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Consolidation trend Dec 2021 · USA Verified

Daikin in high-growth acquisition period (Stevens, Robinson, ABCO)

The Thermal Supply/AirReps deals are part of a sustained Daikin acquisition spree that began Nov 2020 with Stevens Equipment Supply, followed by Robinson Plumbing & Heating Supply and ABCO HVACR Supply + Solutions in early 2021.

“The acquisitions are the latest in a period of high-growth activity for Daikin that began in November 2020 with theacquisition of Stevens Equipment Supply, LLC. In January of 2021, Daikin announced the acquisition of Robinson Plumbing & Heating Supply Co., Inc., and the acquisition of an HVAC distributor in the New York metropolitan area, ABCO HVACR Supply + Solutions.”

Entities

ABCO HVACR Supply + Solutions · Target Daikin North America LLC · Acquirer Robinson Plumbing & Heating Supply Co., Inc. · Target Stevens Equipment Supply, LLC · Target
HVACPlumbing

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