New warehouse will stock inventory from 10,000+ product list, provide shorter lead times
August 28, 2015
Packard Inc., a Georgia-based HVACR master distributor, announced it will open a 42,000-square-foot Midwest distribution center in Indianapolis on Sept. 1.
Goodrich and team restructure Sonoran Air, saving 124 jobs
August 28, 2015
Kenneth Goodrich, CEO of US Peach LLC, a provider of HVAC and plumbing services under multiple brands, has announced the turnaround and sale of one of its portfolio companies, Phoenix-based Sonoran Air, to Mauro Calderon.
Increasing residential and commercial projects worldwide are expected to drive market demand
August 28, 2015
The global electric water heaters market is forecast to reach $29.32 billion by 2022, according to a new study by Grand View Research Inc. Global market demand is expected to reach 117.5 million units by 2022, growing at a compound annual growth rate (CAGR) of 6.9 percent over the forecast period.
Award-winning buildings must maintain IAQ diligence
August 27, 2015
The National Air Filtration Association (NAFA) has announced the recipients of its Clean Air Awards for 2015. The awards are presented each year to building owners and managers that take steps to significantly improve IAQ by increasing the level or efficiency of their HVAC air filtration system in 10 specific categories.
Conditioned Air Corp. of Naples Inc. announced it has successfully completed a recapitalization as it prepares to expand in the southwest Florida region. The company has taken on partners with an equity position via private equity firm, Gemini Investors, based in Boston.
After closing, it will then acquire 100 percent of the business
August 27, 2015
Mitsubishi Electric Corp. has entered into an agreement to purchase from De’Longhi Industrial S.A. shares representing approximately 74.97 percent of the share capital of DeLclima S.p.A., an Italian company in the commercial air conditioning products business.