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Add-on acquisition Oct 2024 · Phoenix, Arizona / Southwest USA Verified

Daikin Applied makes majority investment in Varitec Solutions

Daikin Applied made a majority investment in (and refers to acquiring) Phoenix-based commercial HVAC firm Varitec Solutions, a long-time Daikin representative in the Southwest U.S. Chris Carlson continues as president.

“Daikin Applied announced that it has made a majority investment in Varitec Solutions, a Phoenix-based leader in designing, developing and installing large-scale, energy-efficient HVAC systems for commercial buildings.”

Entities

Daikin Applied · Acquirer Varitec Solutions · Target
HVAC Sentiment: Positive
Source: www.achrnews.com

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.