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Marcone announces acquisition of Munch's Supply
Marcone, a distributor of home appliance, HVAC and plumbing repair parts and equipment across North America and current portfolio company of Genstar Capital announced it has acquired Munch's Supply, a distributor of HVAC equipment, parts and supplies from Ridgemont Equity Partners. Ridgemont and the Munch's management team will retain a meaningful minority stake in the combined entity.
A. O. Smith acquires Canada water heater manufacturer Giant Factories
A family-owned business founded in 1945, Giant markets its water heaters under the Giant brand and employs more than 300 people, primarily in Canada. Giant manufactures water heaters at two facilities in Montreal and sells water heating products across Canada. The addition of Giant to A. O. Smith's existing water heater operations enlarges the company's presence in the Canada water heater market, which is characterized by a high percentage of replacement demand.
Rinnai acquires Industrias MASS
Rinnai America announced the acquisition of Industrias MASS, a leader in the commercial water heater market in Mexico. This acquisition marks the first by Rinnai America Corporation and follows the launch of its Strategic Business Initiative announced earlier this year, meant to accelerate the company's presence via acquisitions and partnerships.
Uponor sells its share in the joint venture Phyn
Phyn was founded in 2016 as a joint venture between Uponor and Belkin, with both owning 50% of the company.
Goettl Air Conditioning & Plumbing acquires Eternal Services
As part of the acquisition, Eternal Services will rebrand to Goettl Air Conditioning and Plumbing, and will also merge its customers into Goettl's client base.
Goettl Air Conditioning & Plumbing expands into Texas with acquisition of Will's All Pro Plumbing & Air Conditioning
Goettl will continue providing plumbing services under the Will's All Pro name and will introduce the Goettl Air Conditioning brand to San Antonio and surrounding markets in the first quarter of 2020.
ServiceTitan Announces Acquisition of CUC Software
CUC Software will continue to offer customers support through April 1, 2020.
Victaulic acquires Globe Fire Sprinkler
Two leading, century-old companies bring added support to fire protection customers, industry.
Effective July 8, 2019, Victaulic has purchased Globe Fire Sprinkler. Combined, these two respected companies will have the resources and capabilities to bring exciting new solutions to the fire protection industry around the world, Victaulic notes.
Rooter Hero enters HVAC market through acquisition
The purchase adds four Phoenix-area locations to the Rooter Hero brand.
Embassy Group, WIT & Co. announce merger
Boasting combined revenue of more than $8.5 billion, 138 members and 1,450 locations across the continental United States, this new group will become, by revenue, the largest plumbing group in the country.
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