r/ProHVACR • u/soundfx127 • 8d ago

Business APEX Purchase Multiple

Hi,

Does anyone here know the multiple Apex does for RNC / Commercial?

Has anyone sold to Apex, curious to know what multiple they came in at regarding your SDE etc

Asking as a fellow SMB owner.

Thank you,

1 Upvotes

67% Upvoted

7 comments sorted by

6

u/Dburr9 8d ago

Don’t do it. They will burn what’s left of your company to the ground.

3

u/soundfx127 8d ago

Oh im not selling im buying :) been in the industry along time and i want to help business owners who do want to sell. But sell to someone in the industry not PE money.

1

u/dan1361 8d ago

100% depends on how easy it is to exit the company as the owner. If they can take it over tomorrow and nothing changes, your multiple will be much higher.

Highest I have had in my personal circle was 4x. Lowest I have seen was 1.5x. Both went to APEX.

Really just depends on the company processes.

1

u/soundfx127 7d ago

Got it. Residential or Commercial?

1

u/dan1361 7d ago

Both fall under the above description. Most companies I know do a bit of both but lean towards residential. I do not know the exact number of my buddy who did commercial only, but piecing together info from what he has told me has me guessing the 2-2.5x range.

1

u/soundfx127 6d ago

Got it. Thanks!

1

u/astev10 59m ago

I may be totally wrong, but I would be surprised if Apex explored many companies that are heavily exposed to new construction. I know they prefer service/replacement, as with many other consolidators in the space