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Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. [2] Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry.
The acquisition was carried out by Ardutch BV, a subsidiary of Arçelik, which purchased United Refrigeration (Private) Limited and Dawlance (Private) Limited from Bashir and Mariyam Dawood for $148 million, and Dawlance Electronics (Private) Limited from Pan Asia Equity Limited, based in the British Virgin Islands, for $94 million. [8] [9]
A wholly owned subsidiary of United Technologies Corporation, UTC Climate, Controls & Security was a $16.7 billion company with 55,000 employees serving customers in more than 180 countries. [5] In 2020, United Technologies spun off this subsidiary into the independent Carrier Global Corporation.
Vertiv began as Capitol Refrigeration Industries, established in 1946 by Ralph Liebert (1918-1984) in Columbus, Ohio.Liebert developed the first prototype precision air conditioner in his garage.
United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. [1] It researched, developed, and manufactured products in numerous areas, including aircraft engines , aerospace systems, HVAC , elevators and escalators , fire and security , building automation, and industrial products ...
The company remained a wholly owned subsidiary until 1981, when it became a division of Liebert Corporation upon the company's initial public offering. [4] In 1980, Liebert built a major manufacturing facility in Delaware, Ohio. [5] That year, Ralph Liebert's son, Larry L. Liebert (1945-2023) took over management of the company. [6]
Carrier Global Corporation is an American multinational heating, ventilation, and air conditioning (HVAC), refrigeration, and fire and security equipment corporation based in Palm Beach Gardens, Florida. Carrier was founded in 1915 as an independent company manufacturing and distributing HVAC systems, and has since expanded to include ...
The Air Conditioning, Heating, and Refrigeration Institute (AHRI), formed in 2008 by a merger of the Air-Conditioning and Refrigeration Institute (ARI) and the Gas Appliance Manufacturers Association (GAMA), is a North American trade association of manufacturers of air conditioning, heating, and commercial refrigeration equipment. [1]
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