Laars Heating Systems, a designer and manufacturer of boilers, water heaters, and pool heaters used in residential, commercial, and industrial applications, has acquired Electro Industries Inc., based in Monticello, Minnesota.
Electro Industries is a manufacturer of electric boilers, air-to-water heat-pump technology, electric duct heaters, and controls. Laars is a subsidiary of Bradford White Corp.
“Electro Industries has developed a reputation for producing high-quality residential and commercial electric space-heating solutions since its founding in 1974,” said Bruce Carnevale, president and CEO of Bradford White, in a press release. “We are excited to welcome the employees of Electro Industries into the Bradford White family and incorporate their trusted products into the Bradford White portfolio.”
The acquisition will expand Laars’ residential, commercial, and industrial space-heating portfolio, furthering its commitment to meet the growing needs of customers as state and local electrification policies and regulations continue to evolve, the Laars press release said.
“We are extremely excited that Electro Industries will become part of Bradford White Corporation, where their resources and market reach will allow the legacy of our family business to continue to grow for years to come,” said Krista Smith-Larson, president of Electro Industries.
“Laars Heating Systems and Electro Industries share similar commitments to American manufacturing, quality, and customer care,” said John Seefeldt, CEO of Electro Industries. “Joining with Laars Heating Systems will enhance our capabilities, allowing us to better serve our current customers while extending our offerings to a broader audience.”
This acquisition of Electro Industries includes all company assets, including the Electro Industries facility in Monticello, increasing Laars’ U.S. manufacturing presence. Electro Industries will be organized as a division of Laars.
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