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New Deal


Announced

Completed

Daikin completed the merger with Elitaire.

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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United States

Majority

Completed

energy efficiency products

automation systems

Cross Border

hvac systems

Private

Machinery: Industrial

Acquisition

Single Bidder

Friendly

design firm

Mechanical engineering

Merger

Synopsis

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Daikin, a Japanese multinational air conditioning manufacturing company, completed the merger with Elitaire, a consulting and mechanical engineering design firm. Financial terms were not disclosed. “One source for service and solutions — and a full bench of skilled technicians — allows us to increase customer support no matter the need, and the value that ElitAire and our other independent reps provide to customers is a key reason we’re growing and positioned to lead the applied HVAC industry,” David Godsil, Daikin Industries vice president and general manager.

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