Lennox buys 21 dealerships with revenues of $187 million
DALLAS — Lennox International Inc. announced that Lennox Retail Inc., the retail arm of its wholly owned subsidiary, Lennox Industries Inc., has acquired 21 hvac dealerships since Lennox International made its initial public offering on July 29.
Total consideration for these companies consisted of approximately $91 million (U.S.) in cash and stock. Total annualized revenues for the 21 acquired companies are approximately $187 million.