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Add-on acquisition Jan 2022 · Michigan and Pennsylvania Verified

Daikin Applied takes majority stakes in ThermalNetics and TriState HVAC Equipment

Daikin Applied Americas made majority investments in two of its current manufacturer representatives, Detroit-based ThermalNetics and Pennsylvania-based TriState HVAC Equipment, bringing both into the Daikin Group.

“Daikin Applied Americas announced it has made majority investments in two of its current equipment, services, and parts representatives: Detroit-based ThermalNetics, and TriState HVAC Equipment in Pennsylvania, which serves customers in Philadelphia and the surrounding tri-state area.”

Entities

Daikin Applied Americas · Acquirer ThermalNetics · Target TriState HVAC Equipment · Target
HVAC

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.