ATLANTA — Rheem has acquired Friedrich Air Conditioning from Monomoy Capital Partners.
“Growth by acquisition is part of our ongoing strategy,” said Chris Peel, president and CEO at Rheem. “The addition of Friedrich to the Rheem family of brands will complement our existing business lines, increase our commercial and residential air conditioning offerings, and expand our presence in the hospitality and multi-family segments of our market.”
“Rheem’s innovation, commitment to quality, and dedication to sustainability align perfectly with Friedrich,” said Chuck Campbell CEO at Friedrich. “Additionally, Rheem’s history of investing in and strongly supporting its business units gives us great promise for our future together.”