Lennox/Service Experts Merger CompleteLennox International Inc. and Service Experts Inc. announced the completion of the merger of their two companies, which began in October. The transaction, valued at nearly $300 million, creates a separate retail company within Lennox. Each Service Expert share will be converted into a right to receive 0.67 Lennox shares.
Excellence Alliance Acquires GroupMAC's United Service AllianceExcellence Alliance Inc. has acquired membership and related assets of Group Maintenance America Corp.'s United Service Alliance, a training and networking organization. Under the agreement, independent contractor members of USA become members of EAI. GroupMAC chairman Jim Norris is slated to become chairman of EAI.
Stock Prices As of February 1, 2000:
- Building One Services: $9.81
Comfort Systems: $7.06
Service Experts: $6.75
Lennox International: $9.75