Contractor becomes One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing, and Mister Sparky
May 12, 2016
Meacham Heating, Cooling & Energy Solutions announced it is joining forces with three national home services brands, One Hour Heating & Air Conditioning®, Benjamin Franklin Plumbing®, and Mister Sparky®.
Acquisition includes ClimateMaster, IEC, ClimateCraft, and ClimaCool
May 12, 2016
NIBE Industrier AB of Sweden and LSB Industries Inc., Oklahoma City, announced that they have entered into a stock purchase agreement by which NIBE will acquire 100 percent of the outstanding shares of The Climate Control Group Inc. from LSB for a purchase price of $364 million.
The acquisition marks HB McClure’s 11th since 2010
May 11, 2016
HB McClure Co., a central Pennsylvania commercial and residential mechanical contractor, has announced the acquisition of Mainhart Mechanical LLC, Dillsburg, Pennsylvania, which specializes in residential plumbing, heating, and air conditioning repair, installation, and construction services.
The average price for a gallon of gas in 2012 was $3.68, per the U.S. Energy Information Administration (EIA). Prices averaged $2.43 in 2015 and are expected to maintain similar or lower prices throughout 2016 and into 2017.
Agency notes unapproved refrigerant poses risk of fire or explosion
May 5, 2016
The U.S. Environmental Protection Agency (EPA) is cautioning homeowners, HVAC contractors, and service technicians of the safety hazards related to recharging existing home air conditioning systems with a propane-based refrigerant.
The market for HVAC equipment is highly mature and is expected to exhibit modest growth
May 2, 2016
The global HVAC equipment market is expected to expand at a compound annual growth rate (CAGR) of 5.6 percent from 2015 to 2022, exceeding $125 billion by 2022, according to a new market report published by Credence Research Inc.