Network Power is valued at $4 billion and Emerson will retain a subordinated interest in Network Power; the Leroy-Somer and Control Techniques business units are valued at $1.2 billion. Both transactions are expected to close by Dec. 31, 2016, subject to regulatory approvals.
Rheem Mfg. Co. recently earned the nationally acclaimed Partners of Choice Award by David Weekley Homes, one of the nation’s largest privately held homebuilders.
Growth will continue to be led by privately financed projects, with commercial construction continuing to lead the way. Energy-related construction will become less of a drag in 2017, while public spending will continue to be lackluster.
The MCA of Eastern Missouri recognizes companies and projects with the Outstanding Mechanical Installation Awards biannually. The awards are judged and selected based on criteria that includes installation quality, the working relationship between the owner and the contractor, and the project’s appearance.
Gerry Wilbern, lead service technician with Sky Heating & Air Conditioning in Portland, Oregon, is known not only for his technical prowess and troubleshooting abilities but also for his work ethic and willingness to help others, including his fellow technicians.
Southland Industries names Brian Boutte chief commercial officer; Haberberger Inc. names Steve Baker vice president of plumbing; more commercial HVAC contractor news briefs.
Field Controls LLC names Jeremy Troutman project engineer; Carrier Corp. announces its Côr thermostat is now compatible with Amazon’s Alexa-enabled devices, such as Echo and Echo Dot; more HVAC manufacturer news briefs.
ACCA launches a new online certification program, “Qtech: Basic Electricity for the HVAC Contractor;" NASRC joins CCAC; more HVAC organization news briefs.