ACR-News

USA: Lennox International plans to sell its residential and small commercial air conditioning and heating contracting business.
Lennox Service Experts currently consists of dealer-contractors providing heating and cooling equipment installation and service primarily to the residential market. Lennox National Account Services (NAS), its commercial service business, will not be included in the sale.

Revenue for the Service Experts business segment was $529m in 2011, $80 million of which was from the NAS business.

'Lennox International is affiliated with thousands of independent dealer-contractors serving the residential market across North America with our Lennox and Allied brands of equipment,' said chairman and ceo Todd Bluedorn.

'Service Experts consists of 108 dealer-contractor branches, and strategically, it is not necessary for these to be owned by the company. With the recovery in the North American residential market this year and the interest from potential acquirers, we are planning to sell this business as well as establish a supply agreement for our equipment with the future owner of Service Experts.'