Rheem acquires Friedrich air conditioning

Rheem has acquired Friedrich Air Conditioning from Monomoy Capital Partners, effective today. Friedrich is an industry leader in high-end air conditioning solutions and will be a standalone business unit within the Rheem Global Air business.
 
“Growth by acquisition is part of our ongoing strategy,” said Chris Peel, President and CEO at Rheem. “The addition of Friedrich to the Rheem family of brands will complement our existing business lines, increase our commercial and residential air conditioning offerings, and expand our presence in the hospitality and multi-family segments of our market.”