X Squared

We Buy and Build Great Companies.

We buy HVAC, plumbing, and electrical companies.

What we buy

Two doors. Pick the one that fits.

Trades companies
HVAC, plumbing, and electrical — and related construction trades when the fit is right. Owner-operated shops we can buy and run.
Land and buildings
Land we can develop and buildings that already exist. We care about cash flow from day one, in markets we know.

What we look for

People. A well-run shop. Work that matters.

People
  • Operators
  • Teams
We look for owners and teams who care how work gets done.
Well-run shop
  • Clear model
  • Solid ops
The business has to make sense on paper and in the field.
Work that matters
  • HVAC
  • Plumbing
  • Electrical
Trades America still needs. That’s the lane.

We help great companies grow. The standard stays.

Next step

If you’re thinking about selling, just say so.

Tell us about your company or a property. We’ll read it and get back to you.