Announced
Completed
Financials
Tags
Disposal
Domestic
Single Bidder
HVAC manufacturing company
Private
Majority
Acquisition
Diversified Industrials
Completed
Private Equity
United States
Friendly
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.