Eemax, a leading manufacturer of commercial, industrial, and residential electric tankless water heaters, has acquired EcoSmart, a fast-growing consumer brand for residential electric tankless water heaters based in Miami, FL.
“Adding to our team of proven experts, this acquisition will further Eemax’s position as the leading solutions provider in water heating,” says Kevin Ruppelt, CEO of Eemax. “It’s an exciting new chapter for both Eemax and EcoSmart as we integrate the two organizations into a high-performing, customer-centric team.”
Sources report the two companies will collaborate toward a common goal of making tankless water heating technology the mainstream water heating method for homes. EcoSmart will contribute to Eemax’s continued growth by expanding its customer base as well as increasing the company’s product portfolio.
“We’re thrilled to work with Eemax. By combining resources we can more effectively reach our shared goal of providing our customers with innovative solutions that meet their hot water heating needs while saving money, energy and space,” says EcoSmart CEO Nick Cardoso.
Led by Kevin Ruppelt, president and CEO, Eemax’s facility in Waterbury, CT will serve as the company headquarters. EcoSmart business and distribution will continue out of Miami. eemax.com; ecosmartus.com