McQuay International Acquires HydroKool - Custom HVAC Solution Company

MINNEAPOLIS, June 15 /PRNewswire/ -- McQuay International, a member of the Daikin Group and a leading global provider of innovative energy efficient heating, ventilating and air conditioning (HVAC) products and solutions to the commercial and industrial markets, today announces the acquisition of HydroKool, LLC, a custom HVAC solutions manufacturer, headquartered in Phoenix, Ariz. HydroKool was previously owned by Tri-City Mechanical, a division of Comfort Systems USA. Specific terms of the agreement were not disclosed.

HydroKool is the leading manufacturer of custom pre-engineered HVAC solutions, including McQuay's Modular Central Plants, which offer a cost-effective alternative to site-built central plants with pre-engineered, pre-assembled modules offering high efficiency chillers, cooling tower, pumps and piping. HydroKool's design and flexible manufacturing capabilities will be expanded to support McQuay Solutions Group.

"Our customers have asked us for highly-efficient, custom packaged HVAC solutions for their commercial and industrial applications. The acquisition of HydroKool greatly expands our own in-house manufacturing capabilities to deliver these solutions and meet customer needs," said Ron Hanlon, chief operating officer, McQuay Americas. "Integrating HydroKool's extensive design and manufacturing expertise will also strengthen our custom application platforms."

"HydroKool has a long standing relationship with McQuay. We are very excited about the future opportunities this will create for everyone who has worked diligently to create a superior product that represents the future of the HVAC Industry," said Joe Nichter, president of Tri-City Mechanical. "Combining highly-efficient chillers, like the Daikin McQuay Magnitude™ Magnetic Bearing Chiller with HydroKool's pre-engineered system design expertise will allow McQuay to provide unique solutions for many new customers."

For more information about McQuay International, visit www.mcquay.com or call 800-432-1342.

About McQuay International

McQuay International, a division of Daikin Industries, Ltd., delivers engineered, flexible solutions for commercial, industrial and institutional HVAC requirements with reliable products, knowledgeable applications expertise and responsive support. McQuay products and services are provided through a worldwide network of dedicated sales and service offices. For more information or the name of your local McQuay representative, call 800-432-1342, or visit www.mcquay.com.

About Daikin Industries Ltd.

Daikin Industries, Ltd. is a Fortune 1000 company with 2008 revenues in excess of $12 billion and more than 40,000 employees worldwide. Daikin is engaged primarily in the development, manufacture, sales and aftermarket support of heating, ventilation, air conditioning and refrigeration (HVACR) equipment, refrigerants and other chemicals, as well as oil hydraulic products. Daikin has been named one of the 100 most sustainable corporations for three years in a row by Corporate Knights, Inc. For more information, visit www.daikin.com

SOURCE McQuay International

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