CEO Salary Report - HVAC Services

CEO Salary Report - HVAC Services

March 18, 2024

At A Glance

Raw Selection has conducted a salary survey of Chief Executive Officers at Private Equity-backed HVAC services companies across the USA.

CEO SALARY REPORT

 

CEO COMPENSATION IN PE-BACKED HVAC SERVICES FIRMS

We gathered insights from 56 CEOs working in Private Equity-backed HVAC services companies. The report breaks down compensation based on company revenue levels.


RESPONDENT BREAKDOWN

  • 59% from firms under $50M revenue

  • 29% from firms with $50M–$150M revenue

  • 12% from firms over $150M revenue


BASE SALARY

Firms < $50M Revenue

  • Median: $331,600

  • Range: $200,000 – $600,000

Firms $50M–$150M Revenue

  • Median: $312,100

  • Range: $100,000 – $500,000

Firms > $150M Revenue

  • Median: $352,800

  • Range: $225,000 – $560,000


BONUS

  • 57% of CEOs at firms <$50M receive a bonus of 50% or less

  • 62% at firms $50M–$150M receive a bonus of 50% or less

  • 57% at firms >$150M receive a bonus of 50% or less


EQUITY

  • 69% of CEOs at firms <$50M hold equity

  • 82% at firms $50M–$150M hold equity

  • 71% at firms >$150M hold equity


KEY TAKEAWAYS

  • Median salaries are highest in the >$150M band at $352,800, with top earners hitting $600,000.

  • Equity participation is strongest in the $50M–$150M bracket (82%), but high across the board.

  • Bonus eligibility is steady—57–62% of CEOs across all bands receive 50% or less.

  • CEOs in smaller firms (<$50M) can still earn premium comp, with a median of $331,600 and 69% holding equity.


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.

Get in Touch

Raw Selection favors a meticulous approach to talent research. Our process for selecting the right talent means we can boast a 100% success rate for all our retained and engaged C-Suite clients, with 96% of placed candidates still in their roles after 12 months.

If you are looking for new talent, contact us now.

Get in Touch