Lennox International to Acquire HVAC Manufacturer Heat Controller from Platinum Equity

Platinum Equity announced on Thursday that it has reached a definitive agreement to sell its subsidiary, Heat Controller, to Lennox International. The transaction involves the transfer of the heating, ventilation, and air conditioning (HVAC) manufacturer to the Dallas-based climate control company, marking a shift in ownership for the Michigan-based firm.

Lennox International will integrate Heat Controller into its existing operations as part of the acquisition. Heat Controller, which produces a variety of residential and commercial HVAC products under brands such as Comfort-Aire and Century, has operated under Platinum Equity’s ownership since the private equity firm acquired the business. The companies did not disclose the financial terms of the deal or the specific timeline for the final closing of the transaction.

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Date: June 18, 2026

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