|
|
 |
| |
| HVAC
INDUSTRY NEWS |
MARS Acquires Heat Controller, Inc.
Two Respected Companies Unite to Become the Most
Comprehensive Industry Supplier of HVAC/R Parts and
Equipment.
MARS, a leading commercial and residential HVAC/R motors
and components supplier, today announced that it has
made a strategic acquisition of Heat Controller, Inc., a
leading commercial and residential HVAC equipment
supplier. As a result of the acquisition, the MARS
Company will become the most comprehensive industry
supplier of HVAC/R parts and equipment.
“MARS knows motors and components. Heat Controller knows
equipment. The partnership is a natural fit.”
.
According to Edward Chernoff, President and CEO of MARS,
the acquisition represents MARS’s commitment to
anticipate the needs of the marketplace and proactively
invest in creating additional value for the customer.
“This acquisition is a merger of equals. Two reputable
companies are aligning in order to better serve HVAC/R
customers, suppliers, and contractors,” he said. “MARS
knows motors and components. Heat Controller knows
equipment. The partnership is a natural fit.”
In addition to the inherent synergies between parts and
equipment, the acquisition also makes sense from a
cultural perspective. Chernoff explained that the
companies share similar core values. “The dedication of
our people, our unwavering commitment to service, and
the quality of our products have made MARS the company
it is today,” he said. “Heat Controller shares this same
dedication and commitment to quality people, products,
and service.”
Story
continues below ↓
|
advertisement |
your ad here
|
Although
the two business divisions will operate independently
under the MARS Company entity, Chernoff says the
acquisition lends itself to unlimited opportunities for
future collaboration and growth. “Both companies have a
rich history of success, as well as extensive HVAC/R
industry expertise,” he said. “We look forward to
utilizing this combined knowledge and expertise to
deliver additional value to our customers.”
Don Peck, CEO of Heat Controller, agrees. “These are
exciting times for Heat Controller, and we believe the
merger into the MARS family will be a perfect fit going
forward,” he said. “Heat Controller will continue to
operate from Jackson, Michigan, and Guelph, Ontario,
with the same dedicated employees and management. Our
goal is to make this transition transparent to our
customers and to continue to serve them as we have in
the past.”
About MARS
Founded in 1946, Motors and Armatures (d.b.a. MARS) is a
family-owned and operated supplier of quality motors,
components, and service/installation parts for the
HVAC/R industry. The company distributes its own
extensive MARS and JARD branded aftermarket replacement
products, as well as the original equipment components
of leading manufacturers. MARS is headquartered in
Hauppauge, NY, and operates distribution facilities in
Earth City, MO, and Mississauga, Canada.
About Heat Controller, Inc.
For more than 75 years, Heat Controller, Inc. has earned
its reputation as THE SOURCE for residential and
commercial heating, cooling, and dehumidification
equipment. The company markets its products under the
ComfortAire and Century brand names in the United States
and under the ComfortAire by Aiton’s brand name in
Canada.
###
|
|
|
|
|
