He brings over 30 years of leadership experience in the HVAC industry
May 16, 2017
Samsung sends a fond farewell to Sang W. Lee, former president and chief executive officer of Samsung HVAC and promotes Russell Tavolacci to senior vice president and chief operating officer. Lee’s dedication over the years has ensured a smooth transition for all parties involved in Samsung’s acquisition of Quietside LLC.
American Residential Services (ARS), a Memphis, Tennessee-based, privately-held national provider of air conditioning, heating, and plumbing services, has acquired the assets of HVAC of Lexington (dba Comfort Heating & Air). For over 19 years, this location has operated as a family-owned business in the greater Lexington area.
Expanding product offerings and geographical footprint
April 19, 2017
Permira announced that a company backed by the Permira funds has signed a definitive agreement to acquire DiversiTech from an affiliate of The Jordan Co. LP. As part of the transaction, the senior management team led by Jim Prescott, president and CEO, will remain significant owners of the company.
Provides HVAC wholesalers and contractors with additional products
March 31, 2017
DiversiTech® Corp. announced that it has purchased Rapid Positioning Clips Ltd. (RPC). The acquisition, completed on March 22, provides HVACR distributors and contractors with another useful product line they can use to grow their businesses and simplify their work.
Branches become part of Source 1 HVAC Supply Network
March 16, 2017
Johnson Controls has acquired M&A Supply Co. Inc.’s five successful York® branches in the southeast markets of South Carolina, Georgia, and Florida. The branches will become part of the Source 1™ HVAC Supply network.
Syntac to continue operations as Shurtape Specialty Coating LLC
March 2, 2017
Shurtape is a fifth-generation, family owned, global business that delivers tape solutions to the packaging, building and construction, DIY, HVAC, industrial, maintenance, repair and operations (MRO), arts and entertainment, and transportation industries. Syntac was established in 2001 and designs high performance industrial adhesive and tape products for automotive, medical, construction, graphic arts, sound control, and product assembly applications.
The facility was formerly known as the Laurus Technical Institute
March 1, 2017
Reliable Heating & Air, a provider of heating, air conditioning, plumbing, electrical, and home performance residential and commercial service acquired an HVACR technical school. The school is located at 9540 Tara Boulevard in Jonesboro, Georgia. The facility was formerly known as the Laurus Technical Institute and is currently undergoing renovation in anticipation of accepting students by summer 2017. This marks the second acquisition by Reliable Heating & Air in the past year.