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Home Services

Overview

Founder-owned home services businesses represent one of the most attractive segments of the lower and middle markets. Driven by non-discretionary demand, fragmented ownership, and strong free cash flow characteristics, the sector has become a primary focus for private equity sponsors, family offices, and strategic acquirers seeking scalable platform investments.


Despite its attractiveness, home services M&A requires nuance. Enterprise value is heavily influenced by revenue mix, labor structure, seasonality, customer acquisition channels, and the extent to which the business can operate independently of the founder. Buyers underwrite risk aggressively, and poorly prepared sellers often leave significant value on the table.


Calibore specializes in guiding founders through this complexity. We help position businesses to highlight durability, normalize earnings credibly, and articulate a compelling growth narrative that resonates with institutional buyers—while preserving legacy, culture, and upside participation.

a man wearing a hat and holding a green object
a man wearing a hat and holding a green object
pink metal equipment
pink metal equipment
Sectors We Serve
  • Roofing (residential & commercial)

  • HVAC, Plumbing & Electrical (MEP)

  • Landscaping & outdoor services

  • Pest control & remediation

  • Restoration, mitigation & specialty trades

  • Garage doors, insulation, solar services

  • Multi-trade platform operators

Advisory Services
  • Sell-side M&A and majority recapitalizations

  • Minority growth equity raises

  • Platform formation and roll-up strategy

  • Valuation optimization and EBITDA normalization

  • Buyer outreach to PE, family offices, and strategics

  • Rollover equity and second-bite structuring

Value Drivers Buyers Focus On
  • Market fragmentation & consolidation runway

  • Recurring, non-discretionary demand

  • Route density and geographic concentration

  • Pricing discipline and margin consistency

  • Professionalized management beyond the founder

  • Scalable systems (CRM, dispatch, pricing, KPIs)

  • Low customer concentration & diversified revenue

  • Ability to support tuck-in acquisitions


2026 EBITDA Multiple Range: 5.5× – 8.5x

Upper end driven by:

  • HVAC, plumbing, electrical, pest, multi-trade platforms

  • Recurring service mix

  • Dense geography

  • Strong management beyond founder


Lower end driven by:

  • Roofing / restoration with storm exposure

  • Project-based revenue

  • Founder dependency


2026 outlook:

Still one of the most active PE roll-up sectors, though buyers are increasingly disciplined on quality of earnings and management depth.

Sectors We Serve
  • Roofing (residential & commercial)

  • HVAC, Plumbing & Electrical (MEP)

  • Landscaping & outdoor services

  • Pest control & remediation

  • Restoration, mitigation & specialty trades

  • Garage doors, insulation, solar services

  • Multi-trade platform operators

Advisory Services
  • Sell-side M&A and majority recapitalizations

  • Minority growth equity raises

  • Platform formation and roll-up strategy

  • Valuation optimization and EBITDA normalization

  • Buyer outreach to PE, family offices, and strategics

  • Rollover equity and second-bite structuring

Value Drivers Buyers Focus On
  • Market fragmentation & consolidation runway

  • Recurring, non-discretionary demand

  • Route density and geographic concentration

  • Pricing discipline and margin consistency

  • Professionalized management beyond the founder

  • Scalable systems (CRM, dispatch, pricing, KPIs)

  • Low customer concentration & diversified revenue

  • Ability to support tuck-in acquisitions


2026 EBITDA Multiple Range: 5.5× – 8.5x

Upper end driven by:

  • HVAC, plumbing, electrical, pest, multi-trade platforms

  • Recurring service mix

  • Dense geography

  • Strong management beyond founder


Lower end driven by:

  • Roofing / restoration with storm exposure

  • Project-based revenue

  • Founder dependency


2026 outlook:

Still one of the most active PE roll-up sectors, though buyers are increasingly disciplined on quality of earnings and management depth.

Why founders engage Calibore:

We help owners tell the story buyers want to hear — not just historical performance, but how the business scales, professionalizes, and compounds under institutional ownership.


Questions & Answers

Questions & Answers

When is the right time to sell a home services business?

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When is the right time to sell a home services business?

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When is the right time to sell a home services business?

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Do private equity buyers acquire roofing and HVAC businesses?

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Do private equity buyers acquire roofing and HVAC businesses?

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Do private equity buyers acquire roofing and HVAC businesses?

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Can I sell a minority stake or retain equity?

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Can I sell a minority stake or retain equity?

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Can I sell a minority stake or retain equity?

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