Lennox signs agreement to acquire Heat Controller

• Lennox (NYSE:LII) has signed a definitive agreement to acquire HVAC equipment supplier Heat Controller.
• Lennox shares were trading at approximately $516.11 following the announcement of the acquisition.
• The transaction aims to expand the company's access to small and mid-size distributors and grow its North American HVAC market share.

Lennox (NYSE:LII) has executed a definitive agreement to acquire Heat Controller, a North American supplier of heating and cooling equipment.

The company stated that this acquisition is intended to strengthen its ability to serve small and mid-size HVAC distributors by increasing access to its equipment portfolio.

While financial terms of the transaction were not disclosed, the deal is expected to close later in 2026, subject to customary closing conditions and regulatory approvals.

The company noted that the acquisition will integrate Heat Controller's established Comfort-Aire and Century brands into its existing business to broaden its North American market reach.

Following the announcement, the Lennox share price was $516.11.

Lennox is a provider of climate control solutions for residential and commercial customers with its headquarters located in Dallas, Texas.

The company has maintained a strategy of expanding its service and distribution network, which previously included the acquisition of the HVAC division of NSI Industries in 2025.