.5 billion for Champions Group, a residential HVAC, plumbing, and electrical platform based in Orange County,...

Mar 5, 2026 7 min read
Financial Management

The Complete Guide to Financial Management for Home Services Companies

If you run an HVAC, plumbing, or electrical company doing between $3 million and $30 million in revenue, there is a good...

Mar 5, 2026 21 min read
Financial Management

76 Percent of Home Services Companies Are Still Independent. Here Is What That Means.

There is a number buried in McKinsey’s research on the home services market that explains a lot about why private equity has...

Mar 5, 2026 6 min read
Financial Management

The PE Operational Playbook for Home Services: What They Do After They Buy

Private equity firms have spent the last five years acquiring home services companies at record pace. But the real story is not...

Mar 5, 2026 12 min read
Financial Management

AI for Home Services Companies: What’s Actually Worth Your Money (and What’s Just Hype)

Every trade show, every vendor email, every podcast — the message is the same: AI is going to transform your business. And...

Mar 5, 2026 6 min read
Financial Management

Most Home Services Companies Are Leaving 500 Basis Points of Margin on the Table

McKinsey & Company recently published a study on the US home services market that included a finding most contractors will read right...

Mar 5, 2026 9 min read
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