Enertech Global announced that it has acquired the assets and intellectual property of GeoSystems LLC, Maple Grove, Minn., from Research Products Corp., Madison, Wis. GeoSystems is the manufacturer of ECONAR, GeoSource, and HydroHeat geothermal products.
Not even a devastating earthquake and tsunami could keep two of the world’s leading HVACR companies from completing an acquisition this November. That is why The NEWS has chosen Takeshi Ebisu of Daikin Industries Ltd. and Dave Swift of Goodman Global Group Inc. as 2012 NEWSmakers.
The Canada Pension Plan Investment Board (CPPIB) announced it will pay $1.1 billion for the heating and air conditioning business of Tomkins Ltd. Canadian private equity firm Onex and CPPIB acquired Tomkins in 2010. The company has since reduced its debt by selling five non-core businesses.
Enertech Global acquires assets and intellectual property of GeoSystems LLC; Tecumseh Products’ AE2 compressor now available to authorized wholesalers; Wohler USA names manager of business development; Tate receives 2012 Product Innovation award; Danfoss launches DanfossDirect website; ClimateMaster names geothermal business development manager; Supco appoints vice president of sales and marketing.
ClearEdge Power, a manufacturer of fuel cell systems, announced that it has reached an agreement to acquire UTC Power, a unit of United Technologies Corp., which also develops and manufactures fuel cells.
Cleaver-Brooks announced that it has been acquired by Harbour Group, a privately owned operating company based in St. Louis. Terms of the transaction were not disclosed.
Viking Custom Homes introduces Viking Residential Services; Oliver Heating, Cooling, Plumbing, and Electrical announces acquisition; Duncklee Cooling & Heating’s Jonathan Duncklee receives Employer of the Year award.
Mitsubishi Electric Cooling & Heating opens southwest business unit; Venstar forms distribution partnership with Truca Cargo; Multistack acquires rights to produce, support, and sell Dais Analytic’s energy recovery ventilator; Sanuvox Technologies recognizes Johnstone Supply; Lennox Industries opens 100th PartsPlus store; M&G DuraVent announces acquisition.
ONICON Inc. has been acquired by Harbour Group, according to an announcement by Marvin Feldman, president of ONICON. The terms of the transaction were not disclosed. ONICON designs and manufactures engineered energy measurement systems and flow metering devices.
Photos from the 2013 ACCA Conference & IE3 Expo in Orlando, Fla.
Podcasts
Cade Clark, assistant vice president of government affairs for the Air-Conditioning, Heating & Refrigeration Institute (AHRI), gives a brief overview of the new version of the Shaheen-Portman bill, what AHRI thinks of the energy-efficiency legislation, and how it might affect the HVACR industry if it becomes law.
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