United States. Lennox International Inc. NSI Industries today announced the signing of a definitive agreement to acquire NSI Industries' HVAC division from Sentinel Capital Partners for approximately $550 million.
The operation includes well-known brands such as Duro Dyne and Supco, as well as other critical components and accessories for the HVAC industry. With this acquisition, Lennox seeks to expand its spare parts and supplies portfolio, strengthening its digital and distribution capabilities throughout North America.
"This acquisition strengthens our ability to offer complete solutions throughout the lifecycle to residential and commercial customers, and reinforces our position as an end-to-end partner to the HVAC industry," said Alok Maskara, CEO of Lennox.
Duro Dyne is recognized as a leading manufacturer of critical HVAC/R components and accessories, while Supco stands out for its portfolio of spare parts focused on the needs of technicians. Both companies have manufacturing and distribution sites in the United States and Canada.
"My teammates and I are excited to join Lennox," said John MacQuarrie, president of NSI Industries' HVAC division.
"The resources provided by Lennox will help us ensure the legacy of success we have built over more than 70 years together with our collaborators and channel partners. We are pleased that our HVAC business has found a home at Lennox, and I believe our cultures of excellence and innovation will generate greater benefits for all."
The closing of the acquisition is expected in the fourth quarter of 2025, subject to regulatory approval.
