M&A  August 13, 2019

Aqua-Hot sells, prepares management transition

FREDERICK  — Aqua-Hot Heating Systems Inc. is preparing for a management shift after a private equity-backed competitor acquired it earlier this year.

Aqua-Hot president and CEO Paul Harter told BizWest that Wichita, Kansas-based Airxcel Inc. purchased the Frederick-based RV heater maker in May. 

Airxcel is a holding company for several manufacturers of different RV parts. Aqua-Hot will retain its name and all 38 of its employees as part of the deal. It will also continue producing all of its parts in the state.

Harter said the deal allows Airxcel to use Aqua-Hot’s branding as a…

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A Maryland native, Lucas has worked at news agencies from Wyoming to South Carolina before putting roots down in Colorado.
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