Chicago-based HVAC distributor Temperature Equipment Corp. has purchased Excelsior Manufacturing & Supply, an HVAC distributor and sheet metal manufacturer.
Terms of the sale were not disclosed.
Excelsior is a privately owned, 128-year-old business with operations in
Illinois, Indiana, Kansas, Missouri and Minnesota, and will continue to operate
independently and separately from Temperature Equipment Corp. Its seven
branches include a facility in Brookfield, Mo., that manufactures sheet metal
components for air-distribution systems.
“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. It’s a great fit.”
Continuing operations as National Excelsior Co., 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, said the manufacturer.
“Excelsior has a very strong history of taking care of its customers,” Marino
said. “We are going to make it even stronger.”
Temperature Equipment buys HVAC distributor
December 1, 2008