The Roofing PE Trend Compared to HVAC’s Past Few Years #ServiceTitan

22 Oct 2026 · 1 min

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In a brief conversation, Speaker A asks about the future of private equity activity in the roofing sector. Speaker B predicts that the roofing market will mirror the consolidation pattern seen in the HVAC industry, with the emergence of platform teams and ongoing acquisitions. He emphasizes the magnitude of the market—a roughly $50 billion total addressable market served by about 100,000 U.S. roofers—underscoring the scale of potential PE interest and the likely intensity of consolidation in the coming years.

I would love to know what you think the roofing PE market is going to look like across the industry in the next few years in terms of acquisition.
I do think it'll follow the similar trajectory that we saw in the HVAC industry. I think you will see additional platform teams emerge, and I think you'll see continued acquisitions, which is great. And I think everyone goes, oh, that's gonna be crazy, it's gonna consolidate. Like, I think we have to remember this is a $50 billion TON, and you have 100,000 roofers in the United States, which is a staggering number.