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.
Watsco’s Q2 sales dipped 4%, but reported record margins thanks to A2L price hikes. Volume was lower, though, due to mild weather, weak construction, and A2L rollout woes.
“This acquisition strengthens our ability to deliver complete lifecycle solutions for residential and commercial customers and reinforces our position as a one-stop partner for the HVAC industry."
As cases of Legionnaires’ disease rise, HVACR contractors and building managers play a critical role in preventing outbreaks — through proper maintenance, water management, and adherence to established standards.
GE Appliances plans to expand its U.S.-made air-conditioning and water-heating portfolio, increase output across all product lines, and further modernize its 11 U.S. manufacturing plants with new automation and capital equipment.
Smart thermostats aren’t new, but contractors are finally putting their full potential to work — diagnosing problems remotely, halting unnecessary truck rolls, and turning the technology into opportunities for recurring revenue.