Majority stake Announced Dec 2022
Beijer Ref to acquire Heritage Distribution for USD 1,275 million
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Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
Beijer Ref has signed a binding agreement with Gryphon Investors to acquire approximately 98% of Heritage Distribution, a leading North American HVACR distributor, for USD 1,275 million. The acquisition marks Beijer Ref's entry into the North American market and is expected to close in early Q1 2023.