HVAC under LOI. Any DD or Transition Advice?

Hello everyone,

Exciting news! I'm currently under LOI for an HVAC company and am beginning the due diligence process. Does anyone have experience on where I should focus during due diligence? Any red flags to watch out for or key metrics that are particularly important?

I'd greatly appreciate hearing about your experiences during the transition phase. What strategies worked well for you, and what lessons did you learn that could help ensure a smooth ownership change?

Thank you in advance

Best regards,
Nick