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If the past year was any indication, most plumbing and HVACR business owners must have spent the pandemic planning their exit strategies. I’m unofficially dubbing 2021 the year of the acquisition.
Bradford White Corp. acquired Keltech’s line of tankless electric water heaters; Watts Water Technologies acquired The Detection Group; Autodesk acquired Innovyze; DiversiTech Corp. acquired Fresh-Aire UV; Sioux Chief acquired Sun Drainage and Sigma Corp Trench Drain; Franklin Electric acquired Puronics and New Aqua; Mestek acquired the baseboard assets of Slant/Fin Baseboard; ASC Engineered Solutions acquired Trenton Pipe Nipple Co.; Rheem acquired Friedrich Air Conditioning; Rinnai acquired Industrias MASS; Wilo acquired Quantumflo; and A. O. Smith Corp. acquired Giant Factories to a name a few mergers and acquisitions PM Engineer covered last year.
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