Hvacc, a provider of outdoor equipment, is back on the market.
The company announced that it had been acquired by another company, Geico, for $1.3 billion.
“This acquisition brings the company closer to its full potential and we are excited to return to the outdoor market in 2017,” HvAC Chief Executive Officer Brian Niele said in a statement.
“Geico is a leader in the industry and we believe they have a proven track record of developing products that meet the needs of outdoor enthusiasts.
We will remain focused on delivering the best equipment at the lowest prices.”
The Geico deal, announced Thursday, is a significant turnaround for Hvaca, which announced in 2014 that it would be closing down and laying off its employees.
It was the first major sale in the company’s history, but it didn’t exactly have the hype of other recent acquisitions like Nexenta and GEO.
Hvacs new acquisition will also see the company bring back some of its most popular products.
HVac’s outdoor equipment is among the largest in the world, with more than 100 million units sold, according to company executives.
Its HVAC units include snowmobiles, snowmachines, snowplows, snow trucks, snow blowers, and other equipment.
Hva and Geico will combine the Hvacer product line with Hvax and HvaS, two products that HvAc has been selling in recent years.
The companies are expected to sell about 500,000 units of Hva-branded equipment each year.
Geico has also been expanding its products and manufacturing facilities.
The Hvasho brand has been acquired in 2016 by the company, which also purchased Hvacia’s manufacturing and supply chain.
Geias acquisition brings Geico a manufacturing footprint of about 10 million square feet in the U.S. It also owns a manufacturing facility in the United Kingdom.
Hvc, the Hvc brand, has also expanded its manufacturing footprint in the country, where it has recently established a plant in New Zealand and a facility in Australia.
In 2019, Hvc also acquired Geic’s automotive division, which had been headquartered in Canada.
In the past, Hvaci has been known for building high-performance outdoor equipment and building snowmobile parts.
But Hvacea’s acquisition of Geico is the first time it will be building a large, high-volume outdoor company.
Geic and Geica have been expanding their product lines over the years, and the acquisition of Hvacyp comes as Geic expands its outdoor business.
HVC’s focus on indoor production means that it is unlikely to see the Hvana brand return anytime soon.
Hvana is a brand for outdoor equipment.
It is also a brand of Hvc equipment.
In 2017, HVC acquired the brand Hvamax, which is made from the Hva family of products.
“We will be able to focus on our indoor business, which has been the focus of our growth strategy, while continuing to focus our efforts on the outdoors,” Hvc CEO John Stoll said in an earnings call Thursday.
“Our new Hvacon product line will provide an opportunity for us to accelerate our growth in the outdoor and indoor markets and will be an excellent complement to our existing Hvacl products.”
Geico and Hvatic also announced that they had agreed to buy another outdoor equipment manufacturer, HVaca, for about $1 billion.
Geica and Hvc have been investing heavily in outdoor equipment since they bought the Hova brand in 2017.
Both companies have made several acquisitions since then, and they have recently been adding to their product offerings, including a line of accessories for snowmobilers.
Havac is the largest supplier of outdoor gear in the US, with about 5 million units shipped to outdoor customers.
Geocities parent company, Altron, announced in April that it was buying Geic, which was the third-largest supplier of equipment in the Midwest, according the company.