Lennox ready to offer IPO to pay debt, buy dealerships
DALLAS — After a century as a privately held manufacturer of heating-cooling equipment, Lennox International, Inc. will go public. However, even after the initial public offering, the company’s destiny still will be overwhelmingly controlled by Norris family members.
On April 6, the company filed with the Securities and Exchange Commission (SEC) to offer com-
pany stock on the New York Stock Exchange. The company recorded $1.82 billion in sales last year.