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Microf LLC, a provider of residential lease-to-own products for the HVAC industry, raised $96.7 million in growth capital. The combined debt and equity raise is funded through a new $40 million committed senior debt facility provided by Atalaya Capital Management with an additional $40 million accordion feature; a new $10 million senior debt facility provided by Microf’s existing lender, BrandBank; and $6.67 million in equity provided by current equity investors.

APR Supply Co. announced the opening of its newest branch location in Upper Darby, Pennsylvania. The new branch at 510 South Cedar Lane will fill a gap in APR’s service to the eastern Pennsylvania region.

Samsung sends a fond farewell to Sang W. Lee, former president and chief executive officer of Samsung HVAC and promotes Russell Tavolacci to senior vice president and chief operating officer. Lee’s dedication over the years has ensured a smooth transition for all parties involved in Samsung’s acquisition of Quietside LLC.  

The global heat exchangers market was valued $12.61 billion in 2015 and is projected to reach $20.12 billion by 2022, growing at a compound annual growth rate (CAGR) of 6.9 percent from 2016 to 2022, according to Heat Exchangers Market Report published by Allied Market Research. The shell and tube heat exchanger segment held approximately one-fourth of the total market share in 2015.

Fujitsu General America’s Product Department is now part of the Sales Division. Several organizational changes have happened as a result of growth and expansion within the company. The improvements at Fujitsu General America Inc. (FGAI) are made to improve working conditions and to enhance collaboration between departments.

Marvair and National Coil Co. (NCC) announced that the Marvair Division of Airxcel Inc. has acquired the Eubank Wallmount product family from NCC.

Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly Trends report, showing average sales for HARDI distributor members increased by 7 percent in March 2017.

The HVAC services market is forecast to grow at a compound annual growth rate (CAGR) of 6.62 percent, according to the new report by ReportsnReports.com, Global HVAC Services Market 2017-2021.

In response to requests by customers and in-depth research on how contractors use The Air Conditioning, Heating, and Refrigeration Institute’s (AHRI’s) certified products database, Carrier Enterprise (CE) developed CE’s AHRI HVAC System Builder, an online tool that provides HVAC dealers and contractors with a simple way to build AHRI-certified HVAC systems.

Heating, Air-conditioning & Refrigeration Distributors International (HARDI) applauds bipartisan and bicameral legislation recently introduced this past month to Congress regarding S corporation rules updates.