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Add-on acquisition · Closed Oct 2024 Verified

Daikin Applied makes majority investment in Varitec Solutions

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Relationship map for Daikin Applied makes majority investment in Varitec Solutionsparent ofDaikin Applied: PlatformDaikin AppliedVaritec Solutions: Operating CompanyVaritec Solutions
Operating CompanyPlatform

Parties

Acquirer
Daikin Applied
Platform
Target
Varitec Solutions
Operating Company

Market signals

Summary

Daikin Applied made a majority investment in (and refers to acquiring) Phoenix-based commercial HVAC firm Varitec Solutions, a long-time Daikin representative in the Southwest U.S. Chris Carlson continues as president.