“Acquiring Axis is in keeping with our strategic intent and complements our growth in the area of industrial plant floor automation,” said Randy Breaux, president, Motion Industries.
Johnson Controls Inc. had a big 2018, with the launch of several new products and the acquisition of Lux Products Corp. For Johnson Controls, the Lux acquisition enhances its commitment to thermostats. The move also enables faster product development cycles, improves customer service capabilities, and supports greater product innovation.
Motion Industries, Inc., a wholly owned subsidiary of Genuine Parts Company, announced today that it has entered into a definitive agreement to acquire Axis New England and Axis New York, an automation and robotics company based in Danvers, Massachusetts. Execution of the transaction will occur on March 1, subject to the satisfaction of customary closing conditions.
Smart Care Equipment Solutions announced the acquisition of Mid-South Maintenance, a provider of commercial kitchen equipment repair and maintenance services to the commercial food service industry. Located in Goodlettsville, Tennessee, Mid-South also provides HVAC repair, as well as plumbing, electrical, and facility maintenance in the greater Nashville area.
Kulthorn Kirby Public Company Limited announced the purchase of the assets and equipment of Bristol Compressors Intl. LLC, as well as the "Bristol" brand name, intellectual properties, know-how, products, and technologies.
R.S. Andrews, a full-service plumbing, HVAC, and electrical company established in 1968 in the Atlanta area, announced its acquisition of local Bluffton HVAC business Covert Aire™. Covert Aire is a family-run business founded and operated by Mike and Theresa Covert in 2007.
Neighborly® celebrated another milestone year in 2018. Last June, the company announced The Riverside Co.’s sale of Neighborly to private equity partner Harvest Partners LP. Neighborly also completed two acquisitions: Real Property Management and Mosquito Joe. This brings the total number of service brands under the Neighborly umbrella to 20.
Private equity firm Huron Capital announced that its HVAC installation, retrofit, and repair services platform — Pueblo Mechanical & Controls — has acquired two additional businesses, Newgaard Mechanical Inc. and CFM Mechanical LLC. Following the December 2018 acquisition of Commercial Air, these transactions represent the second and third add-on acquisitions completed by Pueblo.
Hussmann Services Corp., a Panasonic company, announced the acquisition of certain assets of Exxeno LLC, which will provide cloud-based Software-as-a-Service (SaaS) monitoring and analysis solutions to reduce the total cost of operating commercial refrigeration systems.