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Home Improvement, Design, and Decorating
Reply to "Reviews - McCarthy Services Heating and AC "
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[quote=Anonymous]HVAC contractor here; you got ripped off and unfortunately it is all too common. Home Services became in vogue with PE firms just before the pandemic. There was a point when I was getting multiple calls a day from people looking to buy my business. Interest rates cooled the market down, but I still get offers a few times a month. Like everything else PE touches it’s all about maximizing growth so they can exit to the next group of vultures at a higher valuation. Service Techs are turned into salesmen; they get paid to sell not to fix. Salespeople for replacement systems are trained to be as high pressure as possible. I have real concerns that the next financial crisis is going to come from these unsustainable business practices causing companies to go belly up. Opening these kinds of investments to 401k plans is a disaster waiting to happen. [/quote]
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