A family-owned business founded in 1945, Giant markets its water heaters under the Giant brand and employs more than 300 people, primarily in Canada. Giant manufactures water heaters at two facilities in Montreal and sells water heating products across Canada. The addition of Giant to A. O. Smith’s existing water heater operations enlarges the company’s presence in the Canada water heater market, which is characterized by a high percentage of replacement demand.
As a business owner, you are constantly comparing business performance not only to competition but to previous year earnings and performance. In merger and acquisition transactions, EBITDA is often used by companies to compare similar businesses in the same market. Understanding how to use EBITDA can help your overall performance and make sure you are prepared in the event of a business sale or purchase.
The company, based in Sanford, Florida, employs 32 people and offers high-quality products and innovative, user-friendly software solutions for the design and operation of pressure boosting systems.
Hirsch Pipe & Supply announced it has acquired Hemet Valley Pipe & Supply. This is the twenty-fifth Hirsch Pipe & Supply store in Southern California and the first store in Riverside County.
Winsupply has completed the purchase of Clinton, Iowa-based HVAC distributor Clausen Supply. Clausen Supply is one of the best-established HVAC distributors in the eastern Iowa region. The previous owner, Jon Clausen, will be exiting the company immediately after close.
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.
Dakota Supply Group (DSG) announced the acquisition of Montana Waterworks & Irrigation (MTWW) in an asset purchase effective September 1. Montana Waterworks is a waterworks distributor serving Eastern Montana from its Billings location. This will be DSG’s first waterworks location in the state.
Rheem has announced its intent to acquire Friedrich Air Conditioning, a 138-year-old manufacturer of premium air conditioning products, from Monomoy Capital Partners.
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