PE Pivots to Meet New Consumer Demands: Private BriefingJune 3, 2020 – Media Mention
Greenberg Glusker corporate partner, Andrew Apfelberg, was interviewed by The Deal for his insights on how private equity has been adapting to the changing economy in light of the pandemic and its various effects, for the article, "PE Pivots to Meet New Consumer Demands: Private Briefing," published on June 3, 2020.
Consolidation, for instance, is on on the horizon in home services such as HVAC, insulation, plumbing, heating and solar, said Greenberg Glusker Fields Claman & Machtinger LLP partner Andrew Apfelberg, who works with private equity firms.
"Private equity has been interested in this space for quite some time," Apfelberg said. "Contrary to expectations, demand for these services only dropped for a very short period when the stay at home orders first came out. Soon thereafter, though, technicians following new sanitary guidelines were welcomed into homes and additional products, like filtration and UV light, were highly sought after. While many people would not have friends over, they were still eager to have their air conditioning serviced or upgraded.”
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