Articles Tagged with ''acquisitions in the HVAC Industry''

Despite concerns over China’s slowing economy, especially in manufacturing, Industrials and Chemicals, as a whole, had a strong showing, according to the report.

Canadian home and commercial services company Enercare Inc., Toronto, is reported to have entered into an agreement to acquire Service Experts, a U.S. provider of HVAC services based in Plano, Texas. The purchase price is said to be $340.75 million.

Canadian home and commercial services company Enercare Inc., Toronto, is reported to have entered into an agreement to acquire Service Experts, a U.S. provider of HVAC services based in Plano, Texas. The purchase price is said to be $340.75 million.

Mitsubishi Electric Corp., following the acquisition of approximately 74.97 percent of the shares of DeLclima S.p.A. from De’Longhi Industrial S.A. on Dec. 23, 2015, launched a mandatory tender offer to acquire the remaining shares. Consequently, Mitsubishi Electric has completed its acquisition of all the remaining shares.

Audax Private Equity announced that it has partnered with management to acquire Source Refrigeration & HVAC Inc. from Arsenal Capital Partners. Source, headquartered in Anaheim, California, is a leading independent provider of commercial refrigeration and HVAC services in North America.

Powerhouse Equipment and Engineering Co. Inc. announced it has acquired boiler service company, Corn Service Inc. (CSI), of Gastonia, North Carolina. Powerhouse said this acquisition will allow it to better service its rental boiler customers in the Mid-South, Southeast, and Gulf Coast regions of the U.S.

Daikin Industries Ltd., through its subsidiary American Air Filter Co. Inc., has announced the acquisition of U.S. air filter manufacturer Flanders Holdings LLC, Washington, North Carolina. The acquisition price is $430 million.

Comfort Systems USA Inc., a leading provider of commercial, industrial, and institutional HVAC services, announced it has acquired the ShoffnerKalthoff family of companies, which includes ShoffnerKalthoff Mechanical Electrical Service Inc., Shoffner Mechanical Services Inc., and SKMES Inc., headquartered in Knoxville, Tennessee.

Fuji Electric Co. Ltd. announced that its European subsidiary, Fuji Electric Europe GmbH, has completed an agreement to acquire 70 percent of the shares of N2telligence, a German fuel cell company headquartered in Wismar, Germany.