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Home Services Industry Update Fall 2025

Read more about M&A activity and trends in this sector

Home Services Industry Update

Business Services M&A KPMG Corporate Finance LLC Fall 2025

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Home Services Overview

KPMG Corporate Finance’s Business Services team works across the entire home services sector – helping clients in varied end-markets benefit from the growing demand and transaction activity within the industry. Key end-markets in which our practice maintains a unique focus includes:

  • Hard Services: providers of HVAC, plumbing, electrical, and other “technical” services
  • Soft Services: providers of less-specialized home services, including cleaning, landscaping, pest control, and similar maintenance related services
  • Exterior Services: services required to maintain the exterior of homes, including roofing, siding, window replacement, and gutter services
  • Security: providers of fire alarm, access control, CCTV systems, locksmith services, etc.
  • Miscellaneous: all other residential services required by homeowners

Public industry players include providers of home services delivered directly or though a network of franchisees, as outlined below
(1) Valuation Multiples represent Enterprise Value to LTM Revenue and LTM EBITDA at 8/31/2025

Sector Perspective: Outlook for Residential Spending on Maintenance and Repair Services

With softening growth anticipated for U.S. existing home sales, maintenance and improvements are expected to continue to experience positive tailwinds as homeowners delay or postpone a new home purchase

U.S. Existing Home Sales Forecast

According to Statista, the existing home sales market in the U.S. is expected to grow by 5.7.2% CAGR between 2024-2026

U.S. Millennial Homeowners Survey (July 2025)

  • 87% of U.S. millennial homeowners have at least one pending repair project, and 84% acknowledged postponing addressing the project
  • The trend highlights embedded future demand, as deferred maintenance can escalate into costly complications and potentially impact a home's resale value
Source: Market statistics sourced from Capital IQ and based on 8/31/2025. Industry data sourced from publicly available information

U.S. Home Remodeling (Maintenance and Improvement) Expenditure

The Joint Center for Housing Studies of Harvard University highlights continued momentum in the U.S. remodeling market. While activity has eased somewhat from its 2022 high, homeowner spending on maintenance and upgrades is expected to total $608 billion in 2025

Dive into our thinking:

Home Services Industry Update

Business Services M&A KPMG Corporate Finance LLC Fall 2025

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Meet our team

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Stephen Guy
Managing Director, Corporate Finance, KPMG US
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Image of Stephen Guy
Stephen Guy
Managing Director, Corporate Finance, KPMG US
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Corporate finance services, including Financing, Debt Advisory, and Valuation Services, are not performed by all KPMG member firms and are not offered by member firms in certain jurisdictions due to legal or regulatory constraints. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. 

The information contained in this communication may not be representative of the experience of other clients and does not constitute a recommendation, offer, or solicitation to buy, sell or hold any security of any issuer. Past performance does not guarantee future results.

©2025 KPMG Corporate Finance LLC, a Delaware limited liability company. Member FINRA/SIPC. KPMG Corporate Finance LLC is a subsidiary of KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. KPMG Corporate Finance LLC is not engaged in the practice of public accountancy. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

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