Mergers & Acquisitions - News

Darren Finley, Managing Director for Commercial Products at Groupe Atlantic UK & ROI Division, has been appointed as the new Chair of the Industrial and Commercial Heating Equipment Association (ICOM) - a not-for-profit trade association, representing and promoting the interests of the non-domestic heating sector since 1933. Having worked in the heating industry for over 37 years and, as MD for Groupe Atlantic commercial brands Ideal Heating Commercial, Hamworthy Heating and ACV, Darren&rsq...

Marcone, a renowned North American distributor of residential and commercial kitchen appliances, HVAC, plumbing, and pool/spa repair parts and equipment, recently sponsored the annual Guns 'N Hoses fundraising event. Held on November 27 at the Enterprise Center in St. Louis, the event is a fundraiser for Backstoppers, which supports the families of fallen or injured first responders. Guns 'N Hoses event Marcone is a longtime sponsor of the Guns 'N Hoses fundraising event The annual event rai...

Siemens and Genea recently announced a second collaborative effort to provide security professionals and facility managers with improved security using the cloud. The security solution allows teams to leverage their existing technology, like security cameras, door readers, controllers and more, and manage it all from a modern dashboard, anytime, anywhere. Siemens’ security customers Through Genea’s customizable, cloud-based, open API platform, Siemens’ security customers ca...

Good Energy, the clean power company, will pay customers to automate the flexible use of their heat pumps or batteries through its new cutting-edge platform FlexiRewards. Customers could earn between £5 and £20 a month without needing to take any action – FlexiRewards does the work for them. Building on the success of Power Pause, Good Energy’s implementation of National Grid’s Demand Flexibility Service (DFS), FlexiRewards will take ‘demand side response&rsq...

Del-Air Plumbing, Air Conditioning, and Electric, Florida’s foremost indoor comfort provider, continues its expansion across Florida with the acquisition of Colman Heating & Air. Del-Air serves Volusia and Flagler counties including Daytona, Titusville, Cape Canaveral, Cocoa, New Smyrna, Ormond Beach, and Palm Coast. Colman Heating & Air Since opening in 1980, Colman Heating & Air has been a provider of home comfort along Florida’s Space Coast. Located in Titusvil...

Carrier and its partner, Strategic Thermal Labs (STL), are highlighting a number of products and services tailor-made for data centers at this year’s SC24 conference and exhibition in Atlanta. Carrier is a part of Carrier Global Corporation, a global pioneer in intelligent climate and energy solutions. SC24, or SuperComputing24, is a conference and exhibition that draws over 10,000 attendees, hosted by the International Conference for High-Performance Computing, Networking, Storage and An...

Starting from early November 2024, Marino Tanas has joined CAREL as the new Regional CEO – Western Europe. This appointment highlights the Group's commitment to enhancing customer service and promptly addressing the needs of an ever-evolving European market. New responsibilities Tanas, with extensive experience in leadership and management roles within the industry, will oversee CAREL’s operations in its subsidiaries located in Italy, Spain, France, the United Kingdom, German...

Fieldpiece Instruments, the manufacturer of HVACR tools and test instruments, announced the acquisition of its Australian master distributor, Fieldpiece Australia, based outside of Sydney. The acquisition establishes a direct corporate presence in Australia and a foundation for further expansion in the Asia-Pacific region. Fieldpiece Australia Since 2001, Steve and Vicki Hartelust have owned and operated Fieldpiece Australia and had tremendous success introducing, positioning, and growing the...

Trane Technologies (TT), a global climate innovator, will underscore the critical need for decarbonizing the built environment and transport sectors, advocating and advancing climate policies, and increasing the adoption of electrified heating and cooling and other low-carbon, energy-efficient solutions during COP29 in Baku, Azerbaijan, November 11 – 22, 2024. As a member of the World Economic Forum’s Alliance of CEO Climate Leaders, Trane Technologies joined more than 100 CEOs and...

A Group company of Japanese multinational Mitsubishi Electric, the Bangalore-headquartered Climaveneta Climate Technologies, is investing over INR 400 crore in the state-of-the-art plant at Narsapura, Kolar district, a key industrial hub located around 50 km from Bengaluru. Climaveneta is a pioneering manufacturer of high-efficiency cooling equipment and precision as well as data center cooling systems. Presently having an order booking of over INR 500 Cr, the company is targeting to double the...

Marcone Group (Marcone), one of the renowned North American distributors of appliance, HVAC, plumbing, commercial kitchen and pool and spa parts and equipment, is excited to announce the appointment of Asterios Satrazemis as its new President and Chief Executive Officer (CEO) effective September 30. With a proven track record of driving transformational growth, Satrazemis spearheads Marcone’s next chapter of expansion and customer-centric innovation. Asterios Satrazemis Asterios Satraze...

Malco Tools, Inc., one of the nation’s top manufacturers of high-quality tools for the HVAC and building construction industries, announced that it has been acquired by Aspen Pumps Group. Aspen Pumps Group (Aspen) was founded by three air conditioning engineers in 1992 and now sells to over 100 countries worldwide. The United Kingdom-headquartered company has expanded globally to become an award-winning pioneer in products and solutions for the heating, ventilation, air conditioning,...

Cool Designs Ltd, the independent air conditioning and heat pump distributor, is expanding its technical and customer support team in response to continuing growth across the UK.  Clive Dearlove Clive Dearlove joins as Contracts Manager, with a particular focus on applied projects involving chillers and air source heat pumps. He will manage contracts from the point of order through to delivery, and provide after-sales technical support.  With 30 years of experience in the trade, inc...

Mitsubishi Electric, the manufacturer of the UK’s award-winning Ecodan heat pumps, has published a new white paper revealing that air source heat pumps can be integrated with microbore pipework, commonly found in new homes built from the 1970s and 1980s. This will reduce the retrofit cost of installing a heat pump and make it more attractive for homeowners to move away from fossil fuel-burning boilers. home heating challenges As the UK pushes towards its legally binding net zero target...

BITZER has appointed Ernest West & Beynon Ltd as an authorized Marine Service Partner, with a particular focus on the specialist cooling requirements of the marine and offshore industries. The agreement includes access to BITZER compressors, components, and refrigeration oils, plus Green Point services, including remanufactured compressors and site support. Refrigeration solutions Kevin Glass, Managing Director of BITZER UK, said: "With more than a century of experience in the marine and...

Projective is pleased to announce that Bonheur ASA, the Norway-based industrial investment company listed on the Oslo Stock Exchange, has acquired a controlling stake in the Company. Building on 176 years of experience in, inter alia, renewable energy, shipping, and various maritime activities, Bonheur has developed a strong ecosystem of renewable energy-related companies. Projective is a global technical consulting and engineering firm that specializes in providing tailored solutions to large...

Interplay Learning, the pioneer in immersive career development solutions for the skilled trades, announces a new partnership with The SEER Group, the globally renowned home services enterprise with over 40 partner brands specializing in HVAC, plumbing, and electrical services. Through this collaboration, The SEER Group will implement Interplay Learning’s career development platform to centralize and streamline its training. Partnership with Interplay The SEER Group will deploy Interp...

Supermarkets are a pivotal part of communities worldwide – but they also account for a substantial amount of energy consumption. Danfoss reimagined energy-efficient food retail in its first-ever integrated Danfoss Smart Store and Application Development Center, which opened in 2023 in Nordborg, Denmark. The store features cutting-edge technology and off-the-shelf solutions for reducing energy consumption, food loss, and carbon footprint, exemplifying Danfoss’ journey towards a net-z...

DEJONG, operating as a stand-alone business unit within Rheem® Global Water, has begun construction on a new manufacturing facility in Prešov, Slovakia. The future manufacturing site will have an eventual capacity of one million tanks per year and serve as a strategically located hub to meet the growing demand for hot water tanks across Europe. DEJONG DEJONG is a globally renowned manufacturer of stainless-steel hot water tanks DEJONG is a globally renowned manufacturer of stainle...

Business Development Resources (BDR), the training and business coaching authority for home services industry professionals, announces the return of its Trailblazer Sales Academy, an ongoing sales development program specifically for territory managers and distribution sales teams. Trailblazer Sales Academy helps participants develop sales skills, leadership agility, and a strategic vision for territory growth through four live virtual workshops with additional tools and resources for cont...

Rheem Manufacturing (Rheem) announced the completed acquisition of Nortek Global HVAC (NGH) from Madison Industries. NGH, founded in 1919, is a globally renowned manufacturer of heating and cooling products serving the residential and manufactured housing markets. NGH now part of Rheem’s Global Air Division With this acquisition, Nortek Global HVAC (NGH) is now part of Rheem’s Global Air Division. “Like Rheem, NGH has a people-first culture, a true commitment to its custome...

Swedish heat pump and energy system company - Qvantum has set up yet another subsidiary in Europe. The latest addition is the Lyon-based company - Qvantum Energy Technology SAS. Qvantum continues to expand its operations in Europe. After setting up companies in the UK, Germany, the Netherlands, Poland, and Hungary, the time has now come for France. heating and cooling "France is a very important and interesting market for us," says Jesper Jarnhäll, Head of Commercials at Qvantum, adding...

Blue Point Capital Partners is pleased to announce the recapitalization of Pinnacle MEP Holdings, an HVAC and plumbing services provider with operations throughout the Midwest. community-based trade services Pinnacle provides an array of mechanical and plumbing services primarily to commercial customers, while offering something its corporate competitors cannot, a committed, local presence.  The company brings decades of local market experience and exceptional operational resource...

Danfoss announced that Rogerio Federici will succeed Ricardo Schneider as the new Head of Danfoss Turbocor® Compressors, effective January 1, 2025. Ricardo Schneider, a recognized pioneer in the HVAC industry, will start a transition to retirement after 32 years with Danfoss and 16 years as President of Danfoss Turbocor. Schneider will remain onboard as an Executive Advisor for Danfoss, ensuring a smooth transition for the business. Rogerio Federici Rogerio Federici, currently Head of Sal...

Thermal energy storage experts at the UK-based company, Organic Heat Exchangers, are set to revolutionize global industrial cooling with the launch of EnergiVault® - a trademarked/patented, cold thermal energy storage battery and charger system providing dynamic cooling power for industrial refrigeration. This first-of-its-kind, AI-driven technology has been developed to enhance operational resilience, reduce energy costs, and lower carbon emissions for facilities that use water chillers to...

Concluding its first two years of establishment, the local Working Group of Eurovent members and certified manufacturers active in India has elected new Chairpersons to steer the group’s activities for the next two years. Eurovent India members gathered in Mumbai for its Annual Meeting, which was followed by a technical workshop titled ‘Energy Efficient Indoor Air Quality Solutions’, that welcomed almost 200 professionals from various industries. Energy efficiency in ventilat...

Jobber, the pioneering provider of home service software, announced the launch of Jobber Copilot, an AI-powered assistant that serves as a business coach, data analyst, marketing specialist, and Jobber product expert to help home service pros make better data-driven decisions, improve their strategies, and streamline their operations like never before. "We're developing AI tools to further simplify the daily operations of service professionals, with the long-term goal of having AI handle all ad...

Leap Partners, one of the fastest-growing home service companies with HVAC, plumbing, and electrical businesses across the Southeast, has proudly announced its latest acquisition, of Appalachian Heating, a trusted third-generation business serving West Virginia since 1948. This partnership marks Leap Partners’ entrance into West Virginia, further extending its regional presence. Appalachian Heating brand Appalachian Heating, led by father-and-son duo Dan and Daniel Akers, has built a le...

Women in HVACR (WHVACR), a nonprofit organization dedicated to empowering women in the heating, ventilation, air conditioning and refrigeration trades, will host its 21st annual convention at the Dallas Renaissance Hotel in Dallas, on Oct. 21–23, 2024. The conference, entitled 'Lone Star Leadership: Rising Above the Crowd', will feature keynote addresses by Amanda Brinkman, the Creator, Producer and Host of the Emmy-nominated TV show, 'Small Business Revolution', and award-winning Marketi...

Ventilation maintenance and fire safety specialist - Duct Hygiene Ltd has been acquired by First Compliance Group.  The Wrexham-headquartered business, which also has bases in Birmingham, Liverpool, Preston, Manchester, Leeds, and Middlesbrough, now becomes part of First Compliance Group, a compliance, training and regulatory safety specialist within the ventilation and specialist cleaning sectors. Duct Hygiene’s team The company also provides fire damper inspection, testing, and c...