May’s most popular stories

Our five most-read stories of the month, including three tablespoons of M&A and two teaspoons of R-454B moves

Homepros

Image: Homepros

As the first week of June comes to a close, here’s a look at our five most-read stories of May, which turned out to be quite a newsy month:

Redwood Services to land majority investment in $1.1 billion deal. “The investment will enable Redwood to further strengthen its infrastructure, expand strategic partnerships, accelerate tuck-in acquisitions across the U.S., and continue to help its local brands operate at the highest level.” (Full story)

Columbia Home Services, P1 Service Group near merger. “The deal will mark the third platform-level HVAC transaction this year… and represents the first true merger between established groups.” (Full story)

Air Pros lines up buyers in bankruptcy case, docs show. “The ‘legacy’ Air Pros business, which includes a slew of brands primarily based in Florida, is set to be purchased by founder Anthony Perera’s private equity firm, Exuma Capital Partners.” (Full story)

Carrier to boost pre-charge in R-454B units, absorb extra costs. “The company will start ‘increasing the amount of refrigerant pre-charged in residential ducted splits from our standard 15 ft line set to 30 ft on most units,’ it said. ‘Light commercial splits and ductless units are not impacted.’” (Full story)

Chemours ‘pulling out all stops’ amid R-454B issues, CEO says. “R-454B demand ‘has been even higher than expected as stationary OEMs… experience increased sell-through demand,’ CEO Denise Dignam explained. This has created ‘pressure on various areas of the supply chain, noticeably around cylinders.’” (Full story)

Keep reading

U.S. lowers China tariffs, HVAC products still face higher rate

U.S. lowers China tariffs, HVAC products still face higher rate

While the Trump admin lowered the tariff rate on Chinese imports to 30 percent for 90 days, certain HVAC products still face a higher rate

Bay Area proposes delaying first-of-its-kind gas water heater ban

Bay Area proposes delaying first-of-its-kind gas water heater ban

“We heard from homeowners that the cost and logistics of switching to cleaner appliances can be real barriers, and we have responded by proposing common sense solutions,” said Philip Fine, executive officer of the Bay Area Air District

Voomi Supply lands $10 million investment

Voomi Supply lands $10 million investment

The Pennsylvania-based company operates as an online marketplace where contractors can buy parts and equipment from a network of distributors and manufacturers