What's my HVAC Company worth?

Real San Diego hvac company multiples, the value drivers that move pricing, and a free defensible valuation.

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San Diego HVAC is one of the hottest M&A categories of the last 5 years, with PE-backed home services platforms aggressively rolling up operators across Southern California. Whether you're running a $1M residential service business or a $10M commercial mechanical contractor, Exit Clue runs processes with both individual buyer-operators and the major consolidators — so you see strategic vs. financial pricing before choosing.

HVAC Company Valuation Multiples (San Diego)

MetricLowTypicalHighNotes
SDE Multiple2.5x3x3.5xOwner-operator residential HVAC under $750K EBITDA
EBITDA Multiple5x7x9xPE consolidator deals, $750K+ EBITDA
EBITDA Multiple3x4x5xIndividual owner-operator buyers
Service Agreement Value$1K – $3K eachMaintenance contracts often valued separately

“Typical” is the midpoint of the published low–high range. Same source data the free calculator uses.

Value Drivers Specific to HVAC Company

Service-Agreement Base

Recurring maintenance contracts (PMs) are your single biggest value driver — every additional 100 contracts can add $100K+ to enterprise value.

Residential vs. Commercial Mix

Residential service is the favorite of PE buyers right now; commercial mechanical contracting values lower but more stable.

Tech Bench & Coverage

EPA-certified, tenured techs with crew leaders matter heavily in transferability.

Average Ticket & Margins

Higher average tickets, gross margin north of 35%, and net margin north of 10% drive premium multiples.

C-License & Compliance

Proper C-20 California contractor license, clean OSHA record, and worker's comp history all factor in.

Frequently Asked Questions

PE has flooded the home services category since 2020, treating it like a recurring-revenue business. Service-agreement bases trade at 8–10x EBITDA from sophisticated buyers — much higher than historical norms.

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