Acquisitions in the hvac industry - Articles - Page 71

Emerson to Sell Network Power, Leroy-Somer, and Control Techniques

August 5, 2016

Emerson announced an agreement to sell Network Power to Platinum Equity and a group of co-investors. The transaction is valued at $4 billion and Emerson will retain a subordinated interest in Network Power. The sale is expected to close by Dec. 31, 2016, subject to regulatory approvals.

ARS Acquires Weather Crafters

Acquisition strengthens company’s presence in northern Virginia

August 4, 2016

American Residential Services (ARS), a privately-held national provider of air conditioning, heating, and plumbing services, announced that it has acquired the assets of Weather Crafters, Chester, Virginia. Located in the Richmond area, it will be rebranded as ARS of Richmond.

Albireo Merges with Advance Power Control and Energy Systems Technologies

Transactions strengthen Albireo’s Mid-Atlantic presence and expand its range of services

August 2, 2016

Building automation and energy services provider Albireo Energy LLC has announced a merger with Newark, Delaware-based Advance Power Control Inc. (APC) and Energy System Technologies (EST).

DiversiTech Acquires Alltemp Products

Acquisition expands DiversiTech’s established Canadian channel

July 27, 2016

DiversiTech Corp., a leading manufacturer and supplier of HVACR parts and accessories, announced that it has purchased Alltemp Products Co. Ltd., a HVAC parts supplier serving the Canadian market.

B&W Completes Acquisition of Cooling Systems and Services Firm SPIG

SPIG will retain its management team and operate as Babcock & Wilcox SPIG

July 26, 2016

Babcock & Wilcox Enterprises Inc. (B&W) announced it has completed its acquisition of SPIG S.p.A., a global provider of custom-engineered cooling systems and services. The acquisition is based on an enterprise value of €155 million, subject to certain adjustments.

Harris Companies Acquires Quality Mechanical Contractors

With this acquisition, Harris Companies said it enhances its presence in the western U.S.

July 25, 2016

Harris Companies, a leading national mechanical contractor, announced it has purchased Quality Mechanical Contractors based in Las Vegas. Founded in 1971, Quality Mechanical specializes in industrial, commercial, and residential HVAC, plumbing, piping, and sheet metal fabrication.

Harris Companies Acquires Quality Mechanical Contractors

With this acquisition, Harris Companies said it enhances its presence in the western U.S.

July 20, 2016

Harris Companies, a leading national mechanical contractor, announced it has purchased Quality Mechanical Contractors based in Las Vegas. Founded in 1971, Quality Mechanical specializes in industrial, commercial, and residential HVAC, plumbing, piping, and sheet metal fabrication.

Chinese Cooling Expansion Continues as Midea Buys Stake in Clivet

Clivet to become European center of excellence for widened a/c product range for Midea

Andrew Gaved

July 18, 2016

Chinese a/c manufacturer Midea has become the latest to target Europe, by taking an 80 percent stake in Italian firm Clivet. The current shareholders of Clivet, the Bellò family, will retain a 20 percent stake.

Novaerus Acquires Plasma Air International

Brings an HVAC-based, air cleansing technology solution to Novaerus

July 14, 2016

Novaerus has announced the acquisition of Plasma Air International. According to Novaerus, the combined technologies of the companies will allow a comprehensive plasma-based approach to improving IAQ.

Nortek Enters Into Agreement to be Acquired by Melrose Industries

Purchase price represents a premium of approximately 38 percent to Nortek’s closing price on July 5

July 7, 2016

Nortek Inc., a global diversified company whose offerings include heating and cooling products, ventilation products, and more, announced that it has signed an agreement and plan of merger with Melrose Industries PLC, a UK listed public company, to be acquired by Melrose for $86 per share in cash.