Mergers & Acquisitions - News
Finalized last July, the acquisition of the distributor Cora by Carrefour enters a new phase with the gradual transition of the 60 stores under their new brand. This integration will be carried out in three waves of brand change: a first of 19 stores, which will begin on October 1; a second of 20 stores from mid-October; and finally, a final wave of 21 stores from the end of October. Codes of the Carrefour group The changeover will take place during a transition period of approximately two...
Johnson Controls, the global pioneer in smart, healthy and sustainable buildings, announced a significant expansion at its Holme heat pump and chiller facility in the region of Aarhus, Denmark. The development will allow the company to produce and test larger, high-capacity commercial and industrial heat pumps to meet growing demand from customers across the globe. The investment is expected to create over 100 new jobs and is scheduled for completion by early 2026. new production and tec...
CAREL, in collaboration with Technoelectric, has provided the retailer Mega Image with the Total-Store system for energy monitoring and optimization across 973 stores in Romania, achieving an overall energy saving of 14%. Total-Store is a solution designed to integrate refrigeration, HVAC, and lighting technologies, allowing remote management of all energy consumption areas, both for new store projects and for retrofitting existing ones. Transition to natural refrigerants Mega Image found To...
The Sauermann Group is pleased to announce a major step in its global development. On September 18th, Sauermann Group was fully acquired by Verder, a global technology major in advanced pumping & scientific solutions. This strategic acquisition marks a significant step forward for Sauermann Group. With Verder’s extensive international network and resources, Sauermann is well-positioned for accelerated growth. advanced technological solutions "We are thrilled to welcome Sauerma...
Kian Capital-backed Team Air Distributing, a renowned wholesale distributor providing OEM-branded HVAC equipment, parts and supplies to residential and commercial contractors, has been awarded new territories in Northern Georgia and the Metro Atlanta area from its OEM partner - American Standard, a division of Trane Technologies. Team Air will open six new branch locations in Northern Georgia and the Metro Atlanta area, beginning with three branches in January 2025 and an additional three branc...
Marcone, a renowned North American distributor of plumbing, appliance, HVAC, commercial kitchen, and pool and spa repair parts, celebrated the opening of its regional distribution center in suburban Dallas earlier this week. Located at 165 N. I-35 East, Ste. 141, the distribution center boasts 200,000 square feet of warehouse space – or roughly the size of four football fields. It is filled with thousands of repair parts for the plumbing, appliance and commercial kitchen industries. Stre...
Malco Tools, one of the nation’s top manufacturers of high-quality tools for the HVAC and building construction industries, is proud to announce its involvement in the inaugural first Nail Ceremony for the upcoming 2025 presidential inauguration this January. The Inaugural First Nail Ceremony takes place every year to commemorate the start of construction of the inaugural platform on which the next president and vice president will be sworn into office. During the ceremony, members of th...
Kian Capital-backed Team Air Distributing (“Team Air”), a renowned wholesale distributor providing OEM-branded HVAC equipment, parts and supplies to residential and commercial contractors, has completed the acquisition of Best Choice Supply (“BCS”), a family-owned HVAC wholesale distributor. BCS was founded in 1988 and has a long track record of providing high-quality service to the Lexington and Somerset, KY regions. The company is committed to providing exceptional ser...
Johnson Controls, the global pioneer in smart, healthy, and sustainable buildings, announced the expansion of production capacity at its plant in Izmir, Türkiye. This three-million-dollar investment enables Johnson Controls to address increased European market demand for commercial heat pumps by improving production efficiencies and offering shorter delivery times for HVAC solutions for commercial customers throughout Europe. HVAC solutions “Heating and cooling are a significant fa...
AtmosZero, the company on a mission to decarbonize steam, announced that former industrial heating, ventilation, and air conditioning (HVAC) executive, Michael Schwartz, has joined its Board of Directors. Michael Schwartz assumes this role as AtmosZero scales manufacturing for its Boiler 2.0 technology globally and continues to expand its reach into new applications and sectors. Prior roles of Schwartz Schwartz served as the President and CEO of DAA, a subsidiary of Daikin Industries, L...
Shadow Industrial, the major supplier of market-renowned commercial infrared heating solutions, announces its strategic partnership with Powrmatic, the global name in HVAC design and complete climate control solutions. The collaboration marks a significant shift in Powrmatic's product offerings, using Shadow Industrial’s acute knowledge of shortwave infrared technology (SWI) to deliver efficient, cost-saving heating solutions to its extensive client base. Cutting-edge heating technologie...
Rheem has announced its intent to acquire Nortek Global HVAC (NGH), a major manufacturer of air conditioning products, from Madison Industries. NGH is based in O’Fallon, Missouri with manufacturing in Saltillo, Mexico, and a distribution center in Poplar Bluff, Missouri, USA. Rheem to acquire Nortek Global HVAC (NGH) “Nortek Global HVAC has a history of delivering market leading innovations going back over 100 years. Like Rheem, NGH has a collaborative culture with an unwavering c...
Duraproducts, a globally renowned provider of innovative, sustainable construction solutions, has been chosen by ABM Contractors to supply its pioneering Durakerb HB2 range of recycled kerbing units, for the refurbishment of the company’s headquarters car park in Swords, Co Dublin, Ireland. Established in 1994, ABM Contractors is a well-respected contractor with a reputation for delivering high-quality building solutions across Ireland. Following a period of growth, it became clear that a...
The environmental technology company Nederman has acquired the Canadian company Duroair Technologies Inc., strengthening Nederman and the Extraction & Filtration Technology (E&FT) division in the US & Canada. Duroair, founded in 2012, has a unique market position in designing, manufacturing, and selling climate-controlled air filtration with US and Canada as the main markets. Duroair’s unique and flexible enclosures and filtration systems trap and extract fumes, dust and gas...
Ameren is reminding its customers to take extra safety precautions when encountering company vehicles and crew members on area roadways. As a critical service provider that is responsible for emergency power restoration and repairs, while working in extreme weather and challenging terrain, it's important that motorists stay safe and keep crews safe by moving over and slowing down. Missouri’s Move Over Law and Illinois’ Scott’s Law require drivers to slow down or change lanes w...
Convergence Data, a pioneer in innovative data solutions, proudly announces the new release of its latest Product Information Management (PIM) software, designed to revolutionize how businesses manage their product data. This new release integrates advanced auto-enrichment capabilities for product data from any website that has content and an API, such as online distributors (ex., Fastenal, Grainger, Digikey, SiliconExpert, and others), setting a new standard in the industry. It also features t...
ECM Technologies (ECMT), a pioneer in heating, ventilation, and air conditioning (HVAC) efficiency and energy conservation, announced its strategic partnership with Tolin Mechanical, the pioneering commercial HVAC service company in the state of Arizona. The collaboration will combine Tolin’s extensive expertise in commercial HVAC preventive and predictive maintenance services and related energy sustainability services with ECMT’s industry-changing nanotechnology, ThermaCl...
Women in HVACR (WHVACR), a nonprofit organization dedicated to empowering women in the heating, ventilation, air conditioning and refrigeration trades, announced that it is a sponsor of the 2024 ServiceTitan Elite Trades Championship Series (ETCS) to be held at the Palm Beach County Convention Center in West Palm Beach, Florida, on Sept. 11–13. “This competition is like the Olympics for HVAC employees in that it showcases the very best HVAC technicians and apprentices from acro...
Ameren Transmission is working to build a more reliable and resilient energy grid and is hosting multiple public open houses the next two weeks to gather input from local stakeholders. The in-person open houses will take place in DeKalb, Daviess, Grundy, Sullivan, Randolph, Macon, Marion, Lewis, Adair and Knox counties. The Northern Missouri Grid Transformation Program is preparing the grid for the future by replacing aging infrastructure, adding transmission capacity to ensure reliability and...
Cold thermal energy specialist - Organic Heat Exchangers (O-Hx) has appointed Steve Booton as its Oceania representative, extending the global reach of the business and its patented energy storage solution, EnergiVault. Based in Australia and with 30 years of environmental experience in the distribution, manufacturing, and e-commerce industries, Steve Booton will be responsible for developing routes to market and investment opportunities for EnergiVault in Oceania. Cooling resilience Steve Bo...
Air Pros USA, a residential air conditioning services company, was ranked on Inc. Magazine’s annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The 2024 Inc. 5000 ranking marks Air Pros USA’s fourth consecutive appearance on the national list. 868 on the 5000 list Air Pros USA is ranked No. 868 on the 2024 Inc. 5000 list of the fastest-growing private companies in America. The list represents a unique look...
Trane® - by Trane Technologies, a global climate innovator - celebrated a significant safety milestone at its Commercial HVAC manufacturing facility and Rental Service office in Charlotte, North Carolina. The Trane Charlotte employees achieved 3,000,000 work hours, approximately ten years, without a lost day away from work due to a work-related injury or illness on May 21, 2024. Trane Charlotte has been in operation for 50 years and currently employs approximately 125 people. Trane Charlot...
The Board of Directors of AB Electrolux has appointed Yannick Fierling as the new President and CEO of Electrolux Group effective January 1, 2025. Yannick Fierling succeeds Jonas Samuelson, who earlier this year informed the Board that he would leave his position by the end of the year. Yannick Fierling has more than 20 years of experience in the household appliances industry, most recently as CEO of Europe for Haier Corporation during the years 2015 to 2024. Between 2000 and 2015, he...
Installers can now access Navien boilers within 24 hours thanks to a new strategic partnership between the globally renowned boiler manufacturer and APP Plumbing and Heating, the UK’s most recognized independent distributor of plumbing and heating products. With APP Plumbing and Heating as Navien’s exclusive UK distributor, this partnership is set to enhance the availability and distribution of Navien’s cutting-edge products, bringing significant and tangible benefits to insta...
Interplay Learning, the pioneer in immersive career development solutions for the skilled trades, and Sila Services, a pioneering home services platform operating HVAC, plumbing, and electrical companies, are pleased to announce that Interplay will deliver ongoing, scalable training solutions across Sila Services’ 30+ brands. With a workforce of 1,200+ field technicians and a commitment to a people-first approach, Sila Services has selected Interplay Learning to enhance and scale its trai...
Aliaxis SA, a world pioneer in enabling access to water and energy through innovative fluid management solutions, announced that it has signed a definitive agreement to acquire the manufacturing assets of the Johnson Controls CPVC pipe and fittings business for residential and light commercial sprinkler systems. This acquisition affirms the commitment to the North American growth strategy. Aliaxis is bolstering its product range with a more comprehensive portfolio of fire suppression systems fo...
Bradford White hosted the 18th annual Bob Carnevale Memorial Car Show at its facility in Middleville, MI for current and former employees. The event was re-named in 2023 in honor of Bob Carnevale, who served the company for nearly 60 years and as CEO from 1991 to 2009. Car Show winner This year's winner of the car show was Lynn Kermeen, a Bradford White employee from 1976 to 2017, and her 1969 Chevy Chevelle SS 396. Guests also enjoyed food trucks, plant tours, bounce houses, face pain...
The Board of Directors of intelligent power management company - Eaton named Paulo Ruiz as the President and Chief Operating Officer of Eaton and a member of the Board of Directors, effective September 2, 2024. Ruiz will be appointed Chief Executive Officer of Eaton on June 1, 2025. He succeeds Craig Arnold, who will retire on May 31, 2025, having reached Eaton’s mandatory officer retirement age of 65. Mr. Arnold has been Eaton’s Chairman and Chief Executive Officer since June...
Gamut Capital Management, L.P., a pioneering New York-based middle market private equity firm, announced it has signed a definitive agreement to acquire Airtron Heating & Air Conditioning, a pioneering designer, installer, and maintenance provider for heating, ventilation, and air conditioning (HVAC) systems, from NRG Energy, Inc. Airtron is one of the largest residential new construction HVAC installation providers in the US, with expansive geographic coverage across 13 metropolitan statis...
Dominic Dorfner, Senior Vice President of the Automotive Division in Semikron Danfoss, will take over as President, when Claus A. Petersen retires on August 31, after 40 years in the Danfoss Group - the last 26 years leading Danfoss Silicon Power and Semikron Danfoss. Dominic Dorfner has been named the new president of Semikron Danfoss – a pioneering global manufacturer of power electronics based in Germany and part of the Danfoss Group. Dominic Dorfner joined Semikron Danfoss in 2021 as...
