#USA #Dallas #Lennox #NSI Industries #HVAC Division

Lennox Signs Agreement to Acquire the HVAC Division of NSI Industries

In a strategic move aimed at solidifying its leadership in the HVAC sector, Lennox International Inc. has officially entered into a definitive agreement to purchase the HVAC division of NSI Industries. This acquisition, valued at approximately $550 million, is expected to bring notable enhancements to Lennox's offerings, particularly within the commercial and residential HVAC customer segments.

The HVAC division of NSI Industries includes esteemed brands such as Duro Dyne and Supco, both recognized as leaders in manufacturing critical components and accessories for the HVAC industry. By acquiring these brands, Lennox will expand its already diverse portfolio of parts and supplies, allowing for a more comprehensive service to its customers across North America.

"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," says Alok Maskara, CEO of Lennox. The transaction is anticipated to finalize in the fourth quarter of 2025, pending various regulatory approvals, marking a significant milestone for both companies involved.

Enhancements to Product Offerings

The acquisition of NSI’s HVAC division will allow Lennox to integrate a robust portfolio of products that aligns well with its current offerings. Duro Dyne is well-known for its crucial HVAC/R components, while Supco provides high-performance parts tailored for technicians, enhancing their overall service experience. This expanded array of products will not only benefit Lennox’s direct customers but will also create a more efficient supply chain and distribution model.

Official statements from both companies reflect a mutual enthusiasm for the partnership. John MacQuarrie, President of NSI Industries HVAC, expressed excitement about joining Lennox, stating that the resources available from Lennox will support continuing their legacy of providing high-quality HVAC solutions built over the past 70+ years. John emphasized the cultural alignment between the two businesses, anticipating that their shared commitment to excellence will yield substantial benefits for the industry.

Background on Lennox

Celebrating over a century in business, Lennox has positioned itself as a pioneer in energy-efficient climate control solutions, focusing on sustainability and innovation in its heating, cooling, and refrigeration systems. Their dedication to customer needs remains at the core of their operations as they seek to enhance overall living conditions while reducing environmental impacts.

Lennox's operations extend across the USA, and with the addition of NSI’s renowned brands to its portfolio, the company is set to elevate the customer experience to new heights. As Lennox continues to evolve, both its legacy and future advancements in the HVAC industry look promising, potentially setting new standards for quality and service excellence.

In light of this acquisition, Lennox maintains its commitment to providing cutting-edge climate control solutions while ensuring sustainable practices. This strategic move not only reflects the company's growth ambitions but also indicates its readiness to embrace the changing landscape of the HVAC market.

For further details on this acquisition and other corporate developments, Lennox provides updates via its investor relations portal at investor.lennox.com.