Carrier Sells Commercial Refrigeration Business to Haier for $775M

Carrier Global Completes Sale of Riello Business to Ariston Group for $440 Million

July 1, 2026

Industrial Services

Carrier Global has completed the sale of its Riello business to Ariston Group for gross proceeds of approximately $440 million. Carrier said the divestiture supports its disciplined portfolio management and will be used to invest in core businesses, innovation, and value creation for customers and shareowners.

AeriTek Global Holdings Acquires Continental Refrigerator and National Comfort Products

April 15, 2026

Industrial Services

AeriTek Global Holdings LLC (backed by Mill Point Capital) completed its acquisition of the foodservice refrigeration and HVAC assets operating under the Continental Refrigerator and National Comfort Products (NCP) brands. The purchase expands AeriTek’s position in the U.S. commercial foodservice refrigeration market by combining complementary product lines and go-to-market capabilities.

Hudson Technologies Acquires USA Refrigerants

June 10, 2024

Environmental Services

Hudson Technologies acquired USA United Suppliers of America Inc. (d/b/a USA Refrigerants) for $20.7 million, with up to $2.0 million in additional earnout consideration. USA Refrigerants is a national refrigerant distributor and longtime purchaser of recovered refrigerants; Hudson said the purchase will create a dedicated refrigerant acquisition group to expand its acquisition, reclamation and sales capabilities.

Beijer Ref / Heritage Distribution Acquires Young Supply Company

April 22, 2024

Building Products

Beijer Ref AB, via its U.S. platform Heritage Distribution Holdings, has signed an agreement to acquire Young Supply Company, a family-owned commercial refrigeration and HVAC distributor headquartered in Detroit, Michigan. The acquisition is an add-on to Heritage Distribution's U.S. footprint, bringing approximately USD 130 million in annual sales, 18 branches and ~200 employees and expanding coverage in the Midwest (Michigan and northern Ohio).

Carrier Global Corporation Acquires Toshiba Carrier Corporation Stake from Toshiba

July 31, 2022

Building Products

Carrier Global Corporation has completed the acquisition of substantially all of Toshiba Corporation's ownership stake in Toshiba Carrier Corporation (TCC) for approximately $900 million. TCC, a global provider of residential and light commercial HVAC solutions including VRF and heat pump products with roughly $2 billion in 2021 sales and about 6,600 employees, will join Carrier's newly created Global Comfort Solutions business unit headquartered in Tokyo.

Strategic Equipment and Supply Acquires ISI Commercial Refrigeration

November 14, 2006

Logistics & Distribution

Strategic Equipment and Supply Corporation (Strategic) has acquired ISI Commercial Refrigeration, L.P. (ISI), a Texas-based dealer/distributor and service provider of commercial refrigeration equipment. ISI—headquartered in Dallas with locations in Dallas, Houston and Beaumont and over 60 technicians—will become a wholly-owned subsidiary and remain led by President Marty Monnat, strengthening Strategic's capabilities and presence in the Texas foodservice equipment market.