Announced
Financials
Sources
Tags
Majority
Domestic
Energy / Utility Services
Single Bidder
Friendly
Private
Acquisition
United States
Pending
commercial HVAC
Synopsis
Refuel Operating, a retail and wholesale fuel distribution and convenience-store business, completed the acquisition of Whalen, a manufacturer of HVAC vertical stack riser heat-exchanger fan coil units and water-source heat pumps. Financial terms were not disclosed. “We are extremely excited to enter a new, adjacent market with the Great Stops acquisition and expand our current footprint in the attractive Raleigh-Durham market with Whalen’s. Both acquisitions represent high-quality stores that are a strong fit with the Refuel portfolio. We are excited to welcome both teams to the Refuel family,” Mark Jordan, Refuel CEO.
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