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

Acquisitive HVAC firm Swegon has added air handling unit specialist P. Lemmens’ to its portfolio. The firm’s largest product area is compact air handling units with built-in controls. The product range also includes fans, air curtains, and products for heat recovery.

With strengthening economic conditions, access to inexpensive financing, and the leading players’ never-ending desire to grow, it is no surprise to anyone serving the HVAC industry that big-ticket acquisitions continue to hit the newswire with regular frequency. 

Recurrent Building Intelligence LLC has announced the acquisition of ProTek HVAC, a full-service commercial HVAC and refrigeration contractor serving the Washington, District of Columbia-area, with expertise in Class A commercial properties, retail, multifamily, and BSL laboratories.

The Sterling Group, a middle market private equity firm based in Houston, announced that its affiliated investment fund, Sterling Group Partners III L.P., has completed the acquisition of Roberts-Gordon LLC.

WaterFurnace Renewable Energy Inc. and NIBE Industrier AB of Sweden announced that they have entered into an agreement whereby NIBE will acquire 100 percent of the outstanding shares of WaterFurnace by way of a plan of arrangement under the Canada Business Corporations Act.

Swegon AB, a provider of commercial and residential indoor climate solutions, has acquired Vibro-Acoustics®, a leading provider of noise and vibration control solutions in North America. 

Reliance Comfort Limited Partnership (Reliance Home Comfort) has entered into an agreement to purchase the shares of National Energy Corp. (which operates under the name National Home Services) for $505 million from Just Energy Group Inc.

Knauf Insulation and Guardian Industries announced that a definitive acquisition agreement has been signed for Knauf Insulation to acquire Guardian Insulation. The transaction includes Guardian Fiberglass, a leading supplier of insulation products for the construction market, and Guardian Laminated Building Products.

General Tools & Instruments has been acquired by High Road Capital Partners, a private equity firm based in New York City. General Tools’ CEO and senior management team remain at the company’s helm.