CRANSTON, R.I. (WPRI) — One of Rhode Island’s most prominent companies has been purchased by a London-based firm.
Taco Group Holdings, the century-old maker of water-based HVAC systems, has been purchased by Pentair plc for $1.4 billion, the two companies announced in a news release Tuesday. Pentair’s global headquarters is in London, while its main U.S. office is in Minnesota, where the company was founded.
Taco Chairman John Hazen White Jr., a prominent figure in Rhode Island business and public life for decades, and his son, Taco President Benjamin White, said in a joint statement that the transaction will “allow us to preserve our values, expertise and customer relationships, which have made Taco successful.”…