Watsco’s seasonally heavy 4Q reflected continued lower sales and volumes post-A2L transition, offset by higher prices helping to boost margins.
Fenco is the second investment for private equity-backed Averon, and it is actively pursuing others.
It follows the company’s opening of a large DC near Fort Worth in early 2025.
The deal expands A. O. Smith’s presence in the water management market and broadens its integrated product offering.
This expansion will consolidate the corporate headquarters’ operations to one location and add more warehouse space.
Double-digit pricing actions continue to offset lower shipments of HVAC equipment that uses newly-mandated A2L refrigerants.
The sale will not include MARS’ equipment distribution division, which will operate under the name Heat Controller.
With offices in Dallas and Chicago, TCG will infuse 100+ independent distributor member-owners into AD across verticals of plumbing, PVF, HVAC, waterworks and irrigation.
Steve Snower joined Parts Town as its sixth employee in 2004. Today, the company is a leading distributor of OEM replacement parts, now on pace for nearly $2.8 billion in annual revenue. He joins to...
Meriton expanded its national HVAC network with the acquisitions of fellow rep agencies Engineered Equipment Sales and Testing, Fields Mechanical Systems and Specialty Air Conditioning Services.
It took a year to finalize, but the deal doubles the size of Bosch’s Home Comfort business, significantly expanding its presence in the U.S. and Asia.
Watsco delivered company-record 2Q gross profit despite a slight dip in sales, driven by tech-driven strategic pricing and other initiatives.
