What Mits Air does

Mits Airconditioning Inc. (operating as Mits Air) is a privately held HVAC distributor founded in 1987 and headquartered in Mississauga, Ontario. The company distributes heating, ventilation, and air conditioning equipment through a dealer network of contractors, engineers, builders, and developers across Ontario, with four branch locations (Mississauga headquarters, Barrie, London, Windsor) and a dedicated Hydronics & Unico Division. Its portfolio spans residential cold-climate heat pumps, commercial Variable Refrigerant Flow (VRF) systems, boilers, water heaters, energy recovery ventilators, and hydronic components, anchored by a long-standing authorized distributor relationship with Mitsubishi Electric and supplemented by partnerships with Renewaire, Navien, IBC, Clivet, Lossnay, Unico, Exinda, Wasens, PremiSys, and Airzone.

The company's core technology emphasis is on cold-climate heat pump systems and VRF architecture, including water-source VRF heat recovery integrated with geothermal loops, H2i Hyper-Heat technology rated for heating output at temperatures as low as -25°C, and side-discharge cold-climate units. Beyond distribution of third-party brands, Mits Air markets a proprietary branded product line (M-Thermal, side discharge cold climate heat pumps, through-wall heat pumps, and heat pump water heaters) and operates a contractor-facing mobile application for technical support and product information. Notable project references include Canada's first zero-carbon-design office building (evolv1), LEED Platinum (Aquabella) and LEED Silver (Perimeter Institute) projects, and net-zero residential developments such as Victoria Commons and West 5.

The business model is wholesale hardware distribution combined with dealer enablement services. Mits Air generates revenue primarily from equipment and parts sales to contractors through its branch network, complemented by dealer support services including training, extended warranty certification, marketing support, and territory-based account management. Pricing is provided through dealer quotes rather than public listings, and the company does not sell directly to end consumers; downstream revenue is fragmented across many contractors serving residential, commercial, hydronics, and social-housing end markets. The company is privately held with no disclosed external investors, parent company, or acquisition activity.

Name

Mits Air

Legal name

Mits Airconditioning Inc.

Website

https://mitsair.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Mits Air is a privately held HVAC distributor founded in 1987 in Mississauga, Ontario, distributing heat pumps, VRF systems, boilers, and ventilation equipment through a dealer network of contractors, engineers, builders, and developers across Ontario.

Ownership category

akta.pro rank

Product category

HVAC Equipment Distribution

NAICS

Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers (42373), Refrigeration Equipment and Supplies Merchant Wholesalers (423740), Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (423720)

SIC

Wholesale-Industrial Machinery & Equipment (5084), Wholesale-Hardware & Plumbing & Heating Equipment & Supplies (5070), Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

HVAC, Water Heaters & Indoor Air Quality Distribution (CRAOAFAJ)

akta.pro secondary industries

HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB), Ventilation, Ducting & Air Distribution Equipment (IMAHAKAG), Chillers & Cooling Plant Equipment (IMAHAKAE), Dampers, Louvers & Ventilation Controls (IMADANAD)

Keywords

• HVAC equipment distribution
• Heat pump solutions
• VRF system distribution
• Hydronic heating solutions
• Cold climate HVAC

Headquarters

HQ city

Mississauga

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. HVAC Equipment Distribution: Distribution of heating, ventilation, and air conditioning equipment including heat pumps, VRF systems, boilers, and related components to contractors and dealers across Ontario
2. Parts and Accessories Sales: Sale of HVAC parts, controls, pumps, venting accessories and related components through their fully stocked inventory at branch locations
3. Dealer Network Program: Training, extended warranty certification, and marketing support services to dealers in their network

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Mits Airconditioning Inc. distributes heating, ventilation, and air conditioning (HVAC) equipment to contractors, engineers, builders, and developers across Ontario, Canada. The company distributes a portfolio that includes Mitsubishi Electric products (City Multi VRF systems, M-Series, P-Series, Zuba Central, Mr. Slim, QAHV hot water heat pumps), Mits Air proprietary branded equipment (cold climate heat pumps, through-wall units, M-Thermal systems, heat pump water heaters), and complementary hydronic, ventilation, and water monitoring products from brands such as Clivet, Exinda, Unico, Renewaire, Lossnay, IBC, Navien, Laars, Thermo2000, Aquamax, and Stelrad. The company operates four Ontario branch locations and provides dealer support services including training, extended warranty certification, technical assistance, and marketing support.

Product overview

Mits Airconditioning Inc. is an HVAC distributor (since 1987) operating as a multi-module distribution platform rather than a single unified product. The portfolio spans three core divisions: Residential (ductless and ducted heat pumps, cold climate systems, through-wall units, water heaters, ERVs, and leak detection), Commercial (City Multi VRF systems, P-Series heat pumps, Hybrid VRF, chillers, make-up air systems, and commercial ERVs), and Hydronics (boilers, indirect/tankless water heaters, radiators, and accessories). Proprietary Mits Air-branded products include M-Thermal systems, side discharge heat pumps, through-the-wall heat pumps, and heat pump water heaters, distributed alongside Mitsubishi Electric, Clivet, Exinda, Unico, Renewaire, Lossnay, IBC, Navien, Laars, Thermo2000, Aquamax, and Stelrad branded products. The company also offers a mobile app for contractor support.

Differentiator

Problem solved

Functional benefit

Products and services

• Mitsubishi Electric City Multi VRF Systems Variable Refrigerant Flow commercial HVAC system providing zone-by-zone heating and cooling for offices, condos, schools, and large buildings. Includes air-source and water-source configurations, heat recovery, and integration with geothermal systems.
• Mitsubishi Electric M-Series Heat Pump Ductless cold climate heat pump system for residential heating and cooling applications, with 100% heating output at -15°C.
• Mitsubishi Electric Zuba Multi Heat Pump Multi-zone cold climate heat pump system providing efficient heating and cooling for residential applications, including retrofits of social housing.
• Mitsubishi Electric Zuba Centrally Ducted Heat Pump with AHU Centralized ducted cold climate heat pump system integrated with air handling unit for whole-home heating and cooling.
• Mits Air Side Discharge Cold Climate Heat Pump with AHU Proprietary side discharge cold climate heat pump matched with air handling unit for cold weather performance.
• Mits Air Through the Wall Heat Pump Through-the-wall heat pump designed for PTAC/replacement applications in existing buildings.
• Mits Air M-Thermal (Heating, Cooling & Domestic Hot Water) Proprietary all-in-one heat pump system providing space heating, cooling, and domestic hot water heating for residential and commercial applications.
• Mits Air Heat Pump Water Heater (50/80 Gallon) Proprietary high-capacity heat pump water heater available in 50 and 80 gallon tank sizes for residential and commercial hot water.
• IBC Boilers Commercial and residential boilers by IBC for hydronic heating systems.
• Navien Boilers Condensing boilers by Navien for high-efficiency hydronic heating.
• IBC and Navien Tankless Water Heaters Tankless/on-demand water heaters by IBC and Navien for efficient residential and commercial hot water.
• Stelrad Radiators Hydronic radiators for residential and commercial space heating.
• Lossnay Energy Recovery Ventilators (ERV) Energy recovery ventilators by Mitsubishi Electric for controlled ventilation with heat recovery in residential and commercial buildings.
• Renewaire Energy Recovery Ventilators Energy recovery ventilators for maintaining indoor air quality while recovering energy from exhaust air, serving residential and commercial applications.
• Unico Small Duct High Velocity Heating & Cooling Small duct high velocity HVAC system for applications with limited space for traditional ductwork, including heritage renovations and retrofits.
• Mitsubishi Electric P-Series Heat Pump Commercial-grade heat pump system from Mitsubishi Electric's Mr. Slim product line for light commercial applications.
• Mitsubishi Electric Hybrid VRF (HVRF) Hybrid VRF system combining refrigerant and water-based heat exchange for enhanced efficiency in commercial applications.
• Clivet Air to Water Heat Pumps Commercial air-to-water heat pump systems for hydronic heating and cooling applications.
• Exinda Chiller Chiller systems for commercial cooling applications, available in water-to-water configurations.
• Mitsubishi Electric QAHV Domestic Hot Water Heat Pump Large-capacity commercial hot water heat pump for domestic hot water generation in commercial buildings.
• PremiSys Make Up Air Systems Make-up air systems for commercial applications requiring controlled fresh air introduction.
• Controls, Pumps, Venting & Accessories Comprehensive range of hydronic controls, pumps, venting solutions and accessories from Tekmar, HBX, Taco, Grundfos, and other brand products.
• Wasens Water Monitoring & Leak Detection Smart water monitoring and leak detection system for preventing water damage and reducing consumption in residential and commercial applications.
• Dealer Network Program Dealer support program providing training, extended warranty certification, and marketing support services to HVAC contractors joining the Mits Air dealer network.
• Warranty Registration Services Online warranty registration for Mitsubishi Electric, Mits Air, and Unico products distributed by the company.

Quantifiable outcome

• 50% reduction in heating bills for housing complexes (Bruce County, Trinity Glen)
• +5 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Mitsubishi ElectriccoreTechnology or Integration · 1 January 1987Primary distribution partner for Mitsubishi Electric heating and cooling products including City Multi VRF systems, M-Series, P-Series, Zuba Central, and Mr. Slim products. Mits Air has been distributing Mitsubishi Electric products since 1987 and is an authorized distributor providing warranty registration and technical support.
• RenewairecoreTechnology or IntegrationDistributor of Renewaire Energy Recovery Ventilators (ERV) for ventilation solutions in residential and commercial applications.
• NaviencoreTechnology or IntegrationDistributor of Navien tankless water heaters and boilers for hydronic heating applications.
• IBC (International Boiler Company)coreTechnology or IntegrationDistributor of IBC boilers, indirect water heaters, and tankless water heaters for hydronic systems.
• ClivetcoreTechnology or IntegrationDistributor of Clivet air to water heat pumps for commercial hydronic heating and cooling applications.
• LossnaycoreTechnology or IntegrationDistributor of Lossnay Energy Recovery Ventilators (ERV) for energy-efficient ventilation.
• Unico SystemcoreTechnology or IntegrationDistributor of Unico small duct high velocity heating and cooling systems for applications with space constraints.
• Canada Greener Homes GrantminorGTM or Marketing PartnerGovernment incentive program for energy-efficient home improvements that Mits Air helps customers navigate and access.
• EnbridgeminorGTM or Marketing PartnerUtility company offering rebates and incentives on HVAC equipment including commercial condensing tankless water heaters up to $700.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Johnstone Supply: North American HVACR cooperative distributor serving independent contractors, with a comparable product breadth (residential, commercial, refrigeration) and dealer-support model very similar to Mits Air's contractor-focused GTM.
• EMCO Corporation: Canadian TSX-listed distributor of plumbing, HVAC, waterworks, and industrial products through a network of profit centres across Canada. Closest publicly traded Canadian comp to Mits Air in terms of product mix (HVAC + hydronics + plumbing) and contractor/wholesaler GTM.

Broad incumbents

• Watsco Inc. The largest HVAC distributor in North America (Carrier, Rheem, Goodman, Mitsubishi and other brands), operating hundreds of branches across the US and Canada. Comparable business model and product category, but materially larger scale and broader geographic footprint than Mits Air.
• Ferguson Enterprises: Major North American wholesale distributor of plumbing, HVAC, and related products, with significant Canadian operations (formerly Wolseley Canada). Comparable distribution model in HVAC and hydronics, but serves a much broader product and customer base.
• Carrier Global Corporation: NYSE-listed global HVAC manufacturer whose products are distributed through dealer networks including distributors like Mits Air. Competes at the OEM tier rather than distribution, but Mits Air's commercial VRF and heat pump offering overlaps with Carrier's portfolio.
• Trane Technologies: NYSE-listed global HVAC manufacturer with a large commercial systems business. Comparable product category (commercial chillers, VRF/heat pumps, applied HVAC) and competitor of Mitsubishi Electric at the OEM level for the same contractor base Mits Air serves.
• Masco Corporation: NYSE-listed manufacturer of home improvement and building products including plumbing (Delta, Peerless) and HVAC components. Comparable in being a building products supplier into the same contractor channel, though Masco is a manufacturer rather than a distributor.
• Genuine Parts Company: NYSE-listed distributor with the Motion Industrial and NAPA Auto Parts businesses, but more relevant here for its S&Q Industrial and HVAC-related distribution exposure. Comparable as a multi-line B2B distributor serving trade customers with technical products.

Regional players

• Reece Limited: ASX-listed distributor of plumbing, HVAC, and bathroom products primarily in Australia and New Zealand. Comparable plumbing/HVAC distribution business model and contractor channel focus, but operates in a different geography.

Emerging players

• CoolSys: US-focused commercial refrigeration and HVAC services and distribution company with growing electrification and heat pump exposure. Comparable as a scale player in commercial HVAC distribution and services, though more US-centric than Mits Air's Ontario focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/MitsairInc
• Facebookfacebook.com/Mitsair
• LinkedInlinkedin.com/company/mitsair

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mits Air