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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: 0.206s | 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. potato3732842 ◴[14 Oct 24 00:06 UTC] No.41832884[source]▶
There's been a running joke about it since the R12 days.

The joke is usually some play on government being in bed with the chemical industry lobbyists and banning things as soon as the 3rd world starts being able to make them cheaply.