Johnson Controls Inc. had a big 2018, with the launch of several new products and the acquisition of Lux Products Corp. For Johnson Controls, the Lux acquisition enhances its commitment to thermostats. The move also enables faster product development cycles, improves customer service capabilities, and supports greater product innovation.
Execution of the transaction will occur on March 1
February 15, 2019
Motion Industries, Inc., a wholly owned subsidiary of Genuine Parts Company, announced today that it has entered into a definitive agreement to acquire Axis New England and Axis New York, an automation and robotics company based in Danvers, Massachusetts. Execution of the transaction will occur on March 1, subject to the satisfaction of customary closing conditions.
This is Smart Care’s third acquisition of a service company in the last 12 months
February 14, 2019
Smart Care Equipment Solutions announced the acquisition of Mid-South Maintenance, a provider of commercial kitchen equipment repair and maintenance services to the commercial food service industry. Located in Goodlettsville, Tennessee, Mid-South also provides HVAC repair, as well as plumbing, electrical, and facility maintenance in the greater Nashville area.
KKC will focus on restarting the business once the production is ready to start in Thailand
February 14, 2019
Kulthorn Kirby Public Company Limited announced the purchase of the assets and equipment of Bristol Compressors Intl. LLC, as well as the "Bristol" brand name, intellectual properties, know-how, products, and technologies.
With acquisition, R.S. Andrews expands into South Carolina and coastal Georgia
February 12, 2019
R.S. Andrews, a full-service plumbing, HVAC, and electrical company established in 1968 in the Atlanta area, announced its acquisition of local Bluffton HVAC business Covert Aire™. Covert Aire is a family-run business founded and operated by Mike and Theresa Covert in 2007.
Company changes name, completes three major acquisitions
February 8, 2019
Neighborly® celebrated another milestone year in 2018. Last June, the company announced The Riverside Co.’s sale of Neighborly to private equity partner Harvest Partners LP. Neighborly also completed two acquisitions: Real Property Management and Mosquito Joe. This brings the total number of service brands under the Neighborly umbrella to 20.
Company has expanded to over $100 million of annual revenue
February 5, 2019
Private equity firm Huron Capital announced that its HVAC installation, retrofit, and repair services platform — Pueblo Mechanical & Controls — has acquired two additional businesses, Newgaard Mechanical Inc. and CFM Mechanical LLC. Following the December 2018 acquisition of Commercial Air, these transactions represent the second and third add-on acquisitions completed by Pueblo.
Reducing the total cost of operating commercial refrigeration systems
January 30, 2019
Hussmann Services Corp., a Panasonic company, announced the acquisition of certain assets of Exxeno LLC, which will provide cloud-based Software-as-a-Service (SaaS) monitoring and analysis solutions to reduce the total cost of operating commercial refrigeration systems.
On Demand Business acquisitions in the HVAC and Plumbing Contractor industries have been on the rise in recent years. This webinar, presented by SF&P Advisors, will give you a complete understanding of the selling and buying process—every step, from initial interest, to arriving at a valuation, all the way to signing the contracts.