The Master Group acquires Ontario heating parts & equipment distributor The Hydronics Group Inc.
October 13, 2015
Boucherville, October 13, 2015 – The Master Group Inc. is pleased to announce that it has completed the acquisition of The Hydronics Group Inc., Ontario distributor of heating parts & equipment. This transaction aims to strengthen Master's position as a leader in the heating sector of Greater Metropolitan Toronto and Southwestern Ontario.
« We are proud of this strategic alliance, marking another important step in strengthening our presence in the territory. But even more, we are pleased to associate with the expertise of The Hydronics Group employees, known for their deep knowledge and skills in terms of brand and high quality equipment selection, "says Louis St-Laurent, President, The Master Group Inc. "Expertise and strong reputation have undoubtedly been major assets in the pursuit of our proposed acquisition. To all Hydronics Group employees, we extend a warmest welcome among our team and assure them that we will provide a new environment favorable to more exciting challenges. »
Tim Rickards, co-founder of The Hydronics Group, will remain in position and his role will be to facilitate the transition and to share his knowledge, especially in the field of hydronic heating, with customers and all employees as a technical sales representative. On the other hand, Rob Moroney, also co-founder, will continue on independent projects in the distribution of radiant heating equipments.
« We are happy to pass the torch to The Master Group, a company recognized for its healthy growth, leadership, expertise and its culture of respect and loyalty, "said Tim Rickards, The Hydronics Group Inc." I am particularly delighted to continue my career within the Master team and more than confident that all our employees and customers will benefit from this new alliance that will enable us all to increase the opportunities and to take our projects to a higher level. »
The branch, dedicated to heating equipment and products will be headed by Ed Lupson, assisted by internal sales representatives Fernando Valadao, Marc Rebellon and Rex Rebellon. Address and contact information of this new point of sales are:
30 Kelfield Street
Phone (416) 781-2221
Fax (416) 781-2262
Toll free 1-844-888-8859
Emergency (416) 571-5671
About The Hydronics Group Inc.
Since 2001, The Hydronics Group Inc. has distinguished itself in Greater Toronto and Southwestern Ontario for its expertise in heating, especially in the hydronic industry. The Hydronics Group provides extremely high quality brands supported by a highly qualified customer service recognized for its technical expertise.
About The Master Group Inc.
Leader in the heating, ventilation, air conditioning and refrigeration sectors for more than 60 years, and recognized as one of Canada’s Best Managed Companies since 2010; The Master Group is the largest independent HVAC-R distributor in Eastern Canada. The company now employs over 580 dynamic and devoted individuals who serve the industry in over 25 branches, 3 sales offices and 3 distribution centres spanning from Ontario to the Atlantic Provinces. For more information, visit www.master.ca.
Source: Nathalie Lajoie
Director, communications and marketing