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Rinnai America announced the acquisition of Industrias MASS, a leader in the commercial water heater market in Mexico. This acquisition marks the first by Rinnai America Corporation and follows the launch of its Strategic Business Initiative announced earlier this year, meant to accelerate the company’s presence via acquisitions and partnerships.
Franklin Electric announced it has acquired New Aqua and its wholly owned subsidiaries, headquartered in Indianapolis, Indiana in an all-cash transaction valued at $150 million, subject to customary adjustments.
The Collins Companies, an industrial distributors of pipe, valves and fittings and engineered specialties serving the Northeast, announced its decision to fully acquire the assets of Niagara Controls in Buffalo, NY and consolidate the management with their Collins Niagara Division in Syracuse, NY. Joseph A. Clemente, who was the Managing Partner of Niagara Controls, will now provide direction and guidance to both of these Collins’ divisions.
Anvil and Smith-Cooper International, a portfolio company of Tailwind Capital, announced the acquisition of the ABZ and Quadrant Valve brands from parent company Forum Energy Technologies.
Ferguson announced the acquisition of Old Dominion Supply, Inc. (“Old Dominion”), a wholesale distributor of HVAC parts and supplies in Maryland and Northern Virginia, and Atlantic Construction Fabrics, Inc. (“ACF”), a geotextile company operating along the East coast.
Winsupply has completed the purchase of substantially all the assets of Avon Supply Co., a plumbing and heating wholesale distributor primarily serving the greater Boston market. Details of the purchase were not disclosed.
Master distributor Industrial Valco, a national leader in MRO same day distribution, announced the purchase of Beric Valves, a leading producer of cast and forged steel gate, globe, check and ball valves, for the United States and its territories.
As part of the acquisition, Eternal Services will rebrand to Goettl Air Conditioning and Plumbing, and will also merge its customers into Goettl’s client base.
