Announced
Completed
Financials
Tags
gas fireplaces
designer and manufacturer
Canada
Household Appliance
Acquisition
Single Bidder
Completed
Friendly
Private Equity
Cross Border
Majority
Private
Synopsis
Empire Comfort Systems, a manufacturer of hearth products, grills, and space heaters, completed the acquisition of Montigo Fireplaces, a designer and manufacturer of residential and commercial gas fireplaces, from CAI Capital Partners, a Vancouver-based private equity firm. Financial terms were not disclosed. “It has been a pleasure to work with the CAI team while we collaboratively and successfully navigated one of the most tumultuous business environments in recent memory. The management team and I have appreciated their unwavering support and partnership mindset. We are looking forward to working with Empire Group to continue building the Montigo brand,” Pat Bradley, Montigo Fireplaces President and CEO.
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