{"id":973570,"date":"2026-06-18T08:11:29","date_gmt":"2026-06-18T12:11:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/platinum-equity-to-sell-heat-controller-to-lennox\/"},"modified":"2026-06-18T08:11:29","modified_gmt":"2026-06-18T12:11:29","slug":"platinum-equity-to-sell-heat-controller-to-lennox","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/platinum-equity-to-sell-heat-controller-to-lennox\/","title":{"rendered":"PLATINUM EQUITY TO SELL HEAT CONTROLLER TO LENNOX"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Sale positions Heat Controller for continued growth<\/b>\n <\/p>\n

\n Divestiture represents final exit of the firm’s investment in HVAC\/R distributor Motors & Armatures<\/b>\n <\/p>\n

\n LOS ANGELES<\/span>, June 18, 2026<\/span> \/PRNewswire\/ — Platinum Equity today announced that it has signed a definitive agreement to sell Heat Controller, a leading HVAC equipment supplier, to Lennox (NYSE: LII). Financial terms of the transaction were not disclosed.<\/p>\n

Headquartered in Jackson, Michigan, Heat Controller serves distributors across North America through its established Comfort-Aire and Century brands. Heat Controller was acquired by Platinum Equity in 2024 as part of its investment in Motors & Armatures, Inc. (“MARS”), a leading distributor of HVAC\/R parts, supplies and equipment.<\/p>\n

“The sale of Heat Controller represents the culmination of our MARS investment and delivers a successful outcome driven by focused execution on our original investment thesis,” said Platinum Equity Co-President Jacob Kotzubei. “During our stewardship, we partnered with the company’s management team to create value through new product introductions, strategic M&A, synergy realization, investments in leadership talent, and an exit strategy that maximized value while divesting separate divisions to their most natural strategic buyers.”<\/p>\n

“We are grateful for our partnership with the entire MARS and Heat Controller team and are proud of what we accomplished during our ownership,” said Platinum Equity Managing Director Dan Krasner. “We believe Lennox is an ideal strategic home for the Heat Controller business and are confident the company is well positioned to continue building on its momentum in this next chapter as part of the Lennox platform.”<\/p>\n

“We appreciate Platinum Equity’s support and partnership during an important chapter in our company’s evolution,” said Philip Windham, Chief Executive Officer of Heat Controller. “Their operational resources, strategic guidance and commitment to investing in the business helped strengthen our platform and create new opportunities for growth. We are excited to begin our next chapter with Lennox and continue delivering the service, flexibility and value our customers depend on.”<\/p>\n

After investing in MARS in July 2024<\/a>, Platinum Equity led a comprehensive transformation of the company, which included:<\/p>\n