Oct. 14, 2013: Eemax Acquires Tankless Water Heater Company EcoSmart
Tankless Manufacturer, Eemax, Adds Residential Tankless Water Heater Brand
“Adding to our team of proven experts, this acquisition will further Eemax’s position as the leading solutions provider in water heating,” said Kevin Ruppelt, CEO of Eemax. “It’s an exciting new chapter for both Eemax and EcoSmart as we integrate the two organizations into a high-performing, customer-centric team.”
Going forward, the companies said development efforts will benefit from the two brands’ collaborative efforts, which will strengthen their capabilities in tankless technology. EcoSmart will contribute to Eemax’s growth by expanding its customer base as well as increasing the company’s product portfolio.
“We are thrilled to work with Eemax. By combining resources we can more effectively reach our shared goal of providing our customers with innovative solutions that meet their hot water heating needs while saving money, energy, and space,” said EcoSmart CEO Nick Cardoso.
Led by Ruppelt, Eemax’s facility in Waterbury, Conn., will serve as the company headquarters while EcoSmart business and distribution will continue out of Miami.
Publication date: 10/14/2013