Res 38-2026 Kingspan Group plc (UEC-LP) to assume the existing performance agreement 04/07/2026 Resolution No. 38-2026
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC, 4A) by authorizing
Kingspan Group plc (UEC-LP) to assume the existing performance
agreement between the WFEDC and MA Acquisition Co, LLC (Magic
Aire) and providing that all terms of the existing contract remain in
effect.
WHEREAS, Texas Local Gov't. Code § 501.073(a) provides "The corporation's
authorizing unit will approve all programs and expenditures of a corporation and annually
review any financial statements of the corporation"; and,
WHEREAS, on March 26, 2026, the Wichita Falls Economic Development
Corporation's Board of Directors approved the project;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
The project described above of the Wichita Falls Economic Development
Corporation is hereby approved.
PASSED AND APPROVED this the 7th day of April, 2026.
MAYOR
ATTEST:
eputy City Clerk
WICHITA FALLS ECONOMIC DEVELOPMENT CORPORATION
PROJECT SUMMARY
March 26, 2026
SUBJECT: Magic Aire Contract Assumption
INITIATED BY: Moriah Williams
Overview.
MA Acquisition Co, LLC — known locally as Magic Aire, DBA United Electric, LLP, a Wichita Falls, Texas—based
manufacturer of high-performance air handling and HVAC solutions who has a current performance agreement
with the Wichita Falls Economic Development Corporation, dated July 20, 2010 and has remained in
compliance on the agreement since its execution, has been acquired by Kingspan Group plc through its
Kingspan Data Solutions division, marking a strategic expansion in the rapidly growing data center and
mission-critical infrastructure market. The acquisition brings Magic Aire's engineering expertise and advanced
manufacturing capabilities into Kingspan's global portfolio, strengthening its ability to deliver integrated thermal
management solutions while increasing production capacity to meet rising demand. As part of Kingspan Data
Solutions, Magic Aire will continue operating under its established brand and leadership, while benefiting from
greater access to global resources, supply chain efficiencies, and long-term investment to support continued
growth and innovation.
The Project:
Reassign the existing performance agreement and assume the owed amount on the loan of$235,294.11, to
include the retention of all existing full-time employees (128) to the new company.
Local Incentive Proposal:
The company is requesting the following from the Wichita Falls Economic Development Corporation:
Allow the reassignment of the existing contract and terms (listed above).
Recommendation:
We recommend that UEC-LP assume the existing performance contract between the WFEDC and MA
Acquisition Co., LLC, with a balance of$235,294.11, and agree to all terms of the contract remaining in tact.
Magic Aire Announces Acquisition by Kingspan to Strengthen Manufacturing
Capability and Support Growth
[Wichita Falls,Texas]—[March 02, 2026]—Magic Aire, a leading manufacturer of high-
performance air handling solutions, is pleased to announce that it has been acquired by
Kingspan Group plc through its specialist data center division, Kingspan Data Solutions.
Based in the United States, Magic Aire designs and manufactures high-quality air
handling units and engineered HVAC solutions for mission-critical and industrial
applications.The acquisition strengthens their manufacturing capability and
operational scale, supporting continued growth and expansion in the rapidly evolving
data center and mission-critical infrastructure markets, in which Kingspan Data
Solutions operates.
Magic Aire brings strong manufacturing expertise, advanced production capabilities,
and a reputation for engineering quality that complements Kingspan Data Solutions'
existing portfolio.The addition of Magic Aire enhances Kingspan's ability to deliver highly
engineered, integrated solutions while increasing production capacity and operational
resilience to support global customer demand.
"Magic Aire is a strong manufacturing business with deep technical expertise and a
proven track record of delivering high-quality engineered solutions,"said Seamus
Cussen, Divisional Managing Director, Kingspan Data Solutions."Bringing Magic Aire
into Kingspan Data Solutions strengthens our manufacturing capability and operational
capacity, supporting our long-term growth strategy and enabling us to better serve
customers in key markets."
"Joining Kingspan Data Solutions represents an exciting opportunity for Magic Aire,"said
Ron Duncan, President of Magic Aire."Kingspan shares our commitment to engineering
excellence, manufacturing quality, and customer service.With Kingspan's global reach
and investment capability,we are well positioned to expand our operations and support
customers with even greater capacity and technical expertise."
Magic Aire will continue to operate under its established brand and leadership team,
ensuring continuity for customers and partners.As part of Kingspan Data Solutions,the
business will benefit from enhanced access to global resources, supply chain
capabilities, engineering expertise, and long-term investment in manufacturing and
innovation.
The acquisition reinforces Kingspan Data Solutions'commitment to expanding its
manufacturing platform and strengthening its ability to deliver advanced engineered
solutions for data centers and other mission-critical environments worldwide.
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