Mergers & Acquisitions - News

Ziehl-Abegg Inc. proudly announces that Carmen Deese, Director of Human Resources, has been named one of Triad Business Journal’s Outstanding Women in Business for 2025. This prestigious recognition honors women in the Triad region who demonstrate exceptional leadership, vision, and impact in their industries and communities. Ziehl-Abegg’s rapid growth Deese was formally honored at a ceremony held on April 23, 2025, where she joined a distinguished group of professionals recognize...

Burnham Holdings, Inc. (BHI), parent company to pioneering manufacturers of boilers and related HVAC products and accessories, announced its decision to divest substantially all of the assets of its Thermo Pride (TP) and Norwood Manufacturing (NMI) business subsidiaries. This strategic move aligns with the holding company’s long-term vision to strengthen its core boiler business while expanding its commercial and industrial rental and service operations. Comprehensive boiler solutions T...

NIBCO INC. has announced the promotion of Colin Crain to vice president of specialty and retail sales. In Crain’s new role, he will be responsible for managing all aspects of both retail and specialty channels at NIBCO while creating and implementing a strategic growth plan and developing talent. Crain will report to Joe Choflet, vice president of sales and marketing. Prior roles of Crain Crain brings 28 years of experience in the industry to this new role. He joined NIBCO in Decem...

A-Gas, a world pioneer in environmentally responsible lifecycle refrigerant and fire suppressant management, acquired Refrigerant Services Inc. (RSI), a recognized brand in the Canadian refrigerant industry. The acquisition, finalized in late March 2025, further solidifies A-Gas' position as a world pioneer in the supply and lifecycle management of refrigerants and associated products and services. Strengthening Commitment It ensures that customers receive the maximum value and benefit of lif...

CDP, a non-profit organization that holds the world’s largest, most comprehensive dataset on environmental action, has selected Nidec Corporation as a 2024 A List Company. By scoring companies, cities, states and regions, CDP incentivizes and guides them on a journey towards leadership on environmental transparency and action. Global Sustainability Commitment Nidec considers contributing to a sustainable global environment as one of its key goals As a company that operates globally, Ni...

Baxi is encouraging social housing providers to ensure they have robust clean heat strategies in place for both new build and refurbishment projects following funding announcements in the Spring Statement. The call follows the government’s allocation of £2 billion to support the development of 18,000 new affordable homes, half of which is allocated for social housing. Sustainable social Housing Social Housing Fund in place to retrofit existing social housing and improve energy eff...

EnviroVent, one of the UK’s pioneer manufacturers and installers of ventilation systems, has partnered with Vericon Systems, a pioneer manufacturer of remote technologies. To enable social housing providers to take advantage of the latest technology which gives them real-time visibility over environmental conditions within their properties. Remote risk management Through Vericon’s user-friendly online platform, landlords can proactively manage their properties with AI The strateg...

FLIR, a Teledyne Technologies company, introduced the Si1-LD. An industrial acoustic imaging camera that brings faster and more accurate compressed air leak detection to those operating on a modest condition monitoring budget. The new FLIR Si1-LD offers improved detection and quantification capabilities in comparison with the existing FLIR Si124-LD Plus, along with a higher upper limit frequency range.  Smarter Solutions FLIR Si1-LD offers improved detection and quantification capab...

Danfoss Climate Solutions has named Dennis Appel as Divisional President of its newly established Controls and Thermal Management division. This new division unites the expertise of heat exchangers with refrigeration, cooling, and air conditioning technologies to accelerate innovation and enhance efficiency. Since 2020, Dennis Appel has played a key role in expanding Danfoss’ heat exchangers business. Dennis Appel to head new Danfoss Climate Solutions' division “Dennis has success...

The parent company of the pioneering North American distributor of residential and commercial kitchen appliance, HVAC, plumbing and pool/spa repair parts and equipment, formerly known as Marcone, is proud to announce its new name: mSupply™. “The name change is a reflection of who we are today and where we’re headed as a company,” said Asterios Satrazemis, Chief Executive Officer. “It honors the diversity and rich history of the incredible companies we’ve brou...

Modine, a diversified pioneer in thermal management technology and solutions, announced $180 million in orders for Airedale by Modine™ data center cooling systems from a new customer that is a pioneering AI infrastructure developer. The high-capacity equipment is purpose-built to meet the customer’s objectives to provide scalable, cost-effective, and sustainable solutions for AI applications by building large-scale, building-optimized data centers. Modine data center solutions...

In 2024, sales were EUR 9,674 million. Despite challenging market conditions, they delivered a solid operational EBITA of EUR 1,097 million, equal to a margin of 11.3%. “I am especially excited to see the continuous strong performance in our Climate Solutions and our Drives businesses. We strengthened our position in selected high-growth markets like data centers, commercial heat pumps, and selected electrification applications such as marine," says Kim Fausing, Presiden...

JTW Advisors LLC announced that its client, McGowan’s Heating & Air Conditioning, the largest stand-alone HVAC provider in the Jacksonville market, has been acquired by Del-Air Heating, Air Conditioning & Refrigeration, a renowned provider of home services backed by Astara Capital Partners. JTW Advisors served as the exclusive investment banker to McGowan’s Heating & Air Conditioning for the transaction. This is JTW Advisors’ second HVAC transaction in the past wee...

Marcone Group, a pioneering North American distributor of appliance, HVAC, plumbing, commercial kitchen and pool and spa parts and equipment, announced that Phil Mause has joined its leadership team as Chief Commercial Officer. In this newly created role, Mause will manage growth through Marcone’s sales and marketing efforts. Building strategic partnerships “Phil brings a wealth of experience and an impressive track record in sales, marketing, and business intelligence,&rdquo...

JTW Advisors LLC announced that its client, Gator Air Conditioning, a premier provider of residential HVAC services in the Sarasota and Tampa regions, has been acquired by Del-Air Heating, Air Conditioning & Refrigeration, backed by Astara Capital Providers. JTW Advisors served as the exclusive investment banker to Gator Air Conditioning for the transaction. reputation and the desirability The sale of Gator Air Conditioning attracted significant interest from a highly competitive field of...

Johnson Controls, a global pioneer in smart, healthy, and sustainable buildings announced that its Board of Directors has appointed Joakim Weidemanis as Chief Executive Officer effective March 12, 2025, following the Company’s Annual General Meeting of Shareholders.  He succeeds George R. Oliver following a thorough succession planning process.  Non-Executive Chairman Oliver, who led the Company’s successful transformation into a pure-play building solutions provider, wi...

Marcone Group, a North American distributor of appliance, HVAC, plumbing, commercial kitchen, and pool and spa parts and equipment, announced that Kate Sberna has been named Chief Human Resources Officer. In this new position, Sberna oversees employment for Marcone's team of 2,500. She looks forward to supporting pioneers and employees as they create action plans that move the company forward. Kate Sberna “Our mission is to improve decisions that depend on and impact the people in...

ECM Technologies (ECMT), a globally renowned provider of HVAC efficiency and energy conservation solutions, is pleased to announce the promotion of Sofia Lozoya to Vice President (VP) of Marketing and Creative. In this expanded role, she will oversee the development, coordination, and execution of all marketing, advertising, and public relations initiatives, driving both digital and traditional strategies to meet client and company goals.  new responsibilities She will also serve as a ke...

Danfoss announced that Kristian Strand has been named President of Danfoss Climate Solutions. He succeeds Jürgen Fischer who, after 16 years with Danfoss, has decided to retire. Kristian Strand Kristian Strand, who is currently serving as Divisional President, of Commercial Compressors in Danfoss Climate Solutions, will join the Danfoss Group Executive Team and take over as President of Danfoss Climate Solutions as of April 1, 2025. Before his current role, Strand served as Divisional Pr...

Baxi welcomed Maya Ellis, the newly elected Labour MP for Ribble Valley, to its Preston production facility, on 10 January, 2025. As part of the visit, Maya was given a tour of the factory and met with key members of Baxi’s leadership team, including Darren Ingram, Operations Director; Rob Pearse, Residential Business Director, and Jeff House, Director of External Affairs & Policy. low-carbon heating Discussions focussed on Baxi’s 160-year brand heritage in the local area, its...

Johnson Controls, the global pioneer in smart, healthy, and sustainable buildings, announced the acquisition of Webeasy, a prominent Dutch provider of building automation and control systems. This strategic acquisition reinforces Johnson Controls’ commitment to driving innovation, sustainability, and energy efficiency while expanding its capabilities in the growing market for smart, connected buildings across Europe.   Expanding Global Reach in Building Automation   Webeasy, headqu...

Mojave Energy Systems, founded to change the nature of air conditioning, announced it has expanded into the Latin American market to meet the growing need for energy-efficient, high-performing, affordable HVAC solutions in the region. To support the geographic expansion, Mojave has hired Mateo Cardona as a Regional Sales Manager, based in Miami, Florida. Initially, Mojave will concentrate on countries with a standard electrical frequency of 60 hertz (Hz) across Central America and the Caribbean...

The 13th edition of Big 5 Construct Saudi, organized by dmg events, returns as the largest construction event in the Kingdom. Taking place across two weeks, from 15 to 18 February and 24 to 27 February 2025, at Riyadh Front Exhibition & Conference Center, ROSHN Front, the event aligns with Saudi Arabia’s Vision 2030, reflecting market demand and opportunities in Saudi Arabia’s multi-trillion-dollar pipeline of mega and giga projects. Once again, Big 5 Construct Saudi will featur...

HiiLIFE, a renowned technology provider for the construction sector, is proud to announce its appointment as the official Samsung Climate Solutions distributor in Ireland. The strategic partnership builds upon HiiLIFE’s successful collaboration with Samsung in the UK, extending their joint commitment to deliver advanced heating, ventilation and air conditioning (HVAC) solutions to both the commercial and residential markets nationwide. HiiLIFE - official Samsung distributor in Ireland C...

Walton & Company, a trusted pioneer in mechanical contracting and metal fabrication, announced a successful leadership transition with the appointment of Jason Hamme as the company’s new President. Hamme, with a proven track record as a senior-level project manager, will take the helm as outgoing President Andy Volovar plans to retire in September of 2025. Volovar’s departure comes after 23 years with York-based Walton & Co., during which time he played a key role in shaping...

Bradford White Corporation, an industry-renowned manufacturer of water heaters, boilers, and storage tanks, will unite its growing portfolio of companies in one booth at AHR Expo 2025, the premier education and networking conference for the HVACR industry. The event will be held Feb. 10-12, 2025, in Orlando, Florida, USA. Product and technical experts from Bradford White Water Heaters, Laars Heating Systems, Niles Steel Tank, Electro Industries, Heat-flo, and FloLogic will be available at Booth...

SmartAC.com, an industry pioneer in monitoring technology for HVAC units, is pleased to welcome Paul Kelly, former Owner of Parker & Sons and current Consultant to the Wrench Group, to its Advisory Board. With over 35 years of experience in the HVAC, plumbing, and electrical service industries, Paul will bring a wealth of knowledge to the company as it continues to innovate with its connected home mechanical systems platform. CEO comments “We’re honored to have someone with Pa...

Tim Ferguson Plumbing, Air and Electric, a full-service home service provider serving the Memphis and Jackson areas for over 24 years, has hired veteran industry and community pioneer - Nick Hayes as Vice President and General Manager. Hayes will oversee operations and help drive business growth at the company’s Memphis and Jackson branches. Next year marks a significant milestone for the company as it celebrates Tim Ferguson’s 25th anniversary in the industry - a testament to decad...

Intelligent power management company Eaton announced that Lucy Clark Dougherty has been named general counsel, effective January 27, 2025. Dougherty will succeed Taras “Terry” Szmagala Jr. as executive vice president and chief legal officer upon his retirement, effective April 4, 2025. In this role, Dougherty will serve as counsel to Eaton’s executive management team and its Board of Directors, and will lead the company’s global Legal organization, including the Corporat...

Ameren Corporation announced that Steven O. Vondran has been elected to the Ameren Board of Directors, effective January 1, 2025. He is the President and Chief Executive Officer of American Tower Corporation, a global real estate investment trust and independent Owner, Operator and Developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities. Steven O. Vondran has held various le...