DALLAS — Welcome to the new world of Lennox International, whose innovative approach to buying up its own dealers and becoming a retailer of its hvac brands to the residential-light commercial sector has broken yet another traditional hvac industry mold.
With last week’s bold $157 million buyout of Service Experts, the company threw a giant boulder into the water. The resulting ripples will fan out to affect its distribution, in-house dealers, customers, and even the half-dozen hvac equipment manufacturers it competes with and will buy equipment from.