The HVAC industry is often influenced by the economy and how well the new construction and service and replacement markets are doing. However, there is another growing sector within the industry: the HVAC rental market.
Market categorized into three major end-user segments: industrial, commercial, and residential
April 25, 2016
The global HVAC rental equipment market is predicted to reach $4.63 billion by 2020, growing at a compound annual growth rate (CAGR) of about 8 percent, according to the latest market study released by Technavio.
Acquisition establishes Aggreko in the North American temporary heating market
September 21, 2015
Aggreko, a global provider of modular, mobile power and related solutions, has entered into an agreement to acquire substantially all of the assets of the equipment rental business of ICS Group Inc., a provider of portable climate control services in Canada.
Purchase gives company about 14,000 new home services customers in Massachusetts and New Hampshire
July 10, 2015
Direct Energy®, one of North America’s leading energy, commercial retail energy, and energy-related services providers, announced it has entered into an agreement to acquire all the assets of an appliance rental company based in the northeast United States for $4.5 million.
Barcode Technology Records Where an Item Is, Who Has It, and When It Is Due Back
October 15, 2014
Dynamic Systems Inc. has announced the addition of a rental option to its Checkmate tool and equipment tracking software offering. Based on barcode technology, CheckMate records where the item is, who has it, and when it is due back.
Reliance Sells and Rents HVAC Equipment, National Home Services Will Complement Its Portfolio
June 18, 2014
Reliance Comfort Limited Partnership (Reliance Home Comfort) has entered into an agreement to purchase the shares of National Energy Corp. (which operates under the name National Home Services) for $505 million from Just Energy Group Inc.
Warehouse Will Provide Wide Selection of Rental Equipment, Larger Scale Rental Equipment Choices
April 28, 2014
Lifting Gear Hire (LGH) announced that its Houston warehouse has been relocated to a new facility. The company said the new warehouse, located at 305 Deerwood Glen Drive, Deer Park, Texas, will help LGH provide faster equipment rental turnaround times for customers in and around the Houston area.