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Majority stake Announced Nov 2016

GDI Integrated Facility Services / Ainsworth to acquire Airtron Canada from Direct Energy for ~$19.5M

Relationship map

Relationship map for GDI Integrated Facility Services / Ainsworth to acquire Airtron Canada from Direct Energy for ~$19.5Mparent ofAinsworth Inc.: PlatformAinsworth Inc.Airtron Heating & Air Conditioning: Operating CompanyAirtron Heating & Air…
Operating CompanyPlatform

Parties
Acquirer
Ainsworth Inc.
Platform
Target
Airtron Heating & Air Conditioning
Operating Company

Market signals

Summary

GDI Integrated Facility Services and its subsidiary Ainsworth entered an agreement to acquire Airtron Canada (Direct Energy Business Services) from Direct Energy Marketing for approximately $19.5 million, expanding GDI's Technical Services segment to ~$225M proforma revenue.