NORWALK, Conn. — That low-rumbling, earth-quivering noise, with its epicenter in this southern Connecticut community, has a familiar sound. The hvac trade has been hearing a similar noise for the past four years but it’s gone by a different name — consolidation.
This New England noise has a different rumble to it. While Wall Street consolidators ring up over $3 billion in annual revenues, this one company boasts a $2.2 billion global business — not bad for a company that went bankrupt a mere five years ago.