PLUMBING, HEATING &
HVAC CONTRACTORS
YOU KEEP MAKING PEOPLE COMFORTABLE. WE’LL HELP YOU BUILD A STRONGER BUSINESS.
Our Experience
For over 80 years, Gray, Gray & Gray has been working alongside plumbing, heating, and HVAC contractors, establishing ourselves as the industry’s trusted accounting, consulting, and business advisory partner. From residential service companies to commercial mechanical contractors, our professionals deliver The Power of More® to help you meet the unique challenges you face every day: seasonal cash flow fluctuations, labor shortages, equipment financing, warranty management, and the constant pressure to maintain competitive pricing while delivering quality service.
We have developed specialized tools and resources tailored specifically for the trades, including contractor profitability analysis systems, job costing frameworks, service department optimization models, and strategic growth planning methodologies. Our professionals regularly speak at industry conferences and contribute insights to trade publications, keeping us connected to the evolving needs of plumbing, heating and HVAC businesses nationwide.
Our commitment to contractor clients runs deep. We work with businesses at every stage, from startups establishing their first service routes to multi-generation family businesses planning succession strategies. Whether you operate a service company with a handful of trucks or manage multiple locations with commercial and residential divisions, we provide the financial expertise and strategic guidance to help you thrive.
More Than Numbers – Good Business Advice
As HVAC business consultants, we help contractors navigate the complexities of their businesses. From managing inventory and warranty reserves to optimizing service agreements and maintenance contracts, we deliver the timely information and analysis you need to make smart decisions. We understand how equipment costs, labor rates, material pricing, and overhead expenses impact your bottom line. Our comprehensive tax, audit, and accounting services establish a solid foundation that supports sustainable growth.
Plus, you’ll enjoy the advantage of working with advisors who truly understand your business, and access to the experience and expertise that successful plumbing, heating, and HVAC contractors rely on for growth and profitability.
Our Services for Plumbing, Heating & HVAC Companies
We offer a full scope of management support and advisory services, along with all the traditional financial, accounting, and tax services your business needs to succeed. Among our specialized services for plumbing, heating and HVAC contractors are:
- Contractor Benchmarking – Compare your financial performance against industry standards to identify opportunities for improvement
- M&A Services – Full buy-side and sell-side support, including valuation, due diligence, tax planning, and marketing
- Job Costing Analysis – Track profitability by job type, customer segment, and service line to optimize pricing and resource allocation
- Service Agreement Management – Analyze and structure recurring revenue programs for predictable cash flow
- Business Planning – Develop strategic plans tailored to your growth objectives and market opportunities
- Valuations – Professional business valuations for succession planning, acquisitions, or partnership transitions
- Equipment Financing Support – Structure financing arrangements and provide documentation for truck and equipment purchases
- Succession Planning – Generational transitional support, including strategic tax planning to help ensure a smooth exit from the working world into retirement
Consulting & Management Advisory
- Job profitability and financial benchmarking
- Accounting software expertise, including Sage Intacct for real-time visibility into financial and operational metrics
- Merger and acquisition support
- Business valuations
- Bank financing support and loan compliance assistance
- Succession planning and ownership transition strategies
- Cash flow forecasting and working capital management
- Business formation and structure planning
- Wealth management services for business owners
- Service department optimization
- Inventory management and purchasing strategies
- Warranty reserve analysis
- Pricing strategy development
Tax & Assurance
- Federal and multi-state tax planning and preparation
- Monitor and apply changes in tax laws and accounting standards
- Tax deferral strategies and entity structure optimization
- Section 179 deductions and equipment depreciation planning
- Construction and service industry tax incentives
- IRS examination assistance
- Capital gains strategies for business sales
- Complex tax projections for multi-location operations
- Individual business owner tax preparation
- Audits, reviews, and compilations of financial statements
- Internal control reviews and recommendations
- Employee benefit plan audits
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A Commitment to the Industry
In addition to our work with individual contractors, we actively support industry associations and participate in initiatives that strengthen the plumbing, heating, and HVAC trades. Gray, Gray & Gray is a member of the Plumbing-Heating-Cooling Contractors Association (PHCC) and numerous regional contractor associations.
Lead Contacts
We have an experienced team of professionals dedicated to serving clients in the plumbing, heating & HVAC sector.
