ACHRNEWS

Jan. 30, 2013: ONICON Acquired by Harbour Group

January 30, 2013
CLEARWATER, Fla. — 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. These include Btu meters and turbine, electromagnetic, ultrasonic, thermal mass, and vortex flow meters for use in hydronic heating/cooling systems as well as water, steam, gas, and compressed air applications. The company provides custom solutions calibrated to specific customer applications. ONICON is based in Clearwater, Fla.

Feldman said, “This is a wonderful opportunity for our valuable customers, exceptional sales rep network, and outstanding employees. I am extremely confident that partnering with Harbour Group and benefitting from their global resources will enable us to fortify our leading position in the HVAC market and enhance our position in additional markets.”

“ONICON’s proprietary technology enables building controls contractors, controls design engineers, and building owners and operators to address key concerns about energy cost and environmental impact by maximizing the efficiency of their HVAC systems,” said Jeff Fox, Harbour Group’s chairman and chief executive officer. “We are very impressed with the company’s innovative products and the outstanding service it provides to its customers. We look forward to working with the ONICON team and will be supporting their organic and acquisition-related growth efforts with all of Harbour Group’s resources.”

Harbour Group is a privately owned operating company based in St. Louis. Harbour Group and its companies are engaged in manufacturing, distribution, and specialty services in multiple industries. Since its founding in 1976, Harbour Group has acquired 172 companies in 37 different industries.

Publication date: 1/28/2013