California Hydronics Corporation Announces Intent to Acquire Conservation Mechanical Systems Inc. to Further Expand Capabilities
Press Release March 5, 2019
The acquisition of Conservation Mechanical Systems Inc, a reputable Manufacturers Representative firm, will enhance California Hydronics Corporation’s air and wet side portfolio and geographic reach.
Hayward, CA – March 5, 2020 – California Hydronics Corporation (“CHC”), a leading provider of the highest performing solutions in hydronic, steam, and plumbing systems to engineers, contractors and end-users, today announced its intent to acquire Conservation Mechanical Systems, Inc., (“CMSI”) a privately-owned provider of industry-leading environmentally sustainable, HVAC equipment. The two companies are excited by the acquisition, which will enable the combination of CMSI’s field-proven engineered solutions with CHC’s larger array of products, resources, and geographic reach, in order to provide our customers with more options.
“This acquisition helps execute on CHC’s strategy of providing our customers across the western third of the United States with a full spectrum of HVAC solutions, while expanding on CHC’s scope of expertise and sustainable solutions to responsibly deal with climate change, carbon free, renewable and heat recovery technologies to meet the design challenges in construction.”
“Today, subject matter expertise is critical. Adding the CMSI team and array of products to CHC enables us to offer the most comprehensive set of products with custom-engineered solutions capability in the industry,” said Bob Polizzi, California Hydronics Corporation CEO.
“CMSI has evolved over decades, always focused on conservation, efficiency and sustainable HVAC solutions,” said Thomas S. Weaver, President of CMSI. “This merger represents the next phase in our evolution of energy efficiency by extending our core values to also include carbon reduction. Together, CMSI and CHC can continue to grow and improve on delivering our promise of providing the innovative HVAC equipment solutions to meet the current and future challenges that, collectively, we all face. We are very excited to move forward and we are committed to make this transition as seamless and smooth as possible for all our stakeholders.”
The Boards of Directors of CMSI and CHC have approved the transaction which is expected to close by the end of the first quarter of 2020.
Supporting Resources
Learn more about the CHC’s product portfolio and visit our website (www.chchydro.com) and follow us on Twitter, Facebook, and LinkedIn
Learn more about the CMSI’s product portfolio on our website (www.conservationmechsys.com)
About CHC
Headquartered in Hayward, California, CHC is a leading provider of mechanical equipment. With a rich set of hydronic, steam and plumbing solutions, long-term business relationships with engineers, contractors, manufacturers and end users, CHC delivers business improvements to drive growth. CHC and its 150 employees serve customers in 7 states throughout the United States. For more information, visit CHC at www.chchydro.com
About CMSI
Headquartered in Hercules, California, CMSI is a Manufacturer’s Representative of environmentally sustainable, HVAC equipment that adds value by helping solve what’s needed for energy and water efficiency projects. We specialize in engineered solutions for the built environment. Read more at www.conservationmechsys.com
Media Contact:
Sunday Perez
CHC Corporate Marketing Manager
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O: 510.266.7877 | C: 510.427.7210
Email: sperez@chchydro.com