FYI: Dec. 24, 2018
For your information news briefs from a wide variety of categories within the HVAC industry. Price increases, mergers and acquisitions, award winners, and more are highlighted here each week.
Direct Energy LLC (Houston) acquired T.A. Kaiser Heating & Air Inc. (Indianapolis).
Custom Air Products and Services Inc. (Houston) named Jamie Overaitis project manager.
LG Electronics (Alpharetta, Georgia) is expanding its partnership with Baker Distributing Co. LLC (Jacksonville, Florida) by offering its lineup of residential and light commercial HVAC solutions to more than 200 locations coast to coast.
Geo-Flo Products Corp. (Bedford, Indiana) celebrated its 30th anniversary.
Franklin Controls Systems (Hillsboro, Oregon), a subsidiary of Franklin Electric Co. Inc. (Fort Wayne, Indiana), won an R&D 100 award for its development of the Q-Link Variable Frequency Drive.
Carel Industries S.p.A (Brugine, Padova, Italy) acquired Hygromatik GmbH (Henstedt-Ulzburg, Germany).
Uponor North America (Apple Valley, Minnesota) received the Tekne Award from the Minnesota High Tech Association, recognizing the company for introducing water management into the IoT.
Thomas Industrial Sales Ltd. (Fredericton, New Brunswick, Canada) will represent Adey Innovation Ltd. (Pittsburgh) in Atlantic Canada, including New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland.
ServiceTitan (Glendale, California) announced $165 million in Series D funding at a $1.65 billion post-money valuation.
Autodesk Inc. (San Rafael, California) signed a definitive agreement to acquire PlanGrid Inc. (San Francisco) for $875 million net of cash.
Publication date: 12/24/2018