Canada’s largest agrihood recently witnessed homebuyers camp out for chance to buy at Southlands Tsawwassen

TSAWWASSEN, British Columbia–(BUSINESS WIRE)–The ongoing challenges of the COVID-19 pandemic and big-city housing affordability have led to a record-breaking number of people leaving Canada’s biggest cities. This is no more evident than by the incredible sales success witnessed by Century Group, as dozens of hopeful homebuyers camped out overnight during a recent weekend at Southlands in Tsawwassen for the chance to secure a home in the latest phase of the agrihood.

A total of 40 groups of prospective homebuyers spent the night outside for the opportunity to secure their preferred new condo unit at District Flats, the latest phase at the multiphase community in South Delta. Unlike any community in Canada, Southlands is a strategically planned and pedestrian oriented agricultural community.

District Flats, designed by Hotson Architecture, will offer residents a safe, close knit community filled with urban amenities, making it the perfect place to escape hectic city life while still being close to the action. Southlands provides residents with the unique opportunity to enjoy locally grown food, support farmers, protect the local food supply, and connect with agriculture along with fresh air, plenty of green space, and access to Centennial Beach and Boundary Bay Regional Park.

District Flats is the community’s first condo offering and is also Southland’s most urban offering to date. The condos feature a refined industrial aesthetic and modern, contemporary architecture, unlike any other design in the area and are located in the heart of Market Square with restaurants such as the planned Four Winds Brewing Co. location and existing Prado Cafe nearby, making it easy for residents to transition their city lifestyle to Southlands.

The 34 homes sold out the next day, and those who were not successful in purchasing a home were placed on a waitlist.

“The excitement we saw this weekend shows the real estate market is still strong and people recognize that our offerings are more unique to anything else presented here in Metro Vancouver,” says Sean Hodgins, President of Century Group. “District Flats has allowed us to expand our reach to younger professionals, as well as downsizers who have had enough of big city life and are eager to embrace a small town lifestyle.”

Southlands will be releasing their next phase of housing in Spring 2022.

About Southlands Tsawwassen

Southlands is a place where agriculture is celebrated by providing farming that is integrated into every aspect of community life. The ethos of farming and food expands from Southlands inner core and touches every edge of this community. A place where the design of the homes invites connections with one’s neighbours and a sense of safety and community where kids can be set free. Southlands creates a sense of place that hints at exclusivity while welcoming the greater community to take advantage of its beauty and connections to Boundary Bay.

About Century Group

Century Group is a family-owned company that began developing houses in Tsawwassen more than 60 years ago. Century Group specializes in local residential development projects with mixed housing types and is a leader in design and construction of mixed-use communities. Our operations include property management and the construction and operation of seniors’ residences as well as hotel and restaurant properties.

Contacts

Evan Duggan

evan@talkshopmedia.com

Leading U.S.-based HVAC Distributor Doubles Footprint in Canada

NEW LENOX, Ill.–(BUSINESS WIRE)–Munch’s Supply (the “Company”), a leading North American heating, air conditioning, and plumbing distributor has acquired TML Supply and its 13 branches servicing the province of Ontario, Canada. This will expand Munch’s geographic footprint to 64 locations serving 16 U.S. states and one Canadian province.

TML Supply President Bill Edmanson said, “We are so proud of the legacy that we’ve built at TML Supply. Our customers and employees have always come first and I am excited about the bright future that a partnership with Munch’s Supply offers. We are excited about the opportunities this transaction provides to both TML Supply employees and customers.”

“Bill and his team have been serving the Ontario market since 1953, building one of the largest distributorships in the province,” said Bob Munch, CEO of Munch’s Supply. “They have done this by providing exceptional service and high-quality HVAC brands like Tempstar, Keeprite and Frigidaire, along with a highly successful sheet metal fabrication business. We are honored to be given the opportunity to continue growing TML Supply in the Ontario market.”

Curtis Shea, President of Munch’s Supply in Canada added, “TML Supply has earned a great reputation as a preeminent provider of HVAC products in Ontario. We are excited to welcome them to the Munch family.”

The acquisition demonstrates Munch’s ongoing dedication to the HVAC and plumbing marketplace and reinforces its commitment to partnering with family and customer-service focused businesses looking for either a long-term partnership or an exit strategy.

Munch’s Supply has been operating in the Chicagoland area for 65 years and is consistently ranked as a top HVAC distributor in the United States. Ridgemont Equity Partners, a middle-market private equity firm, acquired a majority stake in Munch’s Supply in 2019 and continues to support the Company in its organic and M&A growth initiatives.

About Munch’s Supply

Munch’s Supply was founded in 1956 by Willard Munch, who wanted to develop a local source of electrical supplies for area contractors. Today, the Company has more than 1,000 employees focused on supplying heating, cooling and plumbing industry contractors with quality products and exceptional service. Proudly celebrating its 65^th year in business in 2021, Munch’s Supply operates with a commitment to service as a leading distributor for trusted brands such as American Standard, Trane, Mitsubishi, Rheem, IPEX, AO Smith, Kohler, Tempstar, Keeprite and Frigidaire. Through Munch’s Holdings, LLC, it operates Munch’s Supply, Tommark, O’Connor Company, Comfort Air Distributing, C&L Supply HVAC and Plumbing, API of NH and Delta T, Marks Supply and TML Supply which continue to serve as the premier sources for HVAC and plumbing equipment and supplies to contractors throughout North America. www.munchsupply.com

About Ridgemont Equity Partners

Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5.5 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont’s most recent flagship fund, REP III, was formed in 2018 and has $1.65B of committed capital. www.ridgemontep.com

Contacts

Mary Jo Hann

Munch’s Supply

Maryjo.hann@munchsupply.com
847-833-5223

LONDON–(BUSINESS WIRE)–nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced it is the first heat tracing cable manufacturer to secure third-party verification of a product’s long-term power retention capabilities. Underwriters’ Laboratories (UL) recently verified the performance of the nVent RAYCHEM HTV self-regulating heating cable to retain 100% power output following 18 months of intensive, continuous testing at the product’s maximum operating temperature of 205°C (400°F).

This announcement marks the first time the international certification agency UL has verified a heat tracing product’s performance over such an extended period. Regulatory standards typically focus on validating a product’s safety status and short-term performance, but there are currently no regulatory requirements for heating cable longevity or power retention beyond the first few months of operation.

“nVent has been at the forefront of innovation in the heat tracing sector for well over 50 years – continuously developing new technologies and techniques that connect and protect people, critical infrastructure, industrial processes and buildings,” said Brad Faulconer, president, nVent Thermal Management. “Securing a UL Verified Mark for our nVent RAYCHEM HTV heating cable’s superior long-term performance is the latest in a long line of industry firsts, which demonstrates our commitment to true quality and giving our customers solutions that work better, for longer.”

Redefining long-term performance standards

nVent combined the recent nVent RAYCHEM HTV heat tracing cable test data with 3D Arrhenius modelling techniques to establish concrete lifetime ratings for its heating cable. Based on these ratings, the nVent RAYCHEM HTV heating cable sets a new standard in heat tracing performance, offering a minimum of 95% power retention after 10 years and a design life of 30 years. The overall result is a reliable solution that industrial manufacturers can trust to protect their temperature critical operations.

Cost-efficient quality

Consistent power retention is critical for ensuring plants and facilities can cope with most unexpected scenarios, such as extreme weather conditions. It can be difficult for operators to regularly assess the performance status of heating cables, making it challenging to quickly identify diminished power retention. With extensive reliability data now confirmed by a third-party source, the nVent RAYCHEM HTV heating cable can help plant managers keep their facilities running smoothly and safely. This hard-wearing solution also can deliver an enhanced return on investment, with lower operating costs over time and reduced risks from catastrophic failures that can cause production delays and even plant closures.

To learn more about the nVent RAYCHEM HTV UL Verified Mark visit https://verify.ul.com/verifications/670

To learn more about the nVent RAYCHEM HTV heating cable, visit https://raychem.nvent.com/en-us/products/htv-self-regulating-heating-cable-0

About nVent

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world’s most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.

Contacts

Koen Verleyen

EMEAI Marketing Manager

nVent

+32(0)478904219

Koen.Verleyen@nvent.com

Eugene Ho

NAM Marketing Manager

nVent

+1-650-474-7508

Eugene.Ho@nvent.com

Kang Wang

APAC Marketing Manager

nVent

+86-21-24121567

Kang.Wang@nvent.com