Lennox International - M&A Summary and Business Overview

Test/measurement EquipmentCompany

Lennox International M&A Summary

Lennox International has acquired 3 companies. It has also divested 4 assets.

Lennox International’s largest acquisition to date was in 2000, when it acquired Service Experts for $300M. It’s largest disclosed sale occurred in 2019, when it sold Kysor/Warren to Epta for $49M. Lennox International has acquired in 2 different US states. The Company’s most targeted sectors include consumer services (34%) and machinery (34%).

Lennox International Business Overview

Where is Lennox International headquartered?

Lennox International is headquartered in Richardson, Texas.

What is Lennox International’s revenue?

Lennox International disclosed revenue of 4,981M USD for 2023 and 4,718M USD for 2022.

How many employees does Lennox International have?

Lennox International has 12,600 employees.

What sector is Lennox International in?

Lennox International is a test/measurement equipment company.

When was Lennox International founded?

Lennox International was founded in 1895.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity3
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5

Lennox International

Lennox International, Inc.

2140 Lake Park boulevard,
Richardson, Texas 75080
United States,
(972) 497-5000
www.lennoxinternational.com

Lennox International is a provider of climate control solutions for the heating, air conditioning and refrigeration markets. Lennox International was formed in 1895 and is based in Richardson, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $438M $438M
Sell (0.4/yr) # 2 - - - 2 - 4
vol $49M $49M
  7

Most Recent M&A

Company Date Value Type
Lennox - European Commercial HVAC and Refrigeration Businesses 2023-09-21 - Divestiture
Lyon, France
Lennox - Hyfra Process Cooling Business Unit 2023-08-25 - Divestiture
Richardson, Texas
Kysor/Warren 2019-04-01 49M USD Divestiture
Columbus, Georgia · www.kysorwarren.com
Innovative Hearth Products 2012-04-25 - Divestiture
Nashville, Tennessee · www.ihp.us.com
Kysor/Warren 2010-12-15 138M USD Divestiture
Columbus, Georgia · www.kysorwarren.com
Service Experts LLC 2000-05-03 300M USD Add-on Acquisition
Richardson, Texas · www.serviceexperts.com
Heatcraft, Inc. 1973-01-01 - Add-on Acquisition
Stone Mountain, Georgia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 1 (33%) 138M (32%) 1 (25%) 49M (100%)
Consumer Services 1 (33%) 300M (68%) - -
Machinery 1 (33%) - - -
Business Services - - 1 (25%) -
Consumer Products - - 1 (25%) -
Electrical Equipment - - 1 (25%) -
Total 3 $438M 4 $49M

By Geo

State/Country Buy Value Sell Value
United States 3 438M 3 49M
  Georgia 2 138M 1 49M
  Texas 1 300M 1 -
  Tennessee - - 1 -
France - - 1 -
Domestic 3 (100%) 438M (100%) 3 (75%) 49M (100%)
Cross-border - - 1 (25%) -
Total 3 $438M 4 $49M

Deal Values

buy # Total
$100M to $1B 2 $438M
TOTAL $438M
Largest Service Experts LLC
$300M (2000-05-03)
sell # Total
< $100M 1 $49M
TOTAL $49M
Largest Kysor/Warren
$49M (2019-04-01)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Test/Measurement Equipment

Revenue

4,981   6% 2023
4,718   13% 2022
4,194   16% 2021
3,634   5% 2020
3,807   2% 2019
3,884   2% 2018
3,840   6% 2017
3,647   6% 2016
3,467   3% 2015
3,367   6% 2014
3,199   9% 2013
2,949   2012
(millions of USD) Show More Show Less

Employees

12,600

Established

1895

Public

NYSE: LII

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