SYRACUSE, NY, Apr 2 -- Carrier Corporation today announced the acquisition of Hi-Tech Mechanical Systems, Inc., a Salt Lake City, Utah-based building services company with annual revenues of approximately $3.1 million.
Founded in 1985, Hi-Tech's customer base consists primarily of owner-occupied buildings and large property management firms. Hi-Tech has developed significant expertise in air conditioning, heating and controls systems. They also maintain an on-site sheet metal fabrication facility for custom ductwork applications. Carrier intends to retain the company's management team, headed by Phillip Williams, and its labor force.
"This acquisition offers Carrier the opportunity to expand its share of the HVAC service market in a metropolitan area projected to grow significantly by 2005," said John Malloy, vice president and general manager, Carrier's Commercial Systems and Services business unit. "Hi-Tech is a full-service organization that will compliment the skills of our existing Building Systems and Services branch in Salt Lake City."
Carrier Corporation is the world's largest manufacturer of heating and air conditioning systems and equipment. It is a subsidiary of United Technologies Corporation, provider of a broad range of high-technology products and support services to the aerospace, building systems and automobile industries.
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