Stelpro Group and Innovair Solutions — two family-owned HVAC solutions providers based in Quebec — have formed a “strategic alliance” that the firms said will leverage their combined expertise, manufacturing and distribution capabilities.
Their joining brings together a combined 16 manufacturing and distribution locations across four countries for electric heating and HVAC solutions. Both companies provide a range of thermal comfort and indoor air quality solutions for residential, commercial, industrial and institutional markets under 15 brands combined.
Stelpro has over 600 employees at five locations in two countries; has over 475,000 square feet of manufacturing and warehouse space; and sells over 11.1 million heating units and 500,000 electronic controls under five brands.
Meanwhile, Innovair has over 500 employees across 11 operating sites in three countries. It has 500,000 sq. ft. of production and warehouse space, and more than 1 million heating units sold annually under 10 brands.
Martin Beaulieu and Yves Chabot will jointly assume the chairmanship of the board of directors of this new alliance, while the management of the Stelpro and Innovair Solutions Groups will be under the respective leadership of CEOs Pierre Huard and Louis Beaulieu.
“I am convinced that the alignment of our values and complementary strategies will keep innovation at the heart of our actions and products. Our goal is to expand our product line for the benefit of our customers and business partners, while consolidating our presence in the U.S. market,” Martin Beaulieu explained in a May 8 news release.
“I am enthusiastic about the potential synergies of expertise, resources and technologies resulting from this alliance,” Chabot added. “This will enable us to seize the opportunities offered by the evolving HVAC market that has been driven by the energy transition. Together, we will be able to offer integrated solutions for thermal comfort and air quality, promoting efficient energy management in buildings.”
Related Posts
-
Steven Leavengood will lead supply chain consulting firm Tompkins' business development and sales team.
-
Carmen Zinner brings 25 years of management experience to Tompkins Solutions, along with expertise in…
-
Randall Hudspeth will helm Marcone Group's growing HVAC division, which encompasses 12 distributors with 103…