06 March, 2023

Acquisition

Aquaheat Facility Services Acquire McAra Air Conditioning

Horizon Energy Group, owner of Aquaheat Facility Services, is pleased to announce that Aquaheat Facility Services has acquired McAra Air Conditioning of Hamilton. McAra is a well-established air conditioning company, having provided 40 years of service in the local community, catering primarily to commercial customers. McAra specialise in installation, service, and maintenance throughout the Waikato region.

Horizon Energy Group, owner of Aquaheat Facility Services, is pleased to announce that Aquaheat Facility Services has acquired McAra Air Conditioning of Hamilton. McAra is a well-established air conditioning company, having provided 40 years of service in the local community, catering primarily to commercial customers. McAra specialise in installation, service, and maintenance throughout the Waikato region.

The acquisition of the business and assets of McAra is part of Horizon Energy Group’s strategy to expand the capability of the Waikato operation and will further complement Aquaheat’s national servicing and installation operations. The business will trade as McAra Air Conditioning, a division of Aquaheat Facilities Services.

CEO of Horizon Energy Group, Ajay Anand, says the acquisition marks another exciting milestone ion the growth and development of the Group. Together, Aquaheat Facility Services and McAra will form a stronger business in the Waikato, drive further growth and innovation, and create more value for our employees, customers, and stakeholders.

“Our combination enhances virtually every element of our business to deliver quality products and services to customers and optimize investments and costs for strong financial returns and profitable growth,”

“We are not done yet and with the support of our shareholder, the Board, our customers and our wonderful staff we will continue to expand Group to become the premier infrastructure services provider across New Zealand and the Pacific”, says Mr Anand.

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