Mergers & Acquisitions - News
Imperial Capital Group Ltd. is pleased to announce the launch of Frontier Service Partners (Frontier), the nation’s newest residential services company, founded on the philosophy of putting people first, delivering on promises and creating lifetime clients. “We see tremendous opportunity to deploy our Back/Buy/Build investment strategy, within the residential HVAC, plumbing, and electrical services industry, and we are excited to build a world-class, multi-regional company,” s...
Independence Day may mark the celebration of America’s birthday, but it’s also a time to celebrate and support businesses who are helping the domestic economy thrive by investing in U.S. based operations, manufacturing, and increasing job opportunities. Rinnai America Corporation, a subsidiary of Rinnai Corporation based in Japan, is among those businesses, becoming the first major tankless water heater brand to have a U.S. manufacturing facility with advanced automation and precisi...
Powerblanket is pleased to accept 2021 Best of State Award for the best electric/power product in the manufacturing category. Best of State Award The Best of State Award was issued after an exhaustive nomination process. According to the award website, more than 100 judges reviewed the nominations. There are ten main categories, with dozens of subcategories businesses across Utah applied to be nominated for. Each nomination is scored for points, followed by an audit of that score by an indepe...
In 1970, some American doctors noticed an outbreak of hypersensitivity pneumonia among employees working in offices with air conditioners. The symptoms were, by analogy, similar to the ones induced by the Hong Kong flu, a disease that between 1968 and 1969 caused more than one million of deaths in the United States and it is now known as the “Sick building syndrome (SBS)." “Clear Clima®” conditioning systems The research determines that conditioning systems with...
E.ON announces a £4 million investment into the Citigen project in London, one of the UK’s largest low-carbon heating and cooling solutions. The new £4 million low-carbon heating and cooling system will further improve upon the energy network already serving the City of London district – from the Guildhall to the Barbican. Clean, cost-effective energy E.ON has already been providing clean, cost-effective energy to thousands of Londoners Via Citigen, an underground p...
The images and news from the flooded areas in southwest Germany are disturbing. More than 150 dead, countless injured, and thousands of people have completely lost their homes and possessions. That is the negative balance of last week's flood disaster. Visible damage But currently that the immense extent of the damage is becoming more and more visible, there are also positive aspects. A huge willingness to show solidarity with the victims of the flood is palpable, and the unprecedented will t...
As of June 2021, Plymovent joined the European Welding Association. The European Welding Association (EWA) is an industrial association of manufacturers of welding equipment and consumables as well as National associations from the welding industry from across Europe. Objectives of the EWA are amongst others to represent the interest of its industry in dealings with the governments of the EU countries, the Commission of the EU, other foreign countries and with trade organizations, and...
Winsupply Inc., one of the largest distributors in the nation, has completed the purchase of Simon’s Supply Co., Inc. Terms of the purchase of substantially all the assets of the company were not disclosed. Simon’s Supply is one of the oldest and most established plumbing and heating distributors in Southeastern Massachusetts and adjacent Rhode Island. The company serves customers from five locations in Fall River, New Bedford, Plymouth, West Yarmouth, Massachusetts, and Pawtucket,...
The family-owned company Viessmann has purchased 1,700 hectares of land in the north of Finland. Three quarters of the area is covered with trees, the remaining 28 percent consists largely of moorland. The seller is a fund. This was announced by the company. Commenting on the investment, Prof. Dr. Markus Pfuhl, Chief Representative of the company, said, "We are thus expanding our sustainability strategy by not only planting a tree for every kilometre walked worldwide as part of our ViMove physi...
Aggreko, the provider of mobile modular power, temperature control, and energy services, has partnered with R&A to deliver a renewable power solution at the 149th Open Championship at Royal St George's Golf Club in Sandwich, England. The hybrid system will reduce carbon emissions by up to 40% compared to the previously used fossil-fuelled systems and is a major step in Aggreko’s Net Zero journey, aiming to help clients deliver more sustainable events worldwide. renewable microgrids...
Tank heating systems are often critical to most industrial applications, particularly with temperature control maintenance. For example, caustic tanks provide critical feedstock to refineries, chemical plants, and processes. Biodiesel feedstocks such as vegetable oils, animal fats, palm oils or even jatropha will solidify at relatively normal ambient temperatures, requiring process temperature maintenance to ensure product quality. Keeping this product warm is vital to keep processes running ef...
Microbusinesses have a vital role in the United Kingdom (UK) economy and the energy retail market, accounting for 96% of all UK businesses (5.7 million), 33% of UK employment and a significant proportion of energy expenditure (£3.4 billion in 2020). They are usually enterprises employing up to 10 people. When buying energy, most microbusinesses rely entirely on electricity as a source of power and 62% think of energy as a significant cost to their business. Almost all use a broker to get...
Uponor’s Board of Directors has appointed Michael Rauterkus as the President and Chief Executive Officer (CEO) of Uponor Group and the Chairman of the Executive Committee. He will join the company and assume the CEO responsibility effective from August 21, 2021. Michael Rauterkus has long experience, wide knowledge and good networks from the industry, as his most recent operative role was being the Chief Executive Officer (CEO) of Grohe AG, a German sanitary technology manufacturer. Vast...
As of August 1st, 2021, Maria Fernanda Souto will join Danfoss to head the new Group Strategy Function. Together with a new, incoming strategy team, she will assist the leadership team in developing and tracking the strategy of Danfoss. Maria comes from a position as Group Vice President Head of Strategy in Kongsberg Gruppen in Norway and 11 years as associate partner in McKinsey & Company. Increased global focus on energy efficiency and electrification as part of the green transition...
DENSO, a renowned global mobility supplier, announced it invested in Seurat Technologies, participating in the metal additive manufacturer’s Series B funding round. The investment will help speed the development and commercialization of Seurat’s patented additive manufacturing technology and is DENSO’s latest move to bolster its digital transformation. Area Printing™ technology Seurat’s Area Printing™ technology allows manufacturers to print metal parts at...
The Climate Change Committee has published new advice to the Government – the Independent Assessment of UK Climate Risk. The report assesses more than 60 risks and opportunities from climate change in the UK. climate assessment People, nature, and infrastructure are already vulnerable to a range of climate impacts The assessment finds that action to improve the nation’s resilience is failing to keep pace with the impacts of a warming planet and increasing climate risks facing...
ABB has joined forces with Swiss utility Axpo to develop modular green hydrogen production plants in Italy, that aim at creating an optimum operating model to produce affordable, green hydrogen. The two companies will apply their complementary skills to achieve their joint vision of more affordable green hydrogen, with ABB harnessing its automation, electrification, and digital leadership in industrial operations and Axpo’s experience as an established energy provider. Green Hydrogen...
U.S. shipments of central air conditioners and air-source heat pumps totaled 925,031 units in March 2021, up 8.6 percent from 851,939 units shipped in March 2020. U.S. shipments of air conditioners increased 5.4 percent, to 576,646 units, up from 546,992 units shipped in March 2020. U.S. shipments of air-source heat pumps increased 14.2 percent, to 348,385 units, up from 304,947 units shipped in March 2020. Year-to-date combined shipments of central air conditioners and air-source heat pumps in...
DENSO, a globally renowned mobility supplier, hosted a business briefing to share its semiconductor strategy and how the company is achieving its Long-term Policy 2030. During the briefing, DENSO leaders discussed how semiconductors help lay the foundation in pursuing the company’s Two Great Causes: ‘Green’, achieving carbon neutrality by 2035 and ‘Peace of Mind’, creating a safe and seamless world for all. Semiconductors crucial in the automotive industry &ldquo...
Ofgem, the energy regulator, has set out final proposals to help millions of micro business customers get a better energy deal. Energy brokers help busy micro businesses to compare the market and find a better deal on their energy. But Ofgem found a minority of brokers engage in poor practices with opaque fees for brokerage services. In one case, 50% of the total contract cost (around £24,000) comprised broker commission fees that the consumer was not made aware of pre-contract. Su...
Plymovent is very happy to announce that their Canadian colleagues of the Industrial Products division have moved into a new office building in May 2021. The new office provides plenty of space for their offices, a large warehouse. Larger office area John Mora, General Manager for Industrial Products NA, said: “Our new facility offers us the opportunity to serve our loyal customers better and work with our valued business partners.” Larger warehouse will allow us to stock more i...
The nationwide lockdown since November 2020, made necessary by the high infection figures of the second and third corona waves, is still accompanied by considerable restrictions. This makes it all the more important to safeguard the indispensable work in public institutions and, in particular, teaching in schools. the new air purification unit To make a decisive contribution to the solution, Viessmann has developed Vitovent 200-P, a new air purification unit. These are unique hybrid ventilatio...
American Residential Services (ARS), the nation’s largest provider of residential heating, ventilation, air conditioning (HVAC), and plumbing services, has announced the appointment of Scott Boose as the new Chief Executive Officer (CEO). Scott Boose, a Senior Executive with significant experience in the HVAC, plumbing, and home services industries, succeeds David Slott, who earlier served as CEO of ARS, and who will remain in a Senior Advisory role and assist Mr. Boose and the Senior Man...
Why is it important to test the sump pump? Despite its clunky name, the sump pump is arguably the most important piece of plumbing equipment for the basement. Why? Because it transfers water (usually from heavy rainfall or rising groundwater) away from the home. A sump pump prevents extensive and expensive damage to the foundation of the home and the possessions. Knowing if the sump pump is ready to go for the spring and summer months is key to preventing hefty repair costs. At the very least,...
ABB has begun a pilot project with Equinor in Norway, at the Gina Krog platform in the North Sea. The project enables a digital transformation of monitoring of critical electrical systems on the platform, accelerating Equinor’s condition monitoring capabilities with a focus on improving safety, reducing operational costs, and increasing production efficiency. Adopting a collaborative maintenance model enables Equinor to start the journey from today’s planned maintenance program tow...
EDF Renewables is planning to develop a 49.9 MW solar farm in Glassthorpe between the villages of Flore and Upper Heyford, along the M1 Corridor, which will be capable of generating enough low-carbon electricity for the domestic needs of 9,562 households annually. A number of ecological and feasibility surveys have been carried out and the company is consulting with local people at an early stage about the proposal to get their views ahead of submitting a planning application later this year.&n...
From 25 May to 8 June, Danfoss Drives will be hosting four business-relevant Factory Efficiency Days, in order to provide primarily European participants with valuable and innovative ideas on how to elevate energy efficiency in their factories. Renowned, expert industry speakers have been invited to cover everything from energy policies to energy management, distribution, and consumption and to take attendees through some of the technical trends that shape the society in 2021. Overall factory...
RLS Logistics, a third-generation provider of cold chain solutions, through its affiliate RLS Partners, announced their new warehouse partner, RLS Complete, is set to open Q1 of 2022 in Sturbridge, Massachusetts, USA. Ti Cold will be leading the facility construction. The facility will provide frozen and refrigerated food distributors, processors, and importers in the Springfield, Massachusetts, and Boston, Massachusetts region with public cold storage warehouse capacity relief and access to RL...
Atlas Copco has acquired the operating assets of MidState Air Compressor and will be a part of Quincy Compressor LLC. The company is a distributor of compressors and provider of service that covers Connecticut, Rhode Island, and Massachusetts in the United States. Part of Quincy Compressor LLC They offer a wide portfolio of air compressors, dryers, and related HVAC services for domestic and commercial applications The company has about 15 employees and is based in Berlin, Connecticut, USA. Th...
The Air Conditioning, Heating, and Refrigeration Institute (AHRI) has announced that the organization joined two of its sister industry associations – the National Electrical Manufacturers Association (NEMA) and the Association of Home Appliance Manufacturers (AHAM), in seeking ‘fairness’ in government assistance and policy, with respect to the shortage of semiconductors. AHRI joins NEMA and AHAM In a letter to Commerce Secretary, Gina Raimondo, the heads of the three organiz...
