M&A Deal Summary

Lennox International Acquires Service Experts

On May 3, 2000, Lennox International acquired consumer services company Service Experts for 300M USD

Acquisition Highlights
  • This is Lennox International’s 1st transaction in the Consumer Services sector.
  • This is Lennox International’s largest (disclosed) transaction.
  • This is Lennox International’s 2nd transaction in the United States.
  • This is Lennox International’s 1st transaction in Texas.
Investment Fate
  • Service Experts was sold to a financial buyer in 2013.
  • Service Experts merged with another company in 2016 for 341M USD.

M&A Deal Summary
Date 2000-05-03
Target Service Experts
Sector Consumer Services
Buyer(s) Lennox International
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

Service Experts

Richardson, Texas, United States
Service Experts LLC is a provider of HVAC services, including inspections, maintenance, sales and equipment installation.

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Buyer(S) 1

Buyer

Lennox International

Richardson, Texas, United States
Category Company
Founded 1895
Sector Test/Measurement Equipment
Employees12,600
Revenue 5.0B USD (2023)
DESCRIPTION
Lennox International's corporate headquarters in Richardson, Texas.
Lennox International's corporate headquarters in Richardson, Texas.

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.

DEAL STATS #
Overall 2 of 3
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2000) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1973-01-01 Heatcraft

Stone Mountain, Georgia, United States

Heatcraft, Inc. is a manufacturer of electric heating and cooling components such as coils, condensing units, and copper tubing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 Kysor/Warren

Columbus, Georgia, United States

Kysor/Warren is a manufacturer of refrigerated systems and display cases for supermarkets throughout North America.

Buy $138M
Mergr

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