When you see local HVAC companies bought out by conglomerates backed by private equity funding, do you see the buyers’ names on the trucks? Just like PepsiCo in the Siete story, private equity firms buy out HVAC companies with a well-established brand identity. I personally know someone who sold his company to private equity. Avoiding a Race to the BottomA common concern about private equity buyouts is that they can encourage a race to the bottom. I asked him for his top piece of advice for HVAC business owners considering a private equity sale but hoping to avoid a race to the bottom.