Lennox rolls up 17 more dealerships

May 9, 2000
/ Print / Reprints /
/ Text Size+
DALLAS — Lennox International announced that it has acquired 17 hvac dealerships since late October 1999, representing about $94 million in sales. The manufacturer paid about $57 million and shares of common stock.

This brings the total rollup of dealers to 97, representing approximately $445 million since the strategy began in 1998.

The News estimates that the Lennox retail acquisition program will put its residential-light commercial sales volumes at over $1 billion once its acquisition of Service Experts is completed within the next few weeks. This would make it the largest player in this sector.

A number of other acquisitions are being negotiated, said Bob Schjerven, president of Lennox.

“With the pending acquisition of Service Experts, we are slowing the pace of acquisitions somewhat, but we intend to continue our plans for growth in the retail sector,” he said.

Lennox has more than 1,500 associate dealer agreements, and about 6,000 acquired, associate, and independent dealers.

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: Mark Satterfield

Mark Satterfield, founder and CEO of Gentle Rain Marketing Inc. and author of “The One Week Marketing Plan” talks about his book and the importance of HVAC blogging. Posted on Sept. 19.

More Podcasts


NEWS 09-15-14 cover

2014 September 15

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con