Sale to L Catterton

Industrial
Consumer
Sale to L Catterton

Summary

Baird served as a financial advisor to Airxcel Holdings, Inc. on this transaction

About

AXL Holdings, Inc. (“Airxcel” or the “Company”), a portfolio company of One Rock Capital Partners, LLC (“One Rock”), was recently acquired by L Catterton. Terms of the transaction were not disclosed.

Airxcel is one of the largest suppliers of industry-leading branded products to the recreational vehicle (“RV”) industry and specialty segments of the industrial and commercial HVAC market. The Company’s RV segment produces and distributes air conditioners, furnaces, water heaters, cooking appliances, rooftop products, sealants, window coverings and ventilation systems for recreation vehicles. The Company’s industrial and commercial segment manufactures climate control equipment for telecommunication shelters, schools and other commercial and industrial applications. Airxcel products are sold under well-known brands Coleman-Mach, MCD, Marvair, MaxxAir, Dicor, Suburban, Industrial Climate Engineering and Eubank. Airxcel operates through nine facilities across the United States with approximately 1,270 employees. Airxcel is headquartered in Wichita, Kansas.

One Rock makes controlling investments in companies with potential for growth and operational improvement using a rigorous approach that utilizes highly experienced Operating Partners to identify, acquire and enhance businesses in select industries. One Rock has offices in New York and Los Angeles and is headquartered in New York, New York.

L Catterton is the largest and most global consumer-focused private equity firm in the world, with over $14 billion of equity capital across six fund strategies in 17 offices globally. L Catterton's team of more than 160 investment and operating professionals partners with management teams around the world to implement strategic plans to foster growth, leveraging deep category insight, operational excellence and a broad thought partnership network. Since 1989, the firm has made over 200 investments in leading consumer brands. L Catterton is headquartered in Greenwich, Connecticut.
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Industrial
Consumer
Sale to L Catterton
Date
April 2018
Company
AXL Holdings, Inc.
Transaction
M&A
Sectors
Industrial
Consumer
Target Location
North America
Acquiror Location
North America

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