Antares Capital and American Capital arranged for $170 million in financing to support the acquisition of Kele Inc. by Snow Phipps Group LLC. Kele is a distributor of peripheral control products used in building automation systems. Snow Phipps is a private equity firm focused on middle-market control investments.
BuildBoom, a construction social network has officially launched its public invitation beta with a general public date of Nov. 25, 2015. The social platform is designed to provide members of the industry a professional space to connect and create communities around projects.
International Exposition Co. has announced the winners of the 2016 Air-Conditioning, Heating, Refrigerating Exposition (AHR Expo) Innovation Awards. The annual awards competition honors the most inventive and original HVACR products, systems, and technologies showcased at each year’s AHR Expo.
Smartcool Systems Inc. announced that the company has delivered its first wireless demand control ventilation (DCV) system. The installation was a three-way collaboration between Smartcool Systems, Airtest Technologies Inc., and Total Energy Concepts Inc.
This Old House has named Seek Thermal’s Seek Compact thermal imager to its fifth annual “This Old House Top 100,” a list of the 100 best new home products of the year. Seek Compact is a smartphone-connected camera for both iOS and Android devices.
UTC Climate, Controls & Security, which manufactures products under the Carrier, Bryant, Payne, and ICP brand names, has announced a price increase of up to 5 percent on residential and commercial HVAC equipment.
While 94 percent of homeowners know that the furnace can release deadly carbon monoxide gas, more than half (53.7 percent) don’t take simple steps that can prevent that from happening. That is a major finding of a survey completed on behalf of Service Experts Heating & Air Conditioning.
Illinois Institute of Technology and Elevate Energy, a nonprofit organization that designs and implements energy efficiency programs, announced they are teaming up to study the impact of outdoor pollution and weatherization on IAQ and chronic health issues in U.S. homes.
SightCall and ServiceMax have extended their partnership with the announcement of SightCall Visual Service™ for ServiceMax, which the companies said provides field technicians with the ability to share field issues and get remote guidance with live video, picture sharing, annotations, and co-browsing technical documentation.
The Consumer Electronics Association (CEA)® and LONMARK International announced that two of their standards — ANSI/CEA-709.5 and ANSI/CEA 709.6 — are now approved American National Standards Institute (ANSI) standards for home and building automation.