Builders merchant MKM has expanded into the heating, ventilation and air conditioning (HVAC) sector, with the acquisition of Oceanair UK Limited for an undisclosed sum.
Established in 2002, Oceanair is a distributor of air conditioning and heating products, operating from Mansfield and Crawley.
Its transition into the air-to-water market makes its ideally placed for significant growth in the future, said MKM.
Oceanair will continue to trade under its existing name, and Tony Evanson, the owner, will remain involved in the business “for the foreseeable future”, providing support during the transition.
“This is an interesting acquisition for MKM and enables us to expand into further emerging marketplaces,” said Kate Tinsley, CEO of MKM.
“Oceanair is a great company with very talented people. I’m really excited about our growth plans.”
Evanson added: “I’m incredibly proud to see the business grow over the years and have developed some fantastic relationships with staff, customers, and suppliers.
“I have thought long and hard about selling the business and was adamant it needed to go to the right home.
“I’m very pleased to be around the business to support the MKM team and look forward to seeing Oceanair grow under its new ownership.”
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