Daikin Applied Acquires Varitec Solutions
October 8, 2024
Daikin Applied announced a majority investment in Varitec Solutions, a Phoenix-based designer, developer and installer of large-scale, energy-efficient HVAC systems. The deal brings Varitec's ~170 employees into the Daikin Group to expand Daikin's end-to-end HVAC capabilities and service footprint across the U.S. Southwest while Varitec's president, Chris Carlson, will continue to lead the business.
- Buyers
- Daikin Applied
- Targets
- Varitec Solutions
- Industry
- HVAC & Mechanical
- Location
- Arizona, United States
- Transaction Type
- Buyout
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