Bosch has officially completed its largest acquisition in company history, finalizing the $8 billion purchase of Johnson Controls’ residential and light commercial HVAC business and the Johnson Controls-Hitachi Air Conditioning joint venture.
This investment represents a significant development in the sheet metal fabrication sector, as private equity continues to show interest in sheet metal shops that serve critical infrastructure needs.
The strategic move unites two industry leaders, strengthening their market position and enhancing service offerings for contractors, technicians, and trade professionals across the Midwest, a press release said.
Mission critical air filter manufacturer Rensa Filtration acquires Air Filtration Co., Inc., expanding its North American presence with new facilities in California and Iowa.
With interest rates coming down, less political uncertainty, and trillions in capital on the sidelines, M&A activity should pick up this year, according to one expert.