EDISON, N.J. - Albireo Energy, an independent provider of building controls and energy services, has announced a new partnership with Lennox, a global leader in climate control solutions.
This collaboration aims to enhance HVAC (heating, ventilation, and air conditioning) services for educational, institutional, and commercial buildings in Alabama and the Florida panhandle.
The partnership will see Albireo Energy, which specializes in building management systems (BMS) in the region, expand its offerings to include Lennox's unitary, splits, and variable refrigerant flow (VRF) systems. Albireo Energy's engineering, service, operations, and sales teams have undergone factory training to effectively sell, commission, and service these Lennox systems.
Carla Miller, Vice President and General Manager of Albireo Energy for the Alabama and Florida panhandle region, expressed enthusiasm about the partnership. She highlighted the added value for customers through the integration of Lennox's American-manufactured HVAC products and Albireo Energy's local commissioning and servicing capabilities. The collaboration is expected to meet the increasing demand for comprehensive BMS and HVAC solutions.
Lennox offers a range of ENERGY STAR® qualified packaged rooftop units known for their innovative and efficient technology. These include the Lennox Model L™ and Enlight™ rooftops with the Lennox® CORE Unit Controller for easy BMS integration and advanced variable-speed technology for energy savings. The Lennox Xion™ is designed for flexibility and ease of installation in commercial settings.
Lennox's VRF® systems are tailored for diverse environments, from offices to retail spaces, providing customized comfort with efficiency. Chris Drury, Vice President of Sales for Lennox Commercial HVAC, noted the shared values and commitment to excellence with Albireo Energy, praising the technical expertise and strong market relationships of the Albireo team in the Southeast.
This partnership is based on a press release statement.
InvestingPro Insights
As Albireo Energy forges a strategic partnership with Lennox, it's worth noting the financial strength and market performance of Lennox International Inc. (NYSE:LII), which may offer additional confidence to stakeholders involved in this collaboration.
InvestingPro Data metrics indicate that Lennox has a robust market capitalization of $17.29 billion, underscoring its significant presence in the climate control industry. The company's P/E ratio stands at 28.16, reflecting investor confidence in its earnings capacity, with an adjusted P/E ratio for the last twelve months as of Q1 2024 at 26.22. Additionally, Lennox has demonstrated a steady revenue growth of 4.74% over the last twelve months as of Q1 2024, showcasing the company's ability to increase its sales in a competitive market.
InvestingPro Tips highlight that Lennox has raised its dividend for 14 consecutive years, indicating a strong and consistent return to shareholders. Furthermore, with 8 analysts having revised their earnings upwards for the upcoming period, there is a positive outlook on the company's financial performance.
For readers interested in a deeper dive into Lennox's financials and future prospects, there are additional InvestingPro Tips available. These tips can provide valuable insights, especially when considering the impact of the partnership on both Albireo Energy's service offerings and Lennox's market reach. To explore these insights, visit https://www.investing.com/pro/LII and use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are currently 9 more investing tips listed on InvestingPro, which could further inform investment decisions related to Lennox International Inc.
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