MARS Co. and Heat Controller have joined in a partnership. What does it mean for each company and the industry?
HAUPPAUGE, N.Y. - MARS, a commercial and residential HVACR motors and components supplier, acquired Heat Controller Inc., a commercial and residential HVAC equipment supplier.
According to Edward Chernoff, president and CEO of MARS, the acquisition represents the company’s commitment to anticipate the needs of the marketplace and proactively invest in creating additional value for the customer.
“This acquisition is a merger of equals. Two reputable companies are aligning in order to better serve HVACR customers, suppliers, and contractors,” he said. “MARS knows motors and components. Heat Controller knows equipment. The partnership is a natural fit.”
In addition, Chernoff reported that the acquisition also makes sense from a cultural and philosophical perspective. He explained that the companies share similar brand attributes and core values.
“The dedication of our people, our unwavering commitment to service, and the quality of our products have made MARS the company it is today,” he explained. “Heat Controller shares this same dedication and commitment to quality people, products, and service. They have built their success on the same foundation as ours – great employees and earned customer loyalty.”
Although the two business divisions will operate independently under the MARS Co. entity, Chernoff said the acquisition lends itself to unlimited opportunities for future collaboration and growth.
“Both companies have a rich history of success, as well as extensive HVACR industry expertise,” he said. “We look forward to utilizing this combined knowledge and expertise to deliver additional value to our customers.”
Don Peck, CEO of Heat Controller, agrees.
“These are exciting times for Heat Controller, and we believe the merger into the MARS family will be a perfect fit going forward,” said Peck. “Heat Controller will continue to operate from Jackson, Michigan, and Guelph, Ontario, with the same dedicated employees and management. Our goal is to make this transition transparent to our customers and to continue to serve our customers with this new alliance as we have in the past.”
MARS Acquires Heat Controller Inc.
June 6, 2013