Reclamation Technologies buys Tampa refrigerant company
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Indianapolis-based Reclamation Technologies USA LLC has acquired NoVent Inc., an EPA-certified refrigerant company based in Tampa, Fla.
NoVent provides reclamation, onsite recovery, cylinder exchanges, and refrigerant solutions for the HVAC industry.
Financial terms of the deal were not disclosed.
“The NoVent acquisition further solidifies our presence in the Southeast, and the Florida market particularly, and is a great complimentary business to RTR Suppliers acquired earlier this year,” said Rodney Pierce, president of Reclamation Technologies. “Recycling and reuse of refrigerants is the sustainable thing to do for our customers and the environment.”
The company says refrigerant reclaim provides building owners, commercial HVAC contractors and industrial clients a safe and affordable solution to manage spent refrigerants in compliance with applicable regulations. Recovery and reclamation of refrigerants ensures an environmentally responsible and sustainable outcome for all stakeholders and reduces consumption of non-renewable resources needed to make virgin refrigerants.
“RTI is excited to join forces with Robert and Patrick Sheehan of NoVent, industry leaders who will bring their experience and wealth of knowledge to our team,” said Katelyn Imrie, executive vice president of fielding. “RTI’s expansion is helping us achieve our vision of becoming the national choice for refrigerant management services.”
Reclamation Technologies is a joint venture between Indianapolis-based Heritage Environmental Services and Fielding Environmental in Canada.