Pentair plc completed its approximately $1.4 billion acquisition of Taco Group Holdings, a maker of hydronic and water-based pumps, valves and controls for HVAC, plumbing and industrial markets, on October 1, 2026.

Pentair agreed to acquire Taco, which will join its Water Solutions segment and keep the Taco brand, with a significant presence in Cranston, Rhode Island. The deal is aimed at high-growth North American end-markets.

Pentair agreed to acquire Cranston, Rhode Island-based Taco Group Holdings, maker of pumps, valves, tanks and heat exchangers, in a deal valued at about $1.4 billion. Closing is expected in Q4 2026, and Pentair says Taco will operate as a stand-alone business.

Pentair plc agreed to acquire Taco Group Holdings, a hydronic and water-based HVAC solutions maker based in Cranston, Rhode Island, for about $1.4 billion, subject to customary adjustments, announced 28 July 2026.

STULZ USA announced plans to construct a new facility of about 300,000 square feet adjacent to its Denton, Texas site opened in 2025, for manufacturing and testing of air-cooled and liquid-cooled cooling solutions. The facility is expected to open in Spring 2027 and create hundreds of jobs.

Alfa Laval is investing in a multi-year expansion of its Richmond, Virginia factory to double heat exchanger production capacity by mid-2028, driven by data center demand.

SPX Technologies completed its acquisition of Crawford United, a Cleveland-based holding company, for an aggregate transaction value of about $300 million. The air-handling segment joins SPX's HVAC business, and non-core aerospace and transportation units are being sold.

Bessemer Investors has completed the sale of Leonard Valve Company, a Cranston, Rhode Island maker of water temperature control valves and mixing systems, to A. O. Smith Corporation. The deal was first agreed in November 2025.

Horton, a cooling solutions manufacturer, is investing $15 million to add 100,000 square feet at its Westminster facility in Oconee County, South Carolina, doubling manufacturing area to increase production of cooling fans and fan clutches.

Modine officially opened a 155,000-square-foot manufacturing facility in Franklin, Wisconsin, to produce Airedale by Modine data center cooling products. It is part of a multi-year USD 100 million investment announced in July, and is expected to create more than 300 jobs by March 2026.

A. O. Smith signed a definitive agreement to acquire LVC Holdco LLC, parent of Leonard Valve of Cranston, Rhode Island, for $470 million all-cash, subject to adjustments, with closing expected in Q1 2026.

Modine announced a $100 million investment over 12-18 months to expand Airedale data center cooling manufacturing at four US sites, including a new facility in the Dallas, Texas area and an expansion in Grenada, Mississippi, with possible repurposing of Performance Technologies sites in Franklin, Wisconsin and Jefferson City, Missouri.

Modine is investing more than $38 million through 2028 to upgrade its Grenada, Mississippi facility and expand data center chiller manufacturing, expected to create more than 450 jobs. Chiller production is expected to begin later this summer.

Wessels Company broke ground on a 57,000+ sq ft factory in Tiffin, Ohio, leased by National Machinery Group to Wessels East for pressure vessel manufacturing. Completion and manufacturing start are projected for November 2025 and about a dozen jobs are planned, rising to nearly 30 more.

Modine announced $180 million in orders for Airedale by Modine data center cooling systems from a new customer, a leading AI infrastructure developer. The products will be manufactured in Rockbridge, Virginia and Grenada, Mississippi, with delivery through the first half of 2026.

Fairbanks Morse Defense's Ohio unit American Fan received multiple purchase orders to supply cooling and ventilation fans for ten Flight III Arleigh Burke destroyers, via shipbuilder Ingalls Shipbuilding. Fans are made in Fairfield, Ohio.

Mitsubishi Electric is investing $143 million to retrofit its Maysville, Kentucky factory to make variable-speed heat pump compressors, with production expected from October 2027 and an estimated capacity of 1,000,000 compressors per year. The US Department of Energy awarded $50 million to MELCO HVAC US for the project.

Mitsubishi Electric established MELCO HVAC US, Inc. under its US holding company to convert a Mitsubishi Electric Automotive America plant in Maysville, Kentucky into a compressor factory. The investment is about $143.5 million, with production planned to start in October 2027 at a capacity of 1 million units per year.

Mitsubishi Electric will invest US$143.5 million to retrofit its Maysville, Kentucky factory to make variable-speed heat pump compressors, with production targeted for October 2027 and initial annual capacity of 1,000,000 compressors. The U.S. Department of Energy is providing a $50 million award.

Copeland and Daikin announced a joint venture to bring Daikin's inverter swing rotary compressor technology to the U.S. residential HVAC market, expected to be operational in the first half of 2025 pending approvals. The companies intend to establish a North American manufacturing facility in the future.

HVAC maker AAON will occupy the former American Snuff facility in Memphis, Tennessee, to produce data center thermal management equipment, investing $238 million and creating 828 jobs over five years.

Aspen Pumps Group acquired Malco Tools, Inc., a Minnesota manufacturer of tools for the HVAC and building construction industries. Malco becomes the North American headquarters of Aspen, and its CEO takes over as CEO of Aspen Pumps Group North America.

Danfoss Turbocor completed Project Horizon, its largest expansion in Tallahassee, Florida, including a new 145,000 sq ft manufacturing facility built by Sperry Construction. The $60 million project will let Danfoss make over 14,000 compressors per year, doubling current capacity.

Bitzer Scroll will use a federal grant of more than $5 million from the U.S. Department of Energy to increase production of scroll compressors for electric heat pumps at its DeWitt, New York factory. The firm has committed nearly $6 million in matching investment and plans to create 20 jobs.

Emerson announced on August 13, 2024 that it completed the sale of its remaining 40% interest in the Copeland joint venture to private equity funds managed by Blackstone, in a transaction valued at approximately $3.5 billion.

Mitsubishi Electric US plans to invest $143.5 million to repurpose its existing Maysville, Kentucky facility to produce heat pump compressors, the first U.S. factory for twin-rotary variable capacity compressors. The project is expected to create 122 new jobs.

MAN Energy Solutions will supply a large-scale heat pump system with two 12.5 MW compressors to Scout Motors for its electric vehicle plant in Blythewood, South Carolina. The plant, part of a multi-billion Volkswagen investment, is designed for over 200,000 vehicles a year.

HVAC equipment distributor JMP will consolidate its Greensboro operations into a new facility in Guilford County, North Carolina, investing $30 million and creating 40 jobs over five years.

Danfoss Turbocor opened a new 145,000 square foot production facility in Tallahassee, Florida, for oil-free magnetic bearing compressors. The $62 million investment doubles current compressor capacity and will create local jobs.

Danfoss Turbocor opened a 145,000 sq ft production facility in Tallahassee, Florida, built with a $62 million investment. The plant makes TTS/TG/TH Turbocor compressors and doubles the company's current capacity.

Danfoss Turbocor celebrated the opening of a new 145,000 square foot production facility in Tallahassee, doubling its manufacturing capacity for oil-free compressors. The $62 million investment is expected to create jobs in the area.

Vessco Water, based in Minneapolis, acquired G.A. Fleet Associates, a New York distributor of pump and process treatment equipment for municipal water and HVAC equipment for commercial markets, based in Rye Brook, New York.

Danfoss Turbocor opened an expanded production facility in Tallahassee, Florida in May 2024, doubling its manufacturing capacity for oil-free magnetic bearing compressors.

Thermal management firm Modine will invest $18.1 million to expand its Rockbridge County, Virginia operation, adding 211 jobs to increase production of data center cooling equipment.

American Event Services closed its acquisition of Riverview, Florida-based Canariis Corporation, a maker of packaged HVAC, plumbing and fire-protection systems. Canariis becomes a wholly owned subsidiary of AES.

Gradient, a startup making window-mounted heat pumps, is in line for $17.5 million in federal funding to establish a Michigan plant employing about 300 people with capacity of 100,000 units a year. The final contracts have not yet been signed.

Johnson Controls plans to expand heat-pump manufacturing at three U.S. plants with more than $33 million in federal funding plus matching funds, pushing output above 200,000 units a year and creating close to 1,000 jobs. Final contracts with the Department of Energy were not yet signed.

Copeland will receive $11,488,975 in federal funding to increase production of heat pump compressors and hydronic systems at four manufacturing locations in Ohio, Missouri and Wisconsin, plus suppliers in several states.

Bard Manufacturing will receive $9,208,605 in federal funding to expand its Madison, Georgia facility, adding fabrication capacity and a new heat pump assembly line.

Armstrong International received $5,083,719 in federal funding to add 29,000 square feet to its Three Rivers, Michigan facility for manufacturing industrial heat pumps.

The US Department of Energy will provide Mitsubishi Electric US $50 million to establish a heat pump compressor factory in Kentucky. The funding is part of a $169 million package for heat pump manufacturing projects.

Munters received an order worth $137m from a leading US data centre colocation operator for SyCool Split dry cooling systems and field service. Delivery is scheduled for 2025.

Zilmet plans to open its first U.S. manufacturing facility in Georgetown County, South Carolina, investing $32.7 million and creating 50 jobs. Phase one is expected to be completed in 2024, with production starting in 2025.

Hanon Systems will invest nearly $170 million and create 600 jobs by establishing a new manufacturing facility in Huntington Park, Loudon County, Tennessee. The plant will supply thermal solutions for electrified vehicles to North American automakers.

AAON announced a $40 million expansion adding a 230,000-square-foot building to its Longview, Texas plant to increase production and coil capacity, with about 250 new full-time jobs. Groundbreaking is scheduled for July 18, 2023.

Johnson Controls announced its acquisition of M&M Carnot, a maker of CO2-based industrial refrigeration equipment with low GWP, based in Annapolis, Maryland and Trois Rivières, Quebec. Announced June 2023.

Blackstone funds completed the acquisition of a majority stake in Emerson's Climate Technologies business, valued at $14.0 billion, which will be renamed Copeland. Emerson receives about $9.7 billion in upfront proceeds and keeps 40% common equity.

Korean automotive thermal management maker Hanon Systems announced a $40 million factory in Statesboro, Georgia, to supply HVAC parts to Hyundai and Kia near Hyundai's EV plant, hiring at least 160 people with operations targeted for May 2024.

Canadian HVAC-R distributor The Master Group announced the acquisition of Refrigeration Sales Corporation (RSC), an Ohio-based distributor serving Ohio and Western Pennsylvania. RSC will keep operating independently under its current management team.

PDM US announced a $18.5 million investment to expand its Rock Hill, South Carolina production facility, which will become its world headquarters and create 25 new jobs, with completion expected by April 2023.