Sale to Permira

Industrial
Sale to Permira

Summary

Baird served as the exclusive financial advisor to DiversiTech Holdings, Inc. on this transaction

About

DiversiTech Holdings, Inc. (“DiversiTech” or the “Company”), a portfolio company of The Jordan Company (“TJC”), recently announced its sale to Permira. Terms of the transaction were not disclosed.

DiversiTech is a leading aftermarket manufacturer and distributor of highly-engineered components for residential and light commercial heating, ventilation and air conditioning (“HVAC”). The Company’s extensive product offering includes equipment pads and mounts, condensate management, electrical, chemicals and other components & accessories. The Company offers its products primarily through wholesale trade and distribution channels in North America, Europe and Australia. DiversiTech was founded in 1971 and is headquartered in Duluth, Georgia.

The Jordan Company, founded in 1982, is a middle-market private equity firm that manages funds with original capital commitments in excess of $8 billion with a 35-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. Headquartered in New York, New York, TJC also has offices in Chicago, Illinois.

Founded in 1985, Permira is a global investment firm with total committed capital of approximately $35 billion. The Permira funds have made over 200 private equity investments in consumer, technology, industrials, healthcare and financial services industries. Permira is headquartered in London, the United Kingdom, with additional offices across Europe, North America and Asia.
CONTACT US TO LEARN MORE
Industrial
Sale to Permira
Date
May 2017
Company
DiversiTech Holdings, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
Europe

Share