Private equity has discovered home services. HVAC, plumbing, electrical, and related trades have become one of the most active sectors for PE-backed roll-up strategies over the past five years — and for good reason. These are recession-resilient, recurring revenue businesses with fragmented ownership and meaningful margin improvement potential. The challenge is that the same operational complexity that makes these businesses attractive acquisition targets also makes them difficult to scale without the right infrastructure. And the most common bottleneck is not operations. It is revenue. The Multi-Location Revenue Problem A single-location HVAC company can run on a phone, a dispatcher, and a good reputation. The owner knows the customers, handles escalations personally, and ensures nothing falls through the cracks through sheer presence. Add four more locations through acquisition and that model collapses. Now you have five dispatchers with different processes, five phone systems wit