Lennox Completes Acquisition of AES to Bolster Company Growth
AES provides installations services, adapter curbs, and reclaim services across North America and will become part of the Lennox Commercial Business Segment, enabling the delivery of "front-to-back" life-cycle integrated services to AES and Lennox customers.
Lennox Commercial Business Segment HVAC Lifecycle Capabilities with AES Acquisition.
Richardson-based Lennox, a leader in energy-efficient climate-control solutions, completed the acquisition of Virginia-based AES, a company dedicated to service and sustainability in the light commercial market, the company announced in October.
Terms of the acquisition were not disclosed.
AES provides installations services, adapter curbs, and reclaim services across North America and will become part of the Lennox Commercial Business Segment, enabling 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 said in a statement. “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.”
The company said that 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 roughly 280 associates.
“This is an excellent fit for us,” Benton said in a statement. “Our customers trust us to respond quickly and personally. We are excited for the opportunity to reach new customers and expand with Lennox resources.”
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