Lennox to acquire HVAC division of NSI Industries for $550M

Lennox (LII) has signed a definitive agreement to purchase the HVAC division of NSI Industries from Sentinel Capital Partners for approximately $550M. This HVAC platform includes Duro Dyne, Supco, and other leading critical component and accessories brands. Duro Dyne and Supco offer a product portfolio of HVAC parts and supplies that complement Lennox’s current residential and commercial HVAC products with distribution and manufacturing sites across the USA and Canada. Duro Dyne is known as a manufacturer of mission-critical HVAC/R components and accessories. The acquisition is expected to close in Q4, subject to various regulatory approvals.