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New Deal


Announced

Completed

Empire Comfort Systems completed the acquisition of Montigo Fireplaces from CAI Capital Partners.

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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gas fireplaces

designer and manufacturer

Canada

Household Appliance

Acquisition

Single Bidder

Completed

Friendly

Private Equity

Cross Border

Majority

Private

Synopsis

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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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