Lennox Acquires AES To Expand Commercial HVAC Services; Terms Of The Acquisition Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Lennox (NYSE:LII) has completed the acquisition of AES, a company providing installations services, adapter curbs, and reclaim services in the light commercial market. AES will become part of the Lennox Commercial Business Segment. The terms of the acquisition were not disclosed.
October 25, 2023 | 8:01 pm
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Lennox's acquisition of AES could potentially expand its commercial HVAC services and customer base. The financial terms of the deal were not disclosed, making it difficult to assess the immediate financial impact.
Acquisitions often provide opportunities for companies to expand their services and customer base. In this case, Lennox's acquisition of AES could potentially enhance its commercial HVAC services and reach more customers. However, without the financial terms of the deal, it's challenging to assess the immediate financial impact on Lennox.
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