For decades, family-owned HVACR companies have had succession plans established by birthright. But much has changed and many businesses don’t have succession plans.

For many HVAC owners, it’s never too late to sell a business. But selling a business is a process. The sale can wrap up quickly or require the original owner to work for the new owners for an extended period.

Johnson Supply is a Houston-based HVACR wholesaler that will mark its 70^th anniversary this year, and president and COO Richard Cook has been with the company for more than half that time.

After last year’s virtual Human Resources Forum, The Unified Group hosted a face-to-face meeting in Texas in 2022.

Homeowners should be proactive and schedule regular maintenance check-ups, which can be made easier with service agreements.

While many HVAC companies are prepared for booming growth and expansion these days, others within the industry may be in a better position to consider market consolidation instead.

While growth may be the case for a number of HVAC businesses, it’s not necessarily the future of every one. In fact, some of them are best positioned for market consolidation.

In the latest episode of The NEWSMakers podcast, Kyle Gargaro, editorial director for The ACHR NEWS, talks to Brandon Bolen, vice president of service contractors at Live Oak Bank.

What happens when a leader, ranging from an HVAC contractor to the President of the United States, gets sick?

Ten years ago, Skip Snyder taught me about the importance of succession plans for those in business leadership.