AE Industrial Partners signed a definitive agreement to sell portfolio company Resolute Industrial, a North American provider of specialty HVAC&R rental services and compressor remanufacturing, to Aggreko for a transaction value of $440 million on a cash-free, debt-free basis.

Michigan Automotive Compressor Inc. plans to spend $82 million to retain 241 jobs by installing production lines for electric vehicle parts at its Parma-area factory west of Jackson, Michigan. Production of the new parts is expected to begin in December 2024.

Ziehl-Abegg is investing 100 million euros in a new 46,500 m2 US production plant in Winston-Salem, North Carolina, expected ready for occupancy in 2024, with the existing Greensboro site relocated there in 2025.

Michigan Automotive Compressor (MACI), a Toyota Industries and DENSO joint venture, plans a $82 million investment to install new production processes at its Parma facility to produce electric vehicle technology products, retaining 241 jobs.

Rheem announced a $20 million expansion of its Fort Smith plant, adding 100 jobs and production capacity, along with a training and innovation center.

Lancaster-based private equity firm Peak Capital acquired Penn Pump & Equipment, a Hatfield manufacturer and distributor of plumbing and HVAC pumping products, as reported on October 31, 2022.

Blackstone agreed to acquire a majority stake in Emerson's climate technologies unit, which makes Copeland compressors, in a deal valuing the business at about $14 billion, with Emerson receiving about $9.5 billion in pretax proceeds and keeping a 45% stake.

Airxcel broke ground on a 125,000-square-foot expansion of its Maxxair and Coleman-Mach facility in Wichita, Kansas, to centralize RV air conditioner production and warehousing. Phase 2 office expansion is set to begin in 2023.

Munters relocated operations from Buena Vista, Virginia to a new 34,000 m2 factory in Daleville, Virginia with twice the manufacturing capacity and more than 150 new jobs, its largest plant in the Americas.

CAREL Industries, via a subsidiary, signed a binding agreement to acquire the business of SENVA Inc., a Beaverton, Oregon maker of sensors for HVAC and indoor air quality. Closing is expected by end of October 2022.

T/CCI Manufacturing will convert a 200,000-square-foot former Borg-Warner factory in Decatur, Illinois into a center making cooling devices for electric vehicles, with more than $20 million of investment and 50 added jobs. The company will also set up a climate innovation center with Richland Community College.

Chemours is increasing its Opteon YF ultra-low GWP refrigerant production by 40% at its Ingleside, Texas facility through an $80 million project. The expansion is aimed at meeting growing customer demand.

Modine Manufacturing has begun full-scale production of data center chillers at its new facility in Rockbridge, Virginia, operating under the Airedale by Modine brand.

M&M Carnot has begun building industrial transcritical CO2 refrigeration systems in a new leased 25,000 sq ft factory in Federalsburg, Maryland, with a further 25,000 sq ft planned.

Emerson completed a multimillion-dollar expansion of its engineering facility in Sidney, Ohio, adding 110,000 square feet of lab space for compressor and HVACR research and testing.

Alliance Compressors is investing $45 million over two years to expand its compressor assembly facility in Natchitoches, Louisiana. The announcement was made in February 2022.

XNRGY, a custom air handling manufacturer, announced a new 1 million-square-foot manufacturing facility in the Greater Phoenix area that will serve as its U.S. headquarters. The estimated $300 million investment is expected to create more than 900 jobs over time.

Honeywell is expanding its Baton Rouge, Louisiana facility to double the capacity of its ultra-low global warming potential Solstice ze product. The product is used in foam insulation, propellants, refrigeration and air conditioning.

Startup 86 Pearson Lane will establish its first manufacturing location in Lexington, Tennessee, investing $16 million and creating 155 jobs. The company will buy the Ayers Building and expand the facility by 60,000 square feet, with operations expected in early 2022.

Emerson completed a $100 million expansion and renovation of its Copeland engineering facility in Sidney, Ohio, adding 110,000 square feet of engineering lab space for compressor and HVACR technology development.

Armstrong International completed its acquisition of Leslie Controls' control valve and steam water heater business during Q3 2021. The deal expands Armstrong's product range and global channel network.

Danfoss broke ground on a new 167,000 sq ft Turbocor manufacturing facility in Tallahassee, Florida, which will triple the unit's current manufacturing capacity, with completion scheduled for early 2023.

PDC Machines has signed the lease on a new 148,000 square foot plant in Lower Salford, Pennsylvania to scale up production of diaphragm gas compressors for hydrogen refuelling stations, with capacity of thousands of units per year.

Kelvion Inc. will expand its operations at Forks of the River Valley Industrial Park in Knoxville, Tennessee, with a $3.8 million project expected to create 74 jobs. Production of heat exchangers for refrigeration and data center markets will increase.

The Massachusetts Higher Education Consortium awarded Noble a contract to supply motors, pumps, compressors, controls and HVAC products and services to members across New England, effective September 1, 2021 to August 31, 2024.

Emerson completed a multimillion-dollar expansion of its Copeland engineering facility in Sidney, Ohio, adding 110,000 square feet of lab space for compressor research and development.

Modine Manufacturing will invest $7 million to convert a former warehouse in Rockbridge County, Virginia into a plant making data center cooling solutions. The operation is expected to create 60 new jobs after full ramp-up.

Systemair is adding production of Topvex energy recovery ventilators at its Lenexa, Kansas plant, creating up to 15 new full-time jobs. Production there starts by early May 2021 alongside existing output in Canada.

Johnson Controls Federal Systems has been awarded a $91 million project by the U.S. General Services Administration to upgrade HVAC, lighting, water and energy management systems in landmark federal buildings, with work over the next three years.

DunAn Microstaq expanded its modular silicon expansion valve (MSEV) family to cover cooling capacities from under 1 to 50 tons for R-410A and low-GWP refrigerants. The family has three capacity ranges, with fast-response MEMS piloting for HVAC/R systems.

Munters Group AB will invest $36 million in a 365,000 sq ft facility at Botetourt Center at Greenfield, Virginia, to replace its Buena Vista plant. The company plans to retain its approximately 200 workers.

Spanish company Oliva Torras has acquired 100% of BSI, which designs and makes compressor mounting equipment for refrigerated vehicles and buses near Dallas, Texas. BSI has about 50 employees and annual sales of about 10 million euros; the price was not disclosed.

Fluidra completed the acquisition of substantially all assets of Built Right, a heat pump manufacturer in Punta Gorda, Florida. Built Right will continue to operate from its headquarters.

Korean HVAC products supplier Dongwon Tech Corp. is investing $700,000 to open an advanced manufacturing facility and sales office in Hall County, Georgia, creating 40 jobs.

Danfoss Turbocor Compressors will add a new 65,000 to 90,000 square-foot manufacturing and R&D facility at Innovation Park in Tallahassee, Florida. The $48 million project is expected to create about 239 high-wage jobs.

Nortek Global HVAC announced a $3 million investment to modernize its Dyersburg, Tennessee plant and add a production line for data center air handling units.

Cummins-Wagner finalized its acquisition of F.R. Mahony & Associates, a Rockland, Massachusetts water and wastewater manufacturer's representative and distributor, effective October 29, 2020. All FRMA employees transferred to Cummins-Wagner's employee stock ownership plan.

Parker Hannifin's HVAC Filtration Division announced a multi-year investment in its existing Jeffersonville, Indiana facility to increase manufacturing capacity for HEPA and medical filters. The investment is supported by the River Ridge Development Authority and the Indiana Economic Development Corporation.

DiversiTech Corporation is opening a concrete manufacturing plant in Leesburg, Lake County, Florida, with an investment of over $2 million and a commitment to create at least 25 jobs.

Trane Technologies spun off its industrial business, which combined with Gardner Denver to form the new Ingersoll Rand in a deal valued at $15 billion; the transaction has been completed.

Horton is opening a 112,000-square-foot engine cooling plant in the Oconee Industry and Technology Park in Westminster, South Carolina, with an early-May 2020 opening and plans to grow staff from 10 to 125 within five years.

Alfa Laval acquired Niagara Blower Company, a Buffalo, New York maker of engineered-to-order heat transfer products such as air-cooled heat exchangers, on May 29, 2013. The company has about 120 employees.

Uponor, Inc. is expanding its Apple Valley, Minnesota manufacturing facility with an investment of EUR 16 million ($18 million), adding about 8,175 m2 of manufacturing and office space with equipment.

Aprilaire, an indoor air-quality manufacturer, completed a $10 million warehouse at its Poynette facility and continues to expand there. The article reports the warehouse adds about 346,000 square feet of space.

Navien, Inc., the US subsidiary of Seoul-based KD Navien, will invest $77.5 million to establish its first US manufacturing and assembly plant in a former Lumber Liquidators facility in James City County, Virginia, creating 180 jobs.

Danfoss plans to close its Arkadelphia, Arkansas manufacturing facility by the end of 2020, affecting 170 employees, citing decreasing market demand for small capacity scroll compressors.

Danfoss Commercial Compressors will close its Arkadelphia, Arkansas plant by the end of 2020 because of declining demand for small scroll compressors, affecting about 170 employees. Production will be consolidated elsewhere.

Ventilation systems maker VES is planning a $9 million expansion in Chippewa Falls, Wisconsin, including a 114,000 square foot facility with research and development and production jobs. The company bought a 12.4-acre parcel in the Lake Wissota Business Park and a groundbreaking is scheduled for December 14.

JB Industries, an Aurora, Illinois maker of HVAC/R tools, has completed its acquisition of C&D Valve of Oklahoma City, Oklahoma. Both brands will continue to operate independently.

Johnson Controls announced it acquired Synchrony, a Roanoke, Virginia developer of active magnetic bearing technology, from Siemens Gas and Power. The deal closed November 1, 2019 and will improve its centrifugal chiller products.