Permira announced that a company backed by the Permira funds has signed a definitive agreement to acquire DiversiTech from an affiliate of The Jordan Co. LP. As part of the transaction, the senior management team led by Jim Prescott, president and CEO, will remain significant owners of the company.
There are many advantages to getting a technical education in the HVAC industry — students learn the science behind heating and cooling systems, how to troubleshoot and correct problems, and what to expect on the jobsite, among other critical lessons. Earning that degree or certification can help those pursuing a career in the HVAC trades stand out from the rest, but educational costs can quickly add up.
Plasma Air Intl. announced the appointment of Staice June as director of business development, gaming and hospitality. In her new role, June is responsible for developing Plasma Air’s business and driving the growth of all product lines within the North American gaming and hospitality markets.
Mitsubishi Electric US, Inc. Cooling & Heating Division (Mitsubishi Electric), held its 2017 Diamond Leadership Conference at the Ritz-Carlton, Dove Mountain in Marana, Arizona, from February 25–28. The annual conference, with a theme of vision, dedication, and success — included nearly 400 distributors, sales reps, and employees who celebrated a successful year as well as new programs, products, and strategies for 2017.
With the opening of a brand new Application Development Center (ADC) in Tallahassee, Florida, Danfoss now has four Cooling ADCs where OEMs and Danfoss engineers collaborate in a test environment to create innovative cooling solutions for the future.
Venstar® announced that it has signed an exclusive agreement with Insco Distributing Inc. of San Antonio, Texas, for the distribution of Venstar HVAC control products throughout Texas and Oklahoma City.
According to a new market research report, "The Thermal Energy Storage Market, By Technology, Storage Material, Application, End-User, and Region - Global Forecast To 2022," published by MarketsandMarkets, the market is expected to grow from an estimated $3.67 billion in 2017 to $6.20 billion by 2022, registering a compound annual growth rate (CAGR) of 11 percent from 2017 to 2022.