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Add-on acquisition · Closed Nov 2016

GDI / Ainsworth to acquire Airtron Canada from Direct Energy for ~$19.5 million

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Relationship map for GDI / Ainsworth to acquire Airtron Canada from Direct Energy for ~$19.5 millionparent ofGDI Integrated Facility Services Inc.: PlatformGIGDI Integrated Facili…Airtron Canada: Operating CompanyACAirtron Canada
Operating CompanyPlatform

Parties

Target
Airtron Canada
Operating Company
Deal value$19.5M reported total consideration · approximate as reported by achrnews.com

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

GDI Integrated Facility Services and its subsidiary Ainsworth Inc. agreed to acquire Direct Energy Business Services Limited (dba Airtron Canada), a Canadian HVAC and building-automation provider, from Direct Energy Marketing Limited for approximately $19.5 million, strengthening GDI's Technical Services segment.

Primary source