Seeing reports out this morning that Morgan Stanley Capital Partners (MSCP), the private equity arm of Morgan Stanley is reportedly exploring the sale of HVAC and plumbing services company Sila Services. MSCP acquired Sila in 2021 for an undisclosed price. Market insiders are estimating the deal could fetch a $1.5 billion price tag, equating to […]
Over the last decade or so we’ve seen a notable increase in private equity investment in the home services sector. From HVAC and plumbing to electrical and pest control, home services are witnessing an increasingly significant influx of PE capital. This trend is transforming fragmented, family-owned businesses into consolidated, competitive entities, reshaping the market dynamics […]
A recent survey out of Leaf Home examined homeowners’ views on taking weatherproofing measures to protect their homes against extreme weather. The results were pretty fascinating and reveal a growing opportunity for home services companies going forward. Let’s take a look at some of the findings… The 2024 Extreme Weather Report Extreme weather events are […]
Interesting article out this morning from Plumbing & Mechanical highlighting the growth of the home services industry over the past year. Utilizing Yelp data on business openings, the home services industry is on pace to see growth of 11% over last year’s record business openings total. This upward trajectory highlights the sector’s resilience and adaptability […]
The U.S. Federal Reserve’s decision to cut interest rates by half a percentage point last week had an immediate positive impact on the stock prices of major home improvement retailers like Home Depot and Lowe’s. Both companies have seen their share price rise, reflecting investor confidence in the potential for increased consumer spending on home […]
As we head into Q4 2024, the home improvement industry continues to evolve, influenced by a combination of economic shifts, consumer behavior changes, and technological advancements. For businesses in this sector, understanding the most effective marketing strategies and lead generation tactics is crucial. Recently the team over at ProRemodeler interviewed 5 leading marketing directors of […]
As baby boomers increasingly choose to stay in their homes rather than downsizing or relocating, they are unwittingly becoming a driving force for the home services industry. This demographic’s decision to age in place is not only redefining real estate trends but also significantly impacting home remodeling, maintenance, and repair services. Smart home services companies […]
In the 2024 Cost vs. Value Report, one project stands out as offering the best return on investment (ROI) in the current market: garage door replacement. This project not only tops the list in terms of ROI but also represents a broader trend in home improvement focused on maximizing curb appeal and cost efficiency. For […]