Platinum Equity to sell Heat Controller in Jackson to Lennox.
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Platinum Equity to sell Heat Controller in Jackson to Lennox. Platinum Equity in Los Angeles, which is owned by Tom Gores, sole owner and governor of the Detroit Pistons, today announced it has signed a definitive agreement to sell Heat Controller, a leading HVAC equipment supplier, to Lennox. June 18, 2026 Platinum Equity in Los Angeles, which is owned by Tom Gores, sole owner and governor of the Detroit Pistons, today announced it has signed a definitive agreement to sell Heat Controller, a leading HVAC equipment supplier, to Lennox. Lennox, which has its headquarters in Richardson, Texas (near Dallas), provides heating, cooling, indoor air quality, refrigeration, and water heating systems. Financial terms of the transaction were not disclosed. Headquartered in Jackson, Heat Controller serves distributors across North America through its Comfort-Aire and Century brands. Heat Controller was acquired by Platinum Equity in 2024 as part of its investment in Motors & Armatures, Inc. (MARS), a leading distributor of HVAC/R parts, supplies, and equipment. "The sale of Heat Controller represents the culmination of our MARS investment and delivers a successful outcome driven by focused execution on our original investment thesis," says Jacob Kotzubei, co-president of Platinum Equity. "During our stewardship, we partnered with the company's management team to create value...
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