Cummins-Wagner Acquires Thermoflo: Strengthening HVAC and Plumbing Distribution

Cummins-Wagner Announces Thermoflo Acquisition, Expanding HVAC and Plumbing Reach

On June 18, 2024, Cummins-Wagner Co., Inc., a leading distributor of HVAC and plumbing solutions, announced the Cummins-Wagner Thermoflo acquisition. This strategic acquisition enhances our position in the HVAC and plumbing markets across the Mid-Atlantic and New England, significantly strengthening our growth in the residential, commercial, and industrial sectors.

About Thermoflo Equipment Co.

Thermoflo, headquartered in Pittsburgh, PA, is a respected distributor specializing in hydronic heating, air conditioning, water heating, plumbing, and steam solutions. Serving Western and Central Pennsylvania, the Maryland panhandle, West Virginia, and parts of Eastern Ohio, Thermoflo’s expertise and regional reach align seamlessly with Cummins-Wagner’s strategy for targeted expansion.

“The Cummins-Wagner Thermoflo acquisition enhances our scale and resources,” said Doug Ardinger, CEO of Cummins-Wagner. “This allows us to deliver engineered HVAC and plumbing solutions to even more markets.” Matt Larkin, President of Thermoflo, added, “Partnering with Cummins-Wagner brings stability and growth potential, ensuring our continued success in our regions.”

Employee Integration and Stock Ownership

As part of the acquisition, Thermoflo employees will join Cummins-Wagner’s 100% Employee Stock Ownership Plan (ESOP), promoting greater employee engagement and commitment. “We’re thrilled to welcome Thermoflo personnel as fellow employee-owners,” stated David Palmer, VP/CFO of Cummins-Wagner. “This enables them to actively participate in the shared success of our growing company.”

About Cummins-Wagner

Founded in 1960, Cummins-Wagner is a full-service distributor specializing in water/wastewater, industrial processes, plumbing, and HVAC equipment. Serving the Mid-Atlantic and New England regions, the 100% employee-owned company has 275 employees and operates 12 locations, with headquarters in Annapolis Junction, MD.

To learn more about the Cummins-Wagner Thermoflo acquisition and our plans for the future, download our press release.