Stelpro and Innovair Join Forces
May 8, 2024 | By HPAC Magazine
Two major Quebec-based manufacturers in the HVAC industry form strategic alliance.
Two major Quebec-based manufacturers in the heating, air conditioning and ventilation industry, Stelpro and Innovair Solutions, are merging.
This alliance of these two family-owned businesses draws on the combined expertise of both teams in the fields of electric heating and HVAC, as well as their manufacturing and distribution facilities at 16 locations across four countries.
The combined assets of the two groups will deliver a diversified range of thermal comfort and indoor air quality solutions for the residential, commercial, industrial, and institutional markets under 15 brands.
Martin Beaulieu and Yves Chabot will become joint chairs of the Board of Directors, while the management of the Stelpro and Innovair Solutions Groups will be under the respective leadership of CEOs Pierre Huard (Stelpro) and Louis Beaulieu (Innovair).
“Our goal is to expand our product line for the benefit of our customers and business partners, while consolidating our presence in the U.S. market,” explains Martin Beaulieu.
Yves Chabot adds: “This will enable us to seize the opportunities offered by the evolving HVAC market that has been driven by the energy transition. Together, we will be able to offer integrated solutions for thermal comfort and air quality, promoting efficient energy management in buildings.”
Founded in 1981, Stelpro Group employs over 600 people at five locations in two countries, has over 475,000 sq. ft. of manufacturing and warehousing space, and annually sells more than 1.1 million heating units and 500,000 electronic controls under five brands.
Innovair Solutions, founded in 1967 as Ouellet Canada, has over 500 employees, 11 operating sites in three countries, 500,000 sq. ft. of production and warehousing space, and more than 1 million heating units sold annually under 10 distinct brands.
