The first half of 2026 demonstrated that strong M&A headlines do not translate into uniformly higher valuations for B2B blue-collar service companies. While private-equity-backed platforms remain active across HVAC, plumbing, electrical, fire and life safety, and other essential services, buyers are increasingly selective and valuations vary widely. Companies with recurring revenue, skilled and certified workforces, diversified customers, strong financial reporting, and limited owner dependence continue to command the greatest interest and strongest multiples. For owners considering a sale, business readiness—not market timing—is likely to have the greatest impact on value.