Lennox Signs Agreement to Acquire HVAC Division of NSI Industries
Lennox (NYSE: LII) has announced a strategic acquisition of NSI Industries' HVAC division for $550 million from Sentinel Capital Partners. The acquisition includes prominent brands Duro Dyne and Supco, which manufacture critical HVAC components and accessories.
The deal enhances Lennox's ability to provide comprehensive lifecycle solutions and expands its parts and supplies portfolio across North America. The acquisition brings manufacturing and distribution sites throughout the USA and Canada, strengthening Lennox's position as a one-stop HVAC partner.
The transaction is expected to close in Q4 2025, subject to regulatory approvals. NSI Industries HVAC President John MacQuarrie and his team will join Lennox, combining their 70+ years of industry experience with Lennox's 130-year heritage in HVAC innovation.
Lennox (NYSE: LII) ha annunciato l'acquisizione strategica della divisione HVAC di NSI Industries per 550 milioni di dollari da Sentinel Capital Partners. L'operazione comprende marchi noti come Duro Dyne e Supco, produttori di componenti e accessori essenziali per il settore HVAC.
L'accordo rafforza la capacità di Lennox di offrire soluzioni complete per l'intero ciclo di vita degli impianti e amplia il portafoglio di parti e forniture in tutta l'America del Nord. L'acquisizione include impianti produttivi e centri di distribuzione negli Stati Uniti e in Canada, consolidando la posizione di Lennox come partner integrato per il settore HVAC.
La transazione dovrebbe chiudersi nel quarto trimestre del 2025, previa approvazione delle autorità competenti. Il presidente HVAC di NSI Industries, John MacQuarrie, e il suo team entreranno a far parte di Lennox, unendo oltre 70 anni di esperienza del team all'eredità di 130 anni di Lennox nell'innovazione HVAC.
Lennox (NYSE: LII) ha anunciado la adquisición estratégica de la división HVAC de NSI Industries por 550 millones de dólares a Sentinel Capital Partners. La operación incluye marcas destacadas como Duro Dyne y Supco, fabricantes de componentes y accesorios esenciales para HVAC.
El acuerdo mejora la capacidad de Lennox para ofrecer soluciones integrales a lo largo del ciclo de vida y amplía su cartera de piezas y suministros en toda Norteamérica. La adquisición incorpora centros de fabricación y distribución en EE. UU. y Canadá, reforzando la posición de Lennox como socio integral en HVAC.
Se espera que la transacción se complete en el cuarto trimestre de 2025, sujeta a las aprobaciones regulatorias. El presidente de HVAC de NSI Industries, John MacQuarrie, y su equipo se unirán a Lennox, combinando más de 70 años de experiencia del equipo con los 130 años de trayectoria de Lennox en innovación HVAC.
Lennox (NYSE: LII)가 Sentinel Capital Partners로부터 NSI Industries의 HVAC 사업부를 5.5억 달러에 전략적으로 인수한다고 발표했습니다. 이번 인수에는 HVAC 핵심 부품과 액세서리를 제조하는 Duro Dyne 및 Supco 브랜드가 포함됩니다.
이번 거래로 Lennox는 제품 수명주기 전반에 걸친 종합 솔루션 제공 역량을 강화하고 북미 지역의 부품 및 소모품 포트폴리오를 확장하게 됩니다. 미국과 캐나다 전역의 제조 및 유통 거점이 인수되어 Lennox의 통합 HVAC 파트너로서의 입지가 강화됩니다.
거래는 규제 승인에 따라 2025년 4분기에 마무리될 예정입니다. NSI Industries HVAC 부문 사장인 John MacQuarrie와 그의 팀은 Lennox에 합류하여 70년 이상의 업계 경험과 Lennox의 130년 혁신 역사를 결합할 것입니다.
Lennox (NYSE: LII) a annoncé l'acquisition stratégique de la division HVAC de NSI Industries pour 550 millions de dollars auprès de Sentinel Capital Partners. L'opération inclut des marques reconnues telles que Duro Dyne et Supco, fabricants de composants et accessoires essentiels pour le chauffage, la ventilation et la climatisation.
Cette acquisition renforce la capacité de Lennox à fournir des solutions complètes sur l'ensemble du cycle de vie et élargit son portefeuille de pièces et fournitures à travers l'Amérique du Nord. Elle apporte des sites de production et de distribution aux États-Unis et au Canada, consolidant ainsi la position de Lennox en tant que partenaire HVAC complet.
La transaction devrait se finaliser au 4e trimestre 2025, sous réserve des approbations réglementaires. John MacQuarrie, président HVAC de NSI Industries, et son équipe rejoindront Lennox, combinant plus de 70 ans d'expérience de l'équipe avec les 130 ans d'histoire d'innovation HVAC de Lennox.
Lennox (NYSE: LII) hat die strategische Übernahme der HVAC-Sparte von NSI Industries für 550 Millionen US-Dollar von Sentinel Capital Partners angekündigt. Zu der Akquisition gehören bekannte Marken wie Duro Dyne und Supco, die wichtige HVAC-Bauteile und -Zubehör herstellen.
Der Deal stärkt Lennox' Fähigkeit, umfassende Lösungen über den gesamten Lebenszyklus anzubieten, und erweitert das Teile- und Lieferprogramm in Nordamerika. Die Übernahme bringt Produktions- und Vertriebsstandorte in den USA und Kanada mit sich und festigt Lennox' Position als One-Stop-Partner im HVAC-Bereich.
Die Transaktion soll, vorbehaltlich behördlicher Genehmigungen, im 4. Quartal 2025 abgeschlossen werden. John MacQuarrie, Präsident der HVAC-Sparte von NSI Industries, und sein Team werden zu Lennox wechseln und ihre über 70-jährige Branchenerfahrung mit der 130-jährigen Innovationsgeschichte von Lennox verbinden.
- Strategic acquisition valued at $550 million expands product portfolio
- Addition of market-leading brands Duro Dyne and Supco strengthens market position
- Expanded manufacturing and distribution capabilities across USA and Canada
- Integration of 70+ years of industry experience from NSI's HVAC division
- Significant capital expenditure of $550 million may impact short-term financial flexibility
- Regulatory approvals pending could delay closing
- Integration risks with existing operations
Insights
Lennox's $550M acquisition of NSI's HVAC division strengthens product portfolio and expands market reach through established brands Duro Dyne and Supco.
Lennox's
The acquisition addresses a critical market opportunity by responding to customer demand for a more comprehensive parts and supplies offering. By integrating these complementary product lines, Lennox transforms from primarily an equipment manufacturer into a more complete solutions provider covering the entire HVAC lifecycle.
From a strategic perspective, this move delivers three key advantages:
- Broader product ecosystem that increases customer retention and wallet share
- Enhanced distribution capabilities across North America
- Expanded digital capabilities to improve customer experience
The timing aligns with industry consolidation trends, as larger HVAC players seek to control more elements of the value chain. With manufacturing and distribution sites across the US and Canada, this acquisition provides immediate scale rather than requiring organic build-out.
While the
Strategic acquisition expands parts and supplies portfolio for commercial and residential HVAC customers.
"This acquisition strengthens our ability to deliver complete lifecycle solutions for residential and commercial customers and reinforces our position as a one-stop partner for the HVAC industry," said Alok Maskara, Chief Executive Officer of Lennox. "By adding trusted heritage brands including Duro Dyne and Supco into our portfolio, we are responding to the needs of our customers who have asked for a broader parts and supplies offering. As a company, Lennox just celebrated 130 years of HVAC innovation, and I look forward to welcoming the new employees from this acquisition as we come together to further transform the North American HVAC industry."
Duro Dyne and Supco offer a robust product portfolio of HVAC parts and supplies that complement Lennox's current residential and commercial HVAC products with distribution and manufacturing sites across the
"My team members and I are excited to join Lennox," stated NSI Industries HVAC President John MacQuarrie. "The resources Lennox brings us will help us ensure our legacy of success, built over 70+ years by our team members and channel partners, continues. We are pleased that our HVAC business has found a home in Lennox, and I believe our cultures of excellence and innovation will produce greater benefits for all."
The acquisition is expected to close in the fourth quarter of 2025, subject to various regulatory approvals. For more details on the acquisition, please visit investor.lennox.com.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient climate-control solutions. Dedicated to sustainability and creating comfortable and healthier environments for our residential and commercial customers while reducing their carbon footprint, we lead the field in innovation with our cooling, heating, indoor air quality, and refrigeration systems. Additional information is available at www.lennox.com. For media inquiries, contact PR@lennox.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lennox-signs-agreement-to-acquire-hvac-division-of-nsi-industries-302531774.html
SOURCE Lennox International Inc.
FAQ
What is the value of Lennox's acquisition of NSI Industries' HVAC division?
When will Lennox complete the acquisition of NSI Industries' HVAC division?
Which brands are included in Lennox's acquisition of NSI Industries?
How will the NSI Industries acquisition benefit Lennox?
What is the geographic reach of the acquired NSI Industries HVAC division?
