Newsline

Carrier Acquires HVAC Distributor

July 23, 2007
/ Print / Reprints /
ShareMore
/ Text Size+

FARMINGTON, Conn. - Carrier Corp. has signed a letter of intent to acquire E.B. Ward & Co./Valair, a long-standing Carrier distributor of residential, light commercial, and commercial products. The purchase price is not being disclosed.

“The acquisition of E.B. Ward and Valair will strengthen our rapidly expanding sales and distribution network in California,” said Geraud Darnis, president of Carrier Corp. “This will enable Carrier to serve our customers directly in this large and strategically important market.”

Halsey Cook, president of Carrier’s North America Residential and Light Commercial Systems division, noted that, “E.B. Ward’s unmatched sales and customer service capabilities, combined with the strength of our brands, products, and services, have helped Carrier build a large and loyal customer base in this region. Combining E.B. Ward’s capabilities with Carrier’s distribution expertise and scale will enable us to get closer to our customers and solidify our historical leadership position. We are excited to welcome its employees into the Carrier family.”

E.B. Ward and Valair, with 140 employees and combined sales of approximately $150 million, serve Carrier customers in Northern California and parts of Nevada. The transaction is expected to close within 45 days, pending completion of final documentation.

Publication date: 07/23/2007

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

ACHRNEWS

NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con