Reliance Comfort Limited Partnership (Reliance Home Comfort) has entered into an agreement to purchase the shares of National Energy Corp. (which operates under the name National Home Services) for $505 million from Just Energy Group Inc.
Knauf Insulation and Guardian Industries announced that a definitive acquisition agreement has been signed for Knauf Insulation to acquire Guardian Insulation. The transaction includes Guardian Fiberglass, a leading supplier of insulation products for the construction market, and Guardian Laminated Building Products.
General Tools & Instruments has been acquired by High Road Capital Partners, a private equity firm based in New York City. General Tools’ CEO and senior management team remain at the company’s helm.
Source Refrigeration & HVAC, a portfolio company of Arsenal Capital Partners, has announced the acquisition of Service Refrigeration LLC, based in Houston.
WaterFurnace Renewable Energy Inc. announced that it has entered into an agreement to acquire the assets and technology of Chillit Chillers, Goshen, Indiana, a manufacturer of specialty chillers and geothermal heat pumps for large commercial and industrial applications.
Within the Johnson Controls portfolio, ADTI will be aligned under the building efficiency platform, where it will operate with its own brands, distribution channels, and employees.
MiTek Industries, a Berkshire Hathaway company, announced that it has acquired Ellis & Watts Global Industries. Ellis & Watts engineers, designs, and fabricates highly customized HVAC and other products sold into the nuclear, military, and other industrial end markets.
Johnson Controls announced that it has reached a definitive agreement with the Canada Pension Plan Investment Board to acquire its Air Distribution Technologies business, one of the largest providers of air distribution and ventilation products in North America, for approximately $1.6 billion.