Announced
Synopsis
Rheem, the US-headquartered provider of gas furnaces, heat pumps, air conditioners, air handlers, indoor air quality products, gas and electric water heaters, agreed to acquire Intergas, the leading Dutch manufacturer of space and water heating equipment from Bregal Freshstream. Financial terms were not disclosed. Rheem’s investment in Intergas is a pivotal step in the company’s strategy to become a global leader in water heating. “We are very proud of the progress that Intergas has made over the last few years, reinforcing its leading position in the Netherlands and further building its international distribution network. We look forward to watching its progress in the coming years. We are extremely pleased with the level of return we have generated for our investors.” Patrick Smulders, Bregal Freshstream’s Managing Partner.
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