HVACRDB

Magic Aire Purchased by Management and Local Investors

MA Acquisition Co., LLC has purchased United Electric Company, manufacturer of Magic Aire branded products from Carrier Corporation. The Magic Aire brand covers a broad range of airside products suitable for residential and light commercial applications. MA Acquisition Co. LLC is a newly formed holding company comprised of certain United Electric Company management members and investors. The company will be headquartered with continuing operations in Wichita Falls, TX.

The MBO reflects the optimism that the management team has for the company’s future. In the last few years the Magic Aire brand has become widely known for value, quality, short lead time and 99.9% on time performance. Management also anticipates a concentration of company engineering resources consistent with its role in light commercial HVAC and Educational HVAC markets.

For more information on Magic Aire, please visit www.magicaire.com.

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish