GM & PRESIDENT COMPENSATION IN PE-BACKED HVAC SERVICES FIRMS

We gathered insights from 73 General Managers and Presidents working in Private Equity-backed HVAC services companies. The report breaks down compensation based on company revenue levels.

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RESPONDENT BREAKDOWN

• 43% from firms under $10M revenue

• 23% from firms with $10M–$30M revenue

• 34% from firms over $30M revenue

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BASE SALARY

Firms < $10M Revenue

• Median: $173,400

• Range: $125,000 – $225,000

Firms $10M–$30M Revenue

• Median: $186,700

• Range: $120,000 – $305,000

Firms > $30M Revenue

• Median: $231,092

• Range: $120,000 – $360,000

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BONUS

• 87% of GMs/Presidents at firms <$10M receive a bonus of 50% or less

• 77% at firms $10M–$30M receive a bonus of 50% or less

• 64% at firms >$30M receive a bonus of 50% or less

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EQUITY

• 18% of GMs/Presidents at firms <$10M hold equity

• 42% at firms $10M–$30M hold equity

• 48% at firms >$30M hold equity

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KEY TAKEAWAYS

• Compensation increases with firm size—median salary climbs from $173,400 to $231,092.

• Equity participation remains relatively low across the board but improves with scale, reaching 48% in firms >$30M.

• Bonuses are generally conservative, with the majority of GMs/Presidents across all bands receiving 50% or less.

• Despite lower equity and bonus levels at smaller firms, total comp can still reach $360,000 at the top end.

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GET IN TOUCH

Want to compare your package or looking for a strategic hire?
Contact Mohammed.Vali@Raw-Selection.com
Vice President of Commercial & Residential Services

All the insights in this salary report are provided from our proprietary data.

Raw Selection | De-Risking Executive Search for Private Equity firms across Europe and North America.