While I suspect that selling a home can be quite arduous, selling a business must be much more challenging. The entire process can take up to three years if the owner is not prepared, according to Bill Pulte, CEO, Pulte Capital Partners LLC.
The two will continue to operate under their existing structure
May 29, 2017
Bacharach Inc. announced the completion of the acquisition of Parasense Inc. The combined resources of Bacharach and Parasense will significantly strengthen the company’s ability to provide the best solutions to the worldwide HVACR market with fixed and portable gas detection instrumentation and performance monitoring offerings.
He brings over 30 years of leadership experience in the HVAC industry
May 16, 2017
Samsung sends a fond farewell to Sang W. Lee, former president and chief executive officer of Samsung HVAC and promotes Russell Tavolacci to senior vice president and chief operating officer. Lee’s dedication over the years has ensured a smooth transition for all parties involved in Samsung’s acquisition of Quietside LLC.
American Residential Services (ARS), a Memphis, Tennessee-based, privately-held national provider of air conditioning, heating, and plumbing services, has acquired the assets of HVAC of Lexington (dba Comfort Heating & Air). For over 19 years, this location has operated as a family-owned business in the greater Lexington area.
Expanding product offerings and geographical footprint
April 19, 2017
Permira announced that a company backed by the Permira funds has signed a definitive agreement to acquire DiversiTech from an affiliate of The Jordan Co. LP. As part of the transaction, the senior management team led by Jim Prescott, president and CEO, will remain significant owners of the company.
Provides HVAC wholesalers and contractors with additional products
March 31, 2017
DiversiTech® Corp. announced that it has purchased Rapid Positioning Clips Ltd. (RPC). The acquisition, completed on March 22, provides HVACR distributors and contractors with another useful product line they can use to grow their businesses and simplify their work.
Branches become part of Source 1 HVAC Supply Network
March 16, 2017
Johnson Controls has acquired M&A Supply Co. Inc.’s five successful York® branches in the southeast markets of South Carolina, Georgia, and Florida. The branches will become part of the Source 1™ HVAC Supply network.