Lennox, a leader in the field of energy-efficient climate control solutions, has entered into a definitive agreement to acquire the HVAC division of NSI Industries from Sentinel Capital Partners for approximately $550 million.
This strategic acquisition encompasses renowned brands such as Duro Dyne and Supco, significantly enhancing Lennox’s already impressive portfolio of HVAC parts and supplies.
Duro Dyne stands out as a leading manufacturer of vital components for HVAC/R systems, known for its innovative and reliable products that are essential for efficient climate control. Meanwhile, Supco specializes in providing high-performance, technician-focused parts that cater to the needs of professionals in the industry.
This acquisition is expected to enhance Lennox’s digital platform and distribution capabilities across North America, positioning the company for increased market reach and enhanced service delivery.
The deal is expected to be finalized in the fourth quarter of 2025, contingent upon obtaining necessary regulatory approvals.
KEY QUOTES:
“This acquisition strengthens our ability to deliver complete lifecycle solutions for residential and commercial customers and reinforces our position as a one-stop partner for the HVAC industry. By adding trusted heritage brands including Duro Dyne and Supco into our portfolio, we are responding to the needs of our customers who have asked for a broader parts and supplies offering. As a company, Lennox just celebrated 130 years of HVAC innovation, and I look forward to welcoming the new employees from this acquisition as we come together to further transform the North American HVAC industry.”
Alok Maskara, Chief Executive Officer of Lennox
“My team members and I are excited to join Lennox. The resources Lennox brings us will help us ensure our legacy of success, built over 70+ years by our team members and channel partners, continues. We are pleased that our HVAC business has found a home in Lennox, and I believe our cultures of excellence and innovation will produce greater benefits for all.”
NSI Industries HVAC President John MacQuarrie
