Microf LLC, a provider of residential lease-to-own products for the HVAC industry, raised $96.7 million in growth capital. The combined debt and equity raise is funded through a new $40 million committed senior debt facility provided by Atalaya Capital Management with an additional $40 million accordion feature; a new $10 million senior debt facility provided by Microf’s existing lender, BrandBank; and $6.67 million in equity provided by current equity investors.
The global district cooling (DC) market was valued at $11.19 billion in 2015 and is expected to expand at a compound annual growth rate (CAGR) of 5.1 percent to reach $17.33 billion in 2024, according to a new Transparency Market Research report titled District Cooling Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024.
Angie Snow affirms that no matter what challenges arise, it’s important to remain flexible. This flexibility helped Western survive the Great Recession, which hit right after the Snows purchased the company.
Rising demand from Asia-Pacific to drive evolution
December 23, 2016
The overall value of the global HVAC equipment market was at $91.3 billion in 2013, according to a report by Transparency Market Research. Rising at a positive compound annual growth rate (CAGR) of 6.2 percent between 2014 and 2022, the market is anticipated to reach $155.1 billion by the end of the forecast period.
Emerson today announced leadership changes that the company said are designed to support its continued focus on developing innovative solutions to deliver comfort in the residential and commercial HVAC markets.
Residential momentum continues, commercial is stable
July 11, 2016
The U.S. residential HVAC market is forecast to see significant growth due to lower unemployment and gas prices, coupled with higher consumer confidence and pent-up demand. The commercial HVAC market is expected to see more steady growth.
The latest report from HARDI shows that average sales for HARDI distributor members increased by 8.2 percent in December 2015, but annualized growth for all of 2015 registered a bit lower at 5.7 percent. This compares to the 6.1 percent gain in 2014, the second consecutive year of slower growth since a 7.3 percent increase was reported in 2013.
Sales of HVAC equipment were somewhat flat in 2015, according to AHRI, which reported year-to-date combined U.S. shipments of central air conditioners and air-source heat pumps decreased by 0.6 percent, and shipments of gas warm air furnaces increased 2.9 percent.
Stars are aligning for the residential HVAC market, while the commercial market is seeing a steady recovery
August 10, 2015
The global HVAC equipment market is positioned for another year of above-average growth, with the fundamentals in place for the United States that are the best in over 10 years, according to a report from Chisult Insight Co. Ltd.
In this issue of The NEWS, we focus on the Internet of Things and its effect on the HVAC industry, examining its impact on the skilled trades labor shortage, on cybersecurity, and on the popularity of self-healing buildings.