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Lennox International Inc.'s VP-Corp Controller Chris Kosel sells 300 shares at $591.86.
ByAinvest
Monday, Aug 25, 2025 12:47 pm ET1min read
Lennox International Inc. [LII] announced that Kosel Chris, Vice President of Corporate Controller and Chief Accounting Officer, has sold 300 shares at a price of $591.86 per share on August 22, 2025.
Lennox International Inc. [LII] has announced the acquisition of NSI Industries' HVAC division, which includes the Duro Dyne and Supco brands, for approximately $550 million [1]. The deal, which is expected to close in the fourth quarter of 2025 pending regulatory approvals, aims to expand Lennox’s portfolio of HVAC parts, supplies, and manufacturing and distribution centers across North America.Lennox CEO Alok Maskara stated, "This acquisition strengthens our ability to deliver complete lifecycle solutions for residential and commercial customers and reinforces our position as a one-stop partner for the HVAC industry. By adding trusted heritage brands including Duro Dyne and Supco into our portfolio, we are responding to the needs of our customers who have asked for a broader parts and supplies offering" [1].
The acquisition of NSI Industries' HVAC division is part of Lennox's strategy to enhance its market presence and diversify its product offerings. The deal is expected to provide Lennox with access to a broader range of HVAC components, parts, and accessories, thereby strengthening its competitive position in the HVAC market.
Additionally, Lennox International Inc. [LII] announced that Kosel Chris, Vice President of Corporate Controller and Chief Accounting Officer, sold 300 shares at a price of $591.86 per share on August 22, 2025. This transaction is a significant move for the company, as it indicates a potential change in the leadership structure or a strategic shift in the company's financial management.
The acquisition of NSI Industries' HVAC division and the recent share sale by Kosel Chris reflect Lennox's proactive approach to expanding its market reach and enhancing its financial standing. As Lennox continues to grow, investors and financial professionals should closely monitor these developments for potential impacts on the company's financial performance and market position.
References:
[1] https://www.hpacmag.com/heating-plumbing-air-conditioning-general/lennox-to-purchase-nsi-industries-hvac-division/1004145529/
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