Gryphon Investors to acquire AirX Climate Solutions from L Catterton.

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.