Announced
Financials
Tags
specialty heating
Machinery: Specialty
Acquisition
Domestic
Private Equity
Pending
Single Bidder
United States
mission-critical equipment
Private
Majority
Friendly
Synopsis
Gryphon Investors, a private equity firm, agreed to acquire AirX Climate Solutions, a designer, producer, distributor, and servicer of high-end, mission-critical equipment for the specialty heating, from L Catterton, a private equity firm. Financial terms were not disclosed. "With L Catterton's resources and its operational insights, coupled with ACS' talented and dedicated team, we have successfully grown ACS into a leading platform in the specialty HVAC industry. We are proud of all that ACS has achieved during our partnership with L Catterton, including enhancing our value proposition to better serve our customers' critical needs and becoming a leader in each of our diverse end markets. We are now poised for our next chapter of growth with Gryphon and look forward to building on our strong momentum," Rick Aldridge, AirX Climate Solutions CEO.
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