Latest


Skytech Purchases Key Assets of Fire Gear

Skytech II, Inc. (Skytech), a leading manufacturer of control systems for the hearth and HVAC industries, has acquired key assets of Fire Gear, L.L.C., including its growing brand of award-winning outdoor products branded under the firegear name. The effective date of the acquisition was January 1, 2013.

Under the terms of the purchase agreement, Skytech will acquire assets including receivables, inventory, certain contracts, and intellectual property, among other specific items. The firegear brand will continue under the leadership of Dennis G. Smith, founder of Fire Gear. “I am truly excited about the future of firegear—and for its customers, who will benefit from Skytech’s resources and exceptional service,” Smith says.

Chris Flick, CEO of Skytech, says, “We are very excited to be adding the popular firegear line to our extensive selection of control systems for the hearth and HVAC industries. firegear is a 10–year-old brand with strong growth potential, specifically in the outdoor segment of the hearth and patio-furniture industry. Further, we believe the brand will strengthen our business relationships with our current distributors and dealers by expanding on our current outdoor line of products.”

Henry O. Hall, president of Skytech, says, “Skytech has built its reputation on service before, during, and after the sale. As a proven leader in control systems, Skytech will continue that tradition by developing innovative systems to support the firegear brand. The firegear acquisition by Skytech will add value to our distributors and dealers, as this brand will flow through our widespread distributor/ dealer network, as well as continuing to support firegear’s loyal customer base.”