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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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Completed

Single Bidder

Friendly

Acquisition

Private Equity

Domestic

Diversified Industrials

HVAC manufacturing company

United States

Majority

Private

Synopsis

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H.I.G. Capital, a global alternative investment firm, completed the acquisition of Hart & Cooley, a manufacturer of HVAC and air distribution products, from Johnson Controls International, an American Irish-domiciled multinational conglomerate. Financial terms were not disclosed. “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 Chief Operating Officer.

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