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New Deal


Announced

Beijer Ref to acquire Heritage Distribution Holdings from Gryphon Investors.

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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Single Bidder

United States

Friendly

Pending

Private

Specialty Retailers

Acquisition

Cross Border

Majority

hvac retailer

Synopsis

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Beijer Ref, a distributor of commercial refrigeration, industrial refrigeration, and air conditioning, agreed to acquire Heritage Distribution Holdings, a wholesale distributor of HVAC/R equipment, parts, supplies, and customer service, from Gryphon Investors, a private equity firm. Financial terms were not disclosed. "Our vision was to build a multi-regional distribution platform that would become a leading HVAC/R brand in the Southeastern and Midwestern United States. We are proud to have supported the Company's growth while maintaining a focus on top-quality customer service across the entire family of brands," Craig Nikrant, Gryphon Operating Partner.

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