Consolidation trend Sep 2002
Hart & Cooley pursuing serial acquisitions in HVAC niche markets
Hart & Cooley's president stated the Ward acquisition was its second strategic acquisition in 12 months, following American Metal Products, indicating an active buy-and-build/consolidation posture in HVAC niche component markets.
“This is the second strategic acquisition that we have made in the past 12 months. Following our recent acquisition of American Metal Products, Ward provides us with a new and complementary product offering in the residential and commercial construction markets, and is in line with our growth strategies in niche markets.”
Entities
American Metal Products · Target Hart & Cooley Inc. · Platform
HVAC
Source: www.achrnews.com
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