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“Elasto Proxy is more than doubling the size of its Toronto-area location,” said John Rye, branch manager for Newmarket. “This will allow us to increase our stocking levels and keep more customer products on-hand while remaining close to major transportation corridors.”

“Partnering with GPS Education Partners will help accelerate HVACR careers among the young student population by providing a future workforce to help fill our talent pipeline and a pipeline for our business partners,” said Andrew Larson, chairman and CEO, Gustave A. Larson Co.

“Acquiring Axis is in keeping with our strategic intent and complements our growth in the area of industrial plant floor automation,” said Randy Breaux, president, Motion Industries.

As U.S. consumers are becoming more eco-conscious, the mini-split market is growing The on-campus working stations, which include units from Cooper&Hunter’s modern “Sophia Mini-Split Single Zone Series,” will give students hands-on learning opportunities with mini-split technology that is becoming increasingly popular in the U.S.

Today, HVACR distributors rely on enterprise resource planning (ERP) software to handle nearly every level of their operations. Vendor data, turns, dead stock, cycle counts, sales margins, and much more can be accessed directly from a computer or, in some cases, a mobile device.

“By supporting Gus and the Young's Motorsports team during the 2019 NASCAR Truck Series, LG and Baker are forging a new path together on the race track,” said Kevin McNamara, senior vice president and general manager, air conditioning technologies, LG Electronics USA.

“While economic headwinds should create some softness in 2019, strength in the labor market and a cautious Fed are encouraging,” said Paul Hallmann, economist, HARDI.

The new companies include Winsupply of El Paso (Texas), Winsupply of San Antonio (Texas), Winsupply of Frederick (Maryland), and Winsupply of North Canton, Ohio.

The popular projection is that 2019 is poised to be a challenging year for HVACR distributors. So, what does that mean for your business? Are you doomed for failure regardless of how well your company performs in 2019?

When multiple cognitive biases reinforce one another within a group, irrational beliefs will take over. This, according to Charlie Munger, is the Lollapalooza Effect.