HVAC Acquisitions
We buy HVAC companies, and keep the people who built them.
Three Delta buys established residential and commercial HVAC businesses across the U.S., Florida included. We're an operator-buyer based in Miami Beach, with financing in place before we make an offer. We buy to own and run the business long-term, with your team.
What we look for
If your company fits most of these, we'd like to talk. If you're not sure, ask. We'll tell you quickly and honestly.
Revenue
$2M – $30M
Steady service and replacement revenue.
EBITDA
$500K+
Cash-flow positive with healthy margins.
Work mix
Service-led
Residential, commercial or both. A solid base of maintenance agreements is a plus.
Location
United States
Anywhere in the U.S., including Florida.
History
3+ years
An established customer base and operating track record.
Your role after
Flexible
A 3–6 month handover is typical. Managers in place is a plus.
What we look at in an HVAC business
Every HVAC company is valued on its numbers. These are the things behind the numbers that we ask about first, so you can have answers ready.
The full guide: Selling an HVAC Company →Maintenance agreements. How many members you have, how many renew each year, and what they pay. They even out the seasons and lead to replacement work.
Service and replacement vs. new construction. Service and replacement work comes back year after year. New-construction work rises and falls with the builders. We look at the mix.
Your technicians. How long they've been with you, how the work is spread across them, and whether the busiest weeks depend on one or two people.
The license. In many states, Florida among them, the company works under a qualifying agent's contractor license. If that's you, we plan the license handover before closing, not after.
Trucks, tools and where calls come from. The age of the fleet, and how much work comes from repeat customers and referrals rather than paid ads.
How a sale to Three Delta works
A clear path with real timing, so you can plan around it. See our full process →
A first conversation
Confidential, and no documents needed. We learn about the company and what you want from a sale.
Numbers, under NDA
Three years of P&Ls or tax returns, plus year to date. We sign the NDA first.
Letter of intent
The terms in our LOI are the terms we close on, unless diligence finds something material.
Close in 60–90 days
From signed LOI to close, then a 3–6 month handover with you alongside.
Questions HVAC owners ask us
Who buys HVAC companies?
Most HVAC companies sell to one of three kinds of buyer: private-equity-backed platforms that combine many HVAC companies, larger HVAC or mechanical contractors, and operator-buyers who buy a company to run it. Three Delta is an operator-buyer. We buy established HVAC companies with $2 million to $30 million in revenue and run them long-term with the existing team.
Do you buy HVAC companies in Florida?
Yes. We're based in Miami Beach and buy HVAC companies anywhere in the U.S., Florida included.
How long does it take to sell my HVAC company to you?
Usually 60 to 90 days from a signed letter of intent to closing. Before that, the pace mostly depends on how quickly the financials come together. Financing is lined up before the LOI, so it doesn't hold up the close.
Will my technicians and office staff keep their jobs?
Yes. Keeping the team is how we buy. Your technicians, dispatchers and office staff are a large part of what makes the company worth buying.
Do I have to stay on after the sale?
A 3 to 6 month handover is typical, so customers, staff and suppliers get to know the new owner with you there. If you have managers in place, the handover can be shorter.
Thinking about selling your HVAC company?
Start with a confidential conversation. You'll hear back within one business day.
Start a Confidential Conversation