Mergers & Acquisitions
Original Press Release
Johnson Controls Acquires Five YORK® Branches from M&A Supply Co. Inc.
Press release date: March 13, 2017
Branches become part of Source 1™ HVAC Supply Network; allow company to accelerate growth in South Carolina, Georgia and Florida markets
MILWAUKEE – (March 13, 2017) – Johnson Controls has acquired M&A Supply Co. Inc.’s five successful YORK® branches in the southeast markets of South Carolina, Georgia and Florida, the companies announced today. The branches will become part of the Source 1™ HVAC Supply network which is the Unitary Products Group Factory Direct distribution organization.
“This acquisition is in line with our growth strategy and will allow us to accelerate the growth in these key HVAC markets,” said Liz Haggerty, vice president and general manager, Unitary Products Group, Johnson Controls. “It will also allow M&A to focus on its core markets of Tennessee and Alabama and continue to grow the YORK® brand by expanding its network in those markets.”
Source 1™ is the YORK® distributor of factory authorized service parts and residential accessories for all Johnson Controls Unitary Products residential and light commercial HVAC equipment in other key markets in the U.S.
“This is an exciting time for us as we continue to invest in new products and ensure that we have the strongest channels to drive market share growth,” said Dave Smithey, vice president and general manager of Source1 HVAC Supply Centers, Unitary Products Group, Johnson Controls.
Johnson Controls is committed to making this transition as seamless as possible for its valued customers in the market and is excited to welcome the M&A Supply Co. Inc. employees to the Johnson Controls family.
YORK® products from Johnson Controls include energy-efficient, residential central air conditioners, heat pumps, furnaces and accessories, and innovative light-commercial, packaged heating and cooling systems marketed through a national distribution network and delivered to home-and building-owners through qualified YORK heating and cooling contractors. For more information about YORK, visit www.YORK.com.
About Johnson Controls
Johnson Controls is a global diversified technology and multi industrial leader serving a wide range of customers in more than 150 countries. Our 130,000 employees create intelligent buildings, efficient energy solutions, integrated infrastructure and next generation transportation systems that work seamlessly together to deliver on the promise of smart cities and communities. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. We are committed to helping our customers win and creating greater value for all of our stakeholders through strategic focus on our buildings and energy growth platforms. For additional information, please visit http://www.johnsoncontrols.com.
About Johnson Controls’ Building Technologies & Solutions
Johnson Controls’ Building Technologies & Solutions has an unmatched portfolio of HVACR products and solutions to create more comfortable, safe and efficient buildings. Operating in more than 150 countries through a strong network of distribution channels, Building Technologies & Solutions’ breadth of offerings help building owners, operators, engineers and consultants impact the full lifecycle of a building. Its market leadership is established through trusted brands such as YORK®, Sabroe® and Metasys® as well as its smart building integration capabilities and energy financing solutions. For more information, visit www.johnsoncontrols.com.
Public Relations Program Manager
Building Technologies & Solutions, Johnson Controls
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