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New Deal


Announced

Completed

H.I.G. Capital completed the acquisition of Hart & Cooley from Johnson Controls.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Disposal

Domestic

Single Bidder

HVAC manufacturing company

Private

Majority

Acquisition

Diversified Industrials

Completed

Private Equity

United States

Friendly

Synopsis

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Private equity firm H.I.G. Capital completed the acquisition of Hart & Cooley, a manufacturer of HVAC and air distribution products, from Johnson Controls, an American Irish-domiciled multinational conglomerate. Financial terms were not disclosed. "We are excited that H.I.G. has committed to investing in our business. They have a successful track record of adding value to companies like ours. This partnership will allow us to continue our focus on growth and innovation along with operational improvements that will provide new opportunities to serve our customers," Jim Kaboski, Hart & Cooley COO.

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