Daikin North America Acquires Stevens Equipment Supply

November 2, 2020

Daikin North America LLC, a subsidiary of Daikin Industries, Ltd., has acquired Stevens Equipment Supply, a wholesale distributor of HVAC and commercial food service equipment based in Eagan, Minnesota. The acquisition expands Daikin's distribution footprint across roughly a dozen states, with Stevens continuing to operate under its existing name and management to support growth of its contractor customer base.

Buyers
Daikin North America LLC, Daikin Industries, Ltd.
Targets
Stevens Equipment Supply, LLC
Location
Minnesota, United States
Transaction Type
Buyout

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