After announcing the acquisition of The Baase Company, Tozour President Kevin Duffy talked with the Philadelphia Business Journal about the deal. It’s a Q&A article that touches on Tozour’s history with Baase and how the deal came together.
Here’s a snippet:
Why make this move? They are a shop of five people, three of whom retired with this deal and we brought two of their folks on board. We have a broader coverage and sell Trane equipment. This is adding to the products we can offer. This is a good time to be acquiring. We have a strong balance sheet and financial position and will keep an eye out for other acquisitions we can make. This is the first company we have bought.
To read the full story, click here.
The news release has more details: Tozour Energy Systems Acquires The Baase Company
Recently, the Environmental Protection Agency (EPA) issued a phase-out plan on several commonly-used, high-Global Warning Potential (GWP) refrigerants effective as early as 2021. Centrifugal chillers, positive displacement chillers, cold storage warehouses and other retail refrigeration equipment may be affected by this change.
Common chiller refrigerants included under the new regulations include R-134a, R410A, R407C, R-245fa and more. In an effort to reduce the threat of harmful emissions affecting the local environment, the EPA has released new listings of safer substitutes to replace the newly prohibited refrigerants.
Tozour Energy Systems has the product access and expertise to help you through this phase-out period and assist in ensuring your facility’s equipment is operating in accordance with these new regulations.
Please contact your TES account manager to schedule a time to review what these changes mean for your facility.