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America's new millionaire class: Plumbers and HVAC entrepreneurs

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185 points hhs | 1 comments | 13 Oct 24 15:35 UTC | HN request time: 0.202s | 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. ashleyn ◴[14 Oct 24 13:33 UTC] No.41837392[source]▶
You're not supposed to need to charge it in the first place. Once it's leaking like that, the system generally needs to be replaced, due to some microscopic leak springing somewhere in the welds.