The Heating, Air-conditioning & Refrigeration Distributors International (HARDI) convened on Orlando for its 2015 annual conference in December. The event welcomed the most distribution companies since 2007.
You’ve taken a lot of risks and worked very hard to get to where you are today — make sure your relationship with your supplier is working for you. I’ve seen many companies that have gone from the red to the black simply by making sure they were fully leveraging their relationship with their suppliers, or by changing suppliers for a much better value proposition.
Contractors should meet with their supplier and tell them about their changing expectations and what will be needed so they both can succeed. You must clearly communicate what you feel is necessary to succeed in today’s fast-moving marketplace.
WinWholesale Inc., a leading supplier of residential and commercial construction and industrial supplies and materials including HVAC and refrigeration, announced Jack Johnston has been named chief executive officer of the company.
Looks for companies that integrate seamlessly with its core businesses, described as “bolt-on” acquisitions
August 7, 2015
Ferguson, a major plumbing and HVACR distributor, announced that it continued its expansion with the acquisition of 13 companies in fiscal year 2015. The acquisitions were coast-to-coast encompassing multiple business types including HVAC and plumbing distributors, waterworks, and more.
Additional $90 Million Cash Investment Builds on Successful Partnership
July 14, 2014
Watsco Inc. announced that it has acquired an additional 10 percent ownership interest in Carrier Enterprise LLC, a joint venture with Carrier Corp. The transaction raises Watsco’s ownership stake to 80 percent. The additional $90 million investment in the business was paid in cash.
ABCO HVACR Supply + Solutions has announced that it is opening a new branch in Lakewood, New Jersey, to complement the service of its current branches in Totowa and Kenilworth. The new 20,000-square-foot facility, located at 1941 Rutgers University Blvd. in Lakewood, will be open for business this summer.