Purchase price represents a premium of approximately 38 percent to Nortek’s closing price on July 5
July 7, 2016
Nortek Inc., a global diversified company whose offerings include heating and cooling products, ventilation products, and more, announced that it has signed an agreement and plan of merger with Melrose Industries PLC, a UK listed public company, to be acquired by Melrose for $86 per share in cash.
Acquisition complements Robertshaw’s gas products business
June 29, 2016
Robertshaw, a manufacturer of controls for applications including air conditioning, heating, and commercial refrigeration, announced that it has acquired Burner Systems International (BSI), a provider of complete gas train systems and engineered burner solutions.
Will enable company to provide an end-to-end supply and reclamation service to its customers
June 6, 2016
A-Gas International, through its A-Gas Americas business, has completed the acquisition of Rapid Recovery. Headquartered in Phoenix, Rapid Recovery operates across the U.S. from 40 branch locations providing a full suite of on-site recovery and cylinder services to the refrigeration and HVAC sectors.
HVAC giant Daikin is ramping up its offering to customers, as it prepares to integrate its purchase of Italian refrigeration group Zanotti for €98 million. The €1.85 billion firm is looking to offer customers an integrated approach which it believes rivals cannot match.
Will enable UTC to expand its presence in the heating segment in Europe
June 3, 2016
United Technologies Holdings Italy S.r.l. has completed the acquisition of approximately 70 percent of Riello Group S.p.A., a leading provider of heating products and services. The Riello family will continue to own the balance of the shares of the Italian-based company, which now becomes part of UTC Climate, Controls & Security.
Sales and service divisions of AHI-Carrier, a joint venture, join UTC
June 2, 2016
United Technologies has acquired the commercial HVAC product sales and commercial service divisions of AHI-Carrier (Australia) Pty Ltd, a UTC joint venture in Australia. The newly acquired organization will conduct business as Carrier Australia Pty Ltd.
With this acquisition, ARS expands its presence in Atlanta
May 25, 2016
American Residential Services (ARS), a national provider of air conditioning, heating, and plumbing services, announced it has acquired the assets of Allgood Plumbing, Electric, Heating & Cooling in Snellville, Georgia.