U.S. heating and cooling equipment maker Lennox International Inc (LII) announced on Thursday that it has signed a definitive agreement to acquire HVAC equipment supplier Heat Controller, adding the Comfort-Aire and Century brands to its portfolio. The financial terms of the deal were not disclosed.
The deal will expand Lennox's offerings to small and mid-size HVAC distributors across North America, the Dallas-based company said.
Heat Controller serves distributors through its Comfort-Aire and Century brands. Lennox said the acquisition would broaden its share in the North American HVAC market.
The transaction is expected to close later this year.
On the NYSE, shares of Lennox closed Wednesday's trading 2.31 percent lower at $516.11
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.