Bruce Carnevale

Trusted manufacturer enhances commitment to customers with acquisition of leading manufacturer of stainless steel indirect water heating solutions Bradford White Corporation, an industry-leading manufacturer of water heaters, boilers and storage tanks, announced today the acquisition of Heat-flo, a leader in stainless steel indirect water-heating and hydronic storage tanks for residential, commercial, and industrial applications. The acquisition Read more

Trusted manufacturer enhances commitment to customers with acquisition of leading manufacturer of stainless steel indirect water heating solutions

Bradford White Corporation, an industry-leading manufacturer of water heaters, boilers and storage tanks, announced today the acquisition of Heat-flo, a leader in stainless steel indirect water-heating and hydronic storage tanks for residential, commercial, and industrial applications.

The acquisition of Heat-flo results in the broadest portfolio of indirect water-heating solutions in the industry and affirms Bradford White’s unwavering commitment to innovation and meeting the evolving needs of its customers.

“Heat-flo is a perfect complement to our existing product portfolio,” said Bruce Carnevale, president and CEO of Bradford White Corporation. “For both companies, our customers live at the center of all we do every day. Together we will continue to deliver upon the shared values of a customer-first approach.”

Bradford White’s subsidiary Laars Heating Systems will be supporting Heat-flo. “We are excited to build on the hard work demonstrated by the entire Heat-flo team,” said Domingo Mohedano, VP and GM, Laars Heating Systems. “Their dedication and reputation for building the highest quality stainless steel water heater products in our industry will allow us to achieve long-lasting success in the market.”

Heat-flo’s expansive heating system solutions and indirect stainless steel product portfolio will allow the company to expand its capabilities to meet the rapidly evolving regulatory environment in the water heater industry.

“I am very excited that Heat-flo will become part of Bradford White Corporation,” said George Celorier, founder of Heat-flo. “I selected Bradford White because of the alignment of our core values, and our unwavering commitment to our customers, employees, professional plumbers and wholesalers.  I am confident that the company we built is in good hands.”

“With this acquisition, we’ll be able to ensure Heat-flo continues to have the resources and support necessary to continue to grow and thrive well into the future,” Carnevale said.

Heat-flo offers a range of solutions, from multi-energy/solar and electric-based water heating systems to hydronic and radiant heating applications. Operations will continue at the Uxbridge, MA factory.

For more information about Bradford White and its trusted water heating, space heating, combination heating and storage products, visit www.bradfordwhitecorporation.

Kozak, vice president of sales for the top water and space heating manufacturer, is the fifth Bradford White executive honored with the annual award Matt Kozak, vice president of sales for Bradford White Water Heaters, a leader in the manufacture of water heating, space heating and storage products, has been named the 2021 recipient of Read more

Kozak, vice president of sales for the top water and space heating manufacturer, is the fifth Bradford White executive honored with the annual award

Matt Kozak, vice president of sales for Bradford White Water Heaters, a leader in the manufacture of water heating, space heating and storage products, has been named the 2021 recipient of the prestigious Golden Eagle Award by the Association of Independent Manufacturers’ Representatives (AIM/R).

The AIM/R Golden Eagle Award, presented annually at the group’s conference, recognizes senior-level plumbing manufacturing executives who have actively supported independent reps and their important role in the supply chain. Kozak was honored at the 49th Annual AIM/R Conference, held Sept. 28-Oct. 1 in San Diego.

“AIM/R provides valuable resources on issues like succession planning, sales techniques and running a solid business, all of which are of vital concern to their manufacturer partners,” Kozak said. “The support and tools offered by AIM/R enable reps to improve their business practices and strengthen the partnership and communication between reps and their manufacturers. We are such big believers in the group’s value that Bradford White strongly encourages all of our reps to belong to and be active in AIM/R.”

Kozak is the fifth executive from Bradford White to be selected for the award. Previous Bradford White Golden Eagle Award winners include Bob Carnevale, Nick Giuffre, Bruce Carnevale and Jim McGoldrick.

“Those who have previously been honored with the Golden Eagle Award have set the bar very high,” Kozak said. “Those leaders set the tone for how Bradford White as a company views and treats its reps, and I am pleased to be carrying on that tradition. We continue to only sell through wholesale and we use manufacturers’ reps as a conduit to our wholesale customers and their customers. Our reps are a huge part of who we are. They represent our company, they are our sales force, and they have daily interactions with our customer base, whether it’s with our product line or one of the others they represent. We treat our reps like family because if we do our job and take care of them, they will take care of us.”

Kozak began his career at Burnham Boilers and joined Bradford White in 2007. In 2020, he was promoted to his current position, where he is responsible for all customer-facing sales activities and business development. Kozak leads a team of talented sales professionals who are responsible for selling Bradford White’s products to wholesale and plumbing professionals across the United States and Canada.

For more information about Bradford White Water Heaters, please visit http://www.bradfordwhite.com.

Mechanical Hub recently spoke with Bradford White Corp.’s Bruce Carnevale, president and chief operating officer, about the state of the economy short term, and a bit about the industry in general. Here is an excerpt from the Q&A. How do you see the short-term economic outlook? a) Residential Plumbing — This should remain strong, due Read more

Mechanical Hub recently spoke with Bradford White Corp.’s Bruce Carnevale, president and chief operating officer, about the state of the economy short term, and a bit about the industry in general. Here is an excerpt from the Q&A.

How do you see the short-term economic outlook?
a) Residential Plumbing — This should remain strong, due in part to a good economy and the steady increase in home renovation projects. New home construction levels also remain stable, providing additional residential plumbing opportunities.
b) Commercial Plumbing — Feedback from specifiers, engineers, contractors and wholesalers, as well as key indicators from resources such as the Architectural Index, indicate that the commercial/mechanical contractors are largely backlogged through 2018. Also, it is important to note is that the bipartisan focus on infrastructure, will likely have both a short and long-term positive impact for commercial plumbing work.

c) Residential Hydronics — With the ever-broadening array of residential hydronic products, particularly combi-style options, the economic outlook is positive. Additionally, the same economic trends that will affect residential plumbing in 2018 come into play to enhance the outlook for residential hydronics.
d) Commercial Hydronics — Similar to commercial plumbing, all indications are that the prospects for commercial hydronics will remain solid through 2018. Between currently scheduled workloads and national, state and local infrastructure initiatives, the commercial hydronics outlook should remain healthy well beyond 2018.

What are the top indicators you examine to form these projections?
We aggregate a variety of data to help us arrive at our projections regarding our business and the industry at large. First, we have worked with a leading economist and his team over the past several decades to develop a proprietary trend report that gives us both a national and regional perspective on future sales and growth opportunities. We also examine industry related stock trends and look at data from other sources such as the National Association of Realtors, U.S. Census reports and the Dodge Report, just to name a few. Lastly, we look at these data points relative to the valuable information we get from our specifier, engineer, contractor and wholesaler customers.

What are some trends/factors that look positive—technology, construction, housing starts, units sold, etc.
There are a lot of good signs, most telling of which are the industry statistics that show higher sales, with water heaters in particular being up more than 5% over last year. Construction and housing trends also remain positive for the time being and economic growth is steady. We are also seeing some regional shifts in terms of energy utilization, most notably a move away from fossil fuels to electricity. The positive trend here is that as energy advocates and utility companies work more closely with manufacturers, we can be more responsive in terms of developing and providing the most relevant and efficient products possible to address consumer needs.

Conversely, what are some things that might concern you as you look to the future?
In a heated economy with GDP growing up to 3% and beyond, there could be a tightening of labor markets, increases in material costs, and a more accelerated rise in interest rates. A dramatic rise in interest rates could slow down spending, particularly when it comes to first-time home buyers, a trend that is already a concern as many of these potential home buyers are dealing with significant college debt. We also cannot ignore what’s happening on the global front, as the potential for more international conflicts or disturbances appears to be on the rise.

With year one under the new President in the rear view, in general, and from a company standpoint, how would you review his performance?
From a practical standpoint, his ability to address regulatory issues affecting domestic business growth has been a plus. His administration has also brought about a higher level of cooperation between the regulatory bodies and industry, helping to moderate what were once primarily adversarial relationships. By doing so, we can work together to bring about policies that are ultimately in the best interest of consumers. I think this change alone has had a significant impact on 2017’s economic growth, even more so than the anticipated tax reform benefits. Overall, despite the clumsiness of some of the administration’s messaging that has tarnished their results, the President deserves credit for taking action on the issues he promised would be addressed.

What are some things that directly affect the industry that you would like to see a more concentrated effort?
There should certainly be continued focus on modifying or even eliminating certain regulations that have stifled economic growth, particularity here in the United States. This would help companies like Bradford White, who prefer to keep their manufacturing facilities in this country. Also, a more coordinated effort between industry organizations to address common concerns would be beneficial. Various manufacturers, trade organizations and wholesaler associations are already doing great things on their own, but their combined strength would likely carry greater weight, thus driving quicker, more universally acceptable results. Another area of concentration that we can positively affect together is product training. Manufacturers are steadily increasing their efforts in this area, but doing more to work directly with trade organizations and suppliers on training initiatives would likely bring be more effective.