Rheem Acquires Friedrich Air Conditioning from Monomoy Capital Partners

Flow Service Partners Acquires Nunning Heating, Air Conditioning and Refrigeration

March 6, 2023

HVAC & Mechanical

Flow Service Partners, a portfolio company of RLJ Equity Partners and LP First Capital, has acquired Nunning Heating, Air Conditioning and Refrigeration, a family-owned commercial HVACR services provider in Evansville, Indiana. The add-on expands Flow's footprint in Indiana and strengthens its commercial HVACR and refrigeration service capabilities; financial terms were not disclosed.

Nation Wide Products Acquires RV Air

January 19, 2022

HVAC & Mechanical

Abilene, Texas-based Nation Wide Products completed an asset acquisition of RV Air, a maker of replacement RV air conditioner filters sold through major retailers and online. Westlake Securities served as exclusive financial advisor to Nation Wide; the deal expands Nation Wide's national retail footprint and adds HVAC accessory product capabilities to its portfolio.

Emerson Acquires 7AC Technologies, Inc.

November 23, 2020

HVAC & Mechanical

Emerson has completed the acquisition of 7AC Technologies, a Beverly, Massachusetts-based startup that develops liquid desiccant air-conditioning technology. The deal expands Emerson's commercial and residential HVAC capabilities by adding 7AC's energy-efficient humidity and air-management solutions.

Gryphon Investors Acquires RapidAir from Pfingsten

October 15, 2024

Manufacturing

Gryphon Investors has acquired RapidAir, a provider of downstream compressed air solutions headquartered in Auburndale, Wisconsin, from Pfingsten. Gryphon will operate RapidAir as a platform for future investments in compressed air solutions while RapidAir's CEO Mark LeMire and management remain with the company and retain an ownership stake.

Air Control Concepts Acquires Five HVAC Manufacturer Representative Firms

July 23, 2024

Building Products

Air Control Concepts (AIR) completed the acquisition of five regional HVAC manufacturer representative firms — Northrich Company, Air Components, Dorse and Company, JJP Mechanical Reps, LLC, and ThermAir Systems — expanding AIR’s geographic footprint, capabilities and manufacturer relationships across the United States. Each acquired firm will continue to operate under its existing brand while joining AIR’s network of commercial HVAC operating companies.

Modine Acquires Scott Springfield Manufacturing

February 26, 2024

HVAC & Mechanical

Modine (NYSE: MOD) has entered into a definitive agreement to acquire Scott Springfield Manufacturing, a Calgary-based manufacturer of air handling units, for an enterprise value of approximately $190 million CAD (consideration paid in Canadian dollars). The acquisition — expected to close in Q1 2024 and financed with cash and debt — adds AHU manufacturing capabilities and a blue-chip customer base serving hyperscale and colocation data centers, healthcare, telecommunications and aerospace to Modine's HVAC and indoor air quality portfolio.