TEC Acquires Major HVAC Equipment Distributor
Temperature Equipment Corporation, one of the country's largest independently owned HVAC distributors, has acquired a major Midwestern HVAC distributor and sheet metal manufacturer. Continuing operations as National Excelsior Company, the supplier will expand the range of HVAC offerings throughout the region through the Day & Night product line, an International Comfort Products brand owned by Carrier Corp.
Lansing, Ill. (PRWEB) September 8, 2008 -- Temperature Equipment Corporation, one of the country's largest independently owned HVAC distributors, has acquired a major Midwestern HVAC distributor and sheet metal manufacturer. TEC, which provides Carrier equipment, controls, parts and supplies for residential, business and industrial applications throughout Chicago and surrounding areas, purchased Excelsior Manufacturing & Supply on May 1.
Excelsior is a privately owned, 128-year-old business with operations in five states - Illinois, Indiana, Kansas, Missouri and Minnesota - and will continue to operate independently and separately from TEC. Its seven branches include a facility in Brookfield, Mo., that manufactures sheet-metal components for air distribution systems. The terms of the sale have not been disclosed.
"Excelsior provides an excellent opportunity for growth into multiple states," said Denis Marino, President and Chief Operating Officer at Excelsior. "Like TEC, Excelsior is a seasoned, independent company with a long history of excellent customer service," he said, adding, "It's a great fit."
Continuing operations as National Excelsior Company, the supplier will expand the range of HVAC offerings throughout the region through the Day & Night product line, an International Comfort Products brand owned by Carrier Corp. The Day & Night line is designed to offer environmentally sound, energy-saving products at competitive prices.
"Excelsior has a very strong history of taking care of its customers," Marino said. "We are going to make it even stronger."
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