- Increases capacity for National Account turn-key installations
and enhances cross-selling.
- Unlocks new value and offerings for customers across a
"front-to-back" HVAC life-cycle solution.
DALLAS, Oct. 25, 2023 /PRNewswire/ --
Lennox (NYSE: LII), a leader in energy-efficient
climate-control solutions, today announced it has completed the
acquisition of AES, a company dedicated to service and
sustainability in the light commercial market.
Across North America, AES
provides installations services, adapter curbs, and reclaim
services. AES will become part of the Lennox Commercial Business
Segment and enable the delivery of "front-to-back" life-cycle
integrated services to AES and Lennox customers.
"AES represents a strong strategic and cultural fit for the
Lennox Commercial segment and is consistent with our growth
strategy," Lennox EVP and President of the Commercial Heating and
Cooling Business Joe Nassab stated. "By adding AES's services to
our already strong portfolio, we have positioned our business to
grow through providing our customers with more capabilities. In
addition, we are thrilled that AES and Lennox share many of the
same core values and we look forward to growing together."
AES President Jason Benton will
join the Lennox Commercial business segment in a leadership role
and will continue to lead the AES business and team of
approximately 280 associates.
"This is an excellent fit for us," said Jason Benton, President of AES. "Our customers
trust us to respond quickly and personally. We are excited for the
opportunity to reach new customers and expand with Lennox
resources."
Terms of the acquisition were not disclosed.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient
climate-control solutions. Dedicated to sustainability and creating
comfortable and healthier environments for our residential and
commercial customers while reducing their carbon footprint, we lead
the field in innovation with our cooling, heating, indoor air
quality, and refrigeration systems. Additional information on
Lennox is available at www.lennoxinternational.com or by
contacting Investor Relations, 972-497-6670,
investor@lennoxintl.com.
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SOURCE Lennox International Inc.