Ep. 1862 - How Private Equity Is Ruining HVAC

October 26, 2026

AI Summary

5 min read

A few years ago, an Inside Edition crew in New Jersey disconnected two low-voltage wires on a working air conditioner—a five-minute fix any novice technician should spot. When they called Gold Medal Service, the technician returned with bad news: a nonexistent microscopic leak. His price to fix it: $1,736. Caught on camera, he fled, leaving his tools behind. The story might have ended there as a routine scam exposé, except Gold Medal Service is still in business, still trading on its 1994 founding date, and still backed by a private equity firm called Strikepoint Group Holdings. The episode that follows is not about one bad apple. It is about a systematic restructuring of an entire industry.

The Illusion of Choice

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What you'll learn

1 Timestamped Outline
2 (00:00) **Ad Break** - Modafinil advertisement
3 (00:56) **The HVAC Price Explosion** - Home repair bills, especially HVAC and plumbing, have increased dramatically beyond inflation
4 (02:03) **Inside Edition Sting Operation** - Footage shows an HVAC technician caught trying to scam a reporter
5 (04:36) **The Private Equity Connection** - Gold Medal Service survived the scandal because of private equity backing
6 (06:27) **The Illusion of Choice** - Matt Walsh demonstrates how private equity creates fake competition in the Detroit area
7 (12:32) **Heartland Home Services** - The Jordan Company owns 24 brands across seven states

+ Full timestamped outline available in the app

Show Notes

Private equity is buying up HVAC companies, and repair prices are skyrocketing.

Ep. 1862

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