- THE MAGAZINE
- EQUIPMENT & TOPICS
Motors and components supplier MARS has purchased Heat Controller Inc. Terms of the deal were not disclosed. The MARS motors and components division will continue to operate from Hauppauge, N.Y., and the Heat Controller equipment division will remain in Jackson, MI.
According to Edward Chernoff, president and CEO of MARS, the acquisition represents the company’s commitment to anticipating the needs of the marketplace and proactively investing in creating additional value for the customer.
“This acquisition is a merger of equals. Two reputable companies are aligning in order to better serve HVACR customers, suppliers, and contractors,” he said. “MARS knows motors and components. Heat Controller knows equipment. The partnership is a natural fit.”
Although the two business divisions will operate independently under the MARS Co. entity, Chernoff says the acquisition lends itself to opportunities for future collaboration and growth.
“Both companies have a rich history of success, as well as extensive HVACR industry expertise,” he said. “We look forward to utilizing this combined knowledge and expertise to deliver additional value to our customers.”
Don Peck, CEO of Heat Controller, agrees.
“These are exciting times for Heat Controller, and we believe the merger into the MARS family will be a perfect fit going forward,” said Peck. “Heat Controller will continue to operate from Jackson, MI, and Guelph, Ontario, with the same dedicated employees and management. Our goal is to make this transition transparent to our customers and to continue to serve our customers with this new alliance as we have in the past.”