Lennox Signs Agreement to Acquire Heat Controller

Lennox Signs Agreement to Acquire Heat Controller

US: Lennox announced that it has signed a definitive agreement to acquire Heat Controller, an HVAC equipment supplier serving distributors across North America through its Comfort-Aire and Century brands. The acquisition is intended to expand Lennox’s offering for small and mid-sized HVAC distributors by broadening its product portfolio and strengthening its presence in the North American HVAC market. The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals.

“Heat Controller and its Comfort-Aire and Century brands strengthen how we serve our distributor partners with flexibility and exceptional customer service,” said Alok Maskara, Chief Executive Office of Lennox. “I am excited to welcome this team to Lennox. Together, we see meaningful opportunities to support our distributor partners.”

“We are excited to join Lennox and begin the next chapter of Heat Controller’s growth,” said Philip Windham, Chief Executive Officer of Heat Controller. “Lennox’s scale, operational strength, and focus on customer experience position us to expand our offering and continue delivering the flexibility, availability, and service our distributor partners depend on.”

Source: Megaproject