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 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
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59% from firms under $50M revenue
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29% from firms with $50M–$150M revenue
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12% from firms over $150M revenue
BASE SALARY
Firms < $50M Revenue
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Median: $331,600
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Range: $200,000 – $600,000
Firms $50M–$150M Revenue
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Median: $312,100
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Range: $100,000 – $500,000
Firms > $150M Revenue
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Median: $352,800
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Range: $225,000 – $560,000
BONUS
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57% of CEOs at firms <$50M receive a bonus of 50% or less
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62% at firms $50M–$150M receive a bonus of 50% or less
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57% at firms >$150M receive a bonus of 50% or less
EQUITY
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69% of CEOs at firms <$50M hold equity
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82% at firms $50M–$150M hold equity
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71% at firms >$150M hold equity
KEY TAKEAWAYS
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Median salaries are highest in the >$150M band at $352,800, with top earners hitting $600,000.
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Equity participation is strongest in the $50M–$150M bracket (82%), but high across the board.
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Bonus eligibility is steady—57–62% of CEOs across all bands receive 50% or less.
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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.
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