Daikin Applied Americas announced it is acquiring a minority ownership stake in Riptide IO, a Santa Barbara, California-based software company that focuses on helping building owners connect, manage, and automate building equipment by bringing the benefit of the Internet of Things (IoT) to commercial buildings.
Kele supplies over 108,000 peripheral control products
November 19, 2015
Antares Capital and American Capital arranged for $170 million in financing to support the acquisition of Kele Inc. by Snow Phipps Group LLC. Kele is a distributor of peripheral control products used in building automation systems. Snow Phipps is a private equity firm focused on middle-market control investments.
Phoenix Energy Technologies monitors and controls energy usage at an enterprise level
November 5, 2015
Duke Energy, one of the nation’s largest electric utilities, has acquired a majority share of Phoenix Energy Technologies (PhoenixET), a provider of energy management systems and services for commercial customers. The terms of the deal were not disclosed.
DI now enters the metal building insulation market
November 2, 2015
Distribution International Inc. (DI), a leading distributor and fabricator in the mechanical insulation market, announced it has acquired Selle Supply Co. and sister company PBI Supply Inc., full-line distributors of insulation products and related construction materials, specializing in the lamination of fiberglass insulation for metal buildings.
First acquisition for company in the Southeast region
September 28, 2015
MORSCO, a distributor of commercial and residential plumbing, HVAC, and pipe, valves and fittings (PVF), has acquired substantially all of the assets of Murray Supply Co., a plumbing supply company based in North Carolina, which will continue to operate as Murray Supply Co., a MORSCO Company.
Kenneth D. Goodrich, managing partner of US Peach LLC, an HVAC and plumbing service provider, recently announced the acquisition of The Honest Plumber, Heating & Air, a Las Vegas-based air conditioning, heating, and plumbing company, and Walton’s Air Conditioning, based in Corona, California.
Acquisition establishes Aggreko in the North American temporary heating market
September 21, 2015
Aggreko, a global provider of modular, mobile power and related solutions, has entered into an agreement to acquire substantially all of the assets of the equipment rental business of ICS Group Inc., a provider of portable climate control services in Canada.