Multistack, LLC, a privately held Sparta, Wisc.-based manufacturer of chiller systems and heat pumps, has acquired Desert Aire Corp., a Germantown, Wisc.-based manufacturer of commercial and industrial humidity and climate control systems.
Sources say Multistack's acquisition of Desert Aire bolsters the company's commitment to provide the HVAC industry with high-efficiency, low-impact solutions for a diverse set of building applications.
Multistack will operate Desert Aire as a wholly owned subsidiary. The two companies will maintain their separate Wisconsin headquarters, engineering and manufacturing facilities. Executive teams of the two companies will remain intact.
"We are thrilled to have Desert Aire join us as we design and produce the most energy efficient and advanced systems in the HVAC industry. With both companies having industry-leading reputations as well as cultures that emphasize quality and customer support, this is a natural combination," said Charles Kenyon, CEO of Multistack.
Keith Coursin, president of Desert Aire, said, "Multistack's leadership and capabilities bring additional resources that will help us with our growth plans. We feel by joining together we will each become a better company."
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Multistack employs over 160 people at its Sparta facility, where the company manufactures innovative cooling, heating and energy recovery solutions under the brand names of Multistack®, Airstack™, MultiPRO™ and MagLev™. Multistack is the HVAC industry's first carbon neutral manufacturer, leading its market segment in dedicated heat recovery as it offers environmentally friendly solutions.
Desert Aire employs over 80 people at its facility in Germantown. Desert Aire-brand humidity and indoor climate control systems help people live, work and play in healthy and productive environments. Desert Aire systems enable customers to properly condition ventilation air, meet building codes, improve air quality, control humidity and conserve energy.