The No. 1 trait needed to complete the purchase of another business might just be patience. Here is an inside look at how HVAC owners have successfully approached the acquisition process — from the initial conversation to after the sale finally closes.
The two will share a network of more than 1,000 distributors and 4,000 locations
January 25, 2017
One Equity Partners, a middle market private equity firm, announced that it has signed a definitive agreement for the acquisition of Anvil Intl., a North American manufacturer of high quality pipe fittings and system components, from Mueller Water Products.
M&M will invest in Snappy’s manufacturing capabilities, expertise, and infrastructure
January 2, 2017
MiTek Industries Inc. (MiTek), a diversified, global business supplying a wide range of engineered products, proprietary business management and design software, and automated equipment sold into the broad construction and industrial end markets, announced that its subsidiary, M&M Manufacturing, has acquired Snappy™ Company.
Goettl Air Conditioning recently merged with Las Vegas Air and Paradise Air, adding more than 20 employees and 15 trucks. Las Vegas Air primarily serves residential customers while Paradise Air services the multi-family and rental home market.
MISTRAS announced the acquisition of Condenser & Chiller Services Inc. (CCS). CCS is a nondestructive testing (NDT) inspection and complete heat exchanger service provider for commercial and industrial cooling and air conditioning applications. CCS subsidiary, California Finned Tube Company (Cal-Fin), a manufacturer and vendor of heat exchanger tubes, was included as part of the acquisition.
This will provide customers with another way to meet their sustainability goals
December 20, 2016
UTC Climate, Controls & Security has announced that its India affiliate has entered into an agreement with Wipro Limited, a global information technology, consulting, and business process services company, to acquire EcoEnergy, Wipro’s energy services business division. EcoEnergy, based in Bengaluru, India, is a provider of energy management services for commercial customers in North America, Europe, and Asia.
Next step in AAF’s expansion in the global air filter market
November 24, 2016
AAF Europe has acquired Dinair Group AB, one of Sweden’s largest manufacturers and suppliers of air filters. Dinair, established in 1982, emphasizes balanced filtration solutions and has a history of developing its own products.
Acquisition is consistent with its plans for additional investment in complementary HVAC products and companies
November 18, 2016
The Sterling Group, a middle market private equity firm, has completed the acquisition of PoolPak International LLC. PoolPak is a leading manufacturer of dehumidification systems for large athletic pools, natatoriums in schools and universities, commercial pools and hotel/motel leisure pools.
Airtron is a leading provider of HVAC, building automation, and energy efficiency services
November 16, 2016
GDI Integrated Facility Services Inc. announced that it and its wholly-owned subsidiary Ainsworth Inc. have entered into an agreement to acquire Direct Energy Business Services Limited, doing business as Airtron Canada, a subsidiary of Direct Energy Marketing Limited.