Acquisition will add one of the largest suppliers of HVACR coils and coatings
September 7, 2016
Modine Manufacturing Co., a leading provider of thermal management technology and solutions, announced it has entered into a definitive agreement to acquire Luvata Heat Transfer Solutions (HTS) for approximately $422 million, to be financed through a combination of cash, debt, and $25 million of Modine common stock.
Will include the companies in a newly formed business focused on cargo-based solutions
September 2, 2016
Emerson announced it is extending its presence in cold chain management with the acquisitions of Locus Traxx and PakSense. Emerson said these investments in cargo solutions will allow it to provide consistent and safe control of food and other temperature-sensitive goods.
Convergint Technologies, a service-based systems integrator, has announced the acquisition of TACanada. Convergint said TACanada provides intelligent buildings through the use of open systems that seamlessly integrate mechanical, electrical, lighting, security, card access, and camera systems.
Acquisition expected to help Blueair become a truly global provider
September 1, 2016
Blueair, a manufacturer of air purifying technologies and products for consumers and businesses, announced it has been acquired by Unilever. Blueair founder Bengt Rittri said the acquisition will enable even more people to protect their health by using the company’s air purifiers to remove indoor airborne contaminants.
Expands IFS Mid-Missouri’s commercial refrigeration system sales, installation, and service
August 26, 2016
Integrated Facility Services (IFS), a full-service mechanical contractor with offices in St. Louis and Columbia, Missouri, announced it has acquired Wally’s Refrigeration, Lake of the Ozarks, Missouri.
Transaction is expected to close in the fourth quarter of 2016
August 25, 2016
Xylem Inc., a leading global water technology company, announced that it has signed a definitive agreement to acquire Sensus for approximately $1.7 billion in cash. Sensus is a provider of smart meters, network technologies, and advanced data analytics services for the water, electric, and gas industries.
Acquisition aligns with focus on investing in Emerson’s core business verticals
August 23, 2016
Emerson announced it has signed an agreement to purchase the Valves & Controls business of Pentair for $3.15 billion. Emerson said the complementary acquisition establishes its global presence in control, isolation, pressure relief valves and actuation as part of a larger strategy to build a broader automation portfolio.
Acquisition allows for North American expansion of drying and dehumidification services
August 19, 2016
Power generation and HVAC specialty rental company, Aggreko plc, has acquired Dryco LLC of Chicago for an undisclosed amount. Dryco specializes in moisture control, drying, heating, and cooling applications within the shipping, manufacturing, food processing, construction, and industrial painting industries.
Dectron provides dehumidification, IAQ, and energy recovery solutions primarily for indoor pools
August 12, 2016
Specified Air Solutions, a manufacturer of semi-custom commercial and industrial HVAC equipment, has completed the acquisition of the Dectron pool dehumidification systems business from the Lakdawala family.
Acquisition strengthens company’s presence in northern Virginia
August 4, 2016
American Residential Services (ARS), a privately-held national provider of air conditioning, heating, and plumbing services, announced that it has acquired the assets of Weather Crafters, Chester, Virginia. Located in the Richmond area, it will be rebranded as ARS of Richmond.