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America's new millionaire class: Plumbers and HVAC entrepreneurs

(www.wsj.com)
185 points hhs | 1 comments | 13 Oct 24 15:35 UTC | HN request time: 0.264s | source
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hoofhearted ◴[13 Oct 24 17:30 UTC] No.41829823[source]▶
My theory behind the big private equity play behind buying up all the HVAC companies is that some smart people on wall street realized that R22 refrigerant was banned, and basically any system using R22 that was installed before 2010 will have to be replaced in the coming years because you can’t find the refrigerant needed to charge your system.
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1. Ekaros ◴[13 Oct 24 17:41 UTC] No.41829903[source]▶
My view is that someone just went over list of industries and asked can we afford to get regional monopoly here. That is do we yet have enough money to buy out enough of certain regional markets to extract enough value to make it worthwhile. Value of jobs don't even need to have anything big coming up see vetinary clinics.