Contractor - February 2024

Page 1

www.contractormag.com

FEBRUARY 2024

SERVING PLUMBING, HYDRONIC & MECHANICAL SYSTEMS PROFESSIONALS PLUMBING | PIPING | HYDRONICS | RADIANT | BATH/KITCHEN | TECHNOLOGY | TOOLS | TRUCKS | GREEN | MANAGEMENT

Hybrid Heat Pump Water Heater ABC’s Construction Backlog Indicator Inches Higher in December Survey Aids Energy-Saving Goals SPECIAL TO CONTRACTOR

By THOMAS RENNER

Many communities across the United States embrace the idea of fighting climate change and advancing sustainability initiatives, but Riverside, California does more than talk a good game. So do many of its businesses. Phenix Technology is an industry-recognized manufacturer of high-quality safety products used by firefighters and first responders all around the world. The company prides itself on its products, but also ➤ Turn to Hybrid, page 12

Phenix Technology installed a Hybrid Heat Pump in its 14,000 square foot office building.

WASHINGTON, DC — Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.6 months in December from 8.5 months in November, according to an ABC member survey conducted Dec. 20 to Jan. 4. The reading is down 0.6 months from December 2022. The South, which remains the region with the lengthiest backlog, posted the largest monthly increase ➤ Turn to ABC, page 14

Construction Job Openings Rate and Quits Rate:

Ferguson Announces Three Acquisitions

November 2012 to November 2023

7.0%

WOKINGHAM, ENGLAND — Ferguson plc (NYSE: FERG; LSE: FERG) has signed definitive purchase agreements to acquire Yorkwest Plumbing Supply Inc. and Grove Supply, Inc., and closed on the acquisition of Harway Appliances. These acquisitions have aggregate annualized revenues of approximately $220 million.

​Yorkwest Plumbing

Supply Inc.

Yorkwest is a leading distributor of plumbing, municipal, hydronics, institutional, HVAC and industrial products i n t h e g r e a t e r To r o n t o a r e a that has been in business since 1990. Each of Yorkwest’s four ➤ Turn to Ferguson, page 8

Percent Change

SPECIAL TO CONTRACTOR

6.0%

Job openings rate Quits rate

5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

--Helping HelpingContractors ContractorsRun RunAABetter BetterBusiness BusinessSince Since1954 1954-2402CO_C1, 6-9, 12-15_Page 1.indd 1

2023

Source: U. S. Bureau of Labor Statistics

IN THIS ISSUE

LABEL

2022

FEATURE

20 Rescuing

a closed-loop geothermal system.

18

24

30

Schwartz on Linhardt on Feldman on MANAGEMENT HYDRONICS TECHNOLOGY Best of KBIS Finalists Announced

PRODUCTS

40

Scorpion’s LSA Message Leads Integration

6 49 finalists will compete in 7 categories. Acquires Electro Industries 38 Laars Move will expand company’s space heating portfolio.

1/31/2024 11:39:20 AM


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Contractor - February 2024 by Endeavor Digital Editions - Issuu