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Majority stake · Closed Oct 2014

Nortek acquires Phoenix Wholesale HVAC distribution business (Arizona)

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Relationship map for Nortek acquires Phoenix Wholesale HVAC distribution business (Arizona)parent ofNortek Inc.: Operating CompanyNINortek Inc.Phoenix Wholesale Inc.: Operating CompanyPWPhoenix Wholesale Inc.
Operating Company

Parties

Acquirer
Nortek Inc.
Operating Company
Target
Phoenix Wholesale Inc.
Operating Company

Market signals

Summary

Nortek Inc. acquired the HVAC distribution business of privately owned Phoenix Wholesale Inc., funded from cash on hand, integrating five Arizona facilities into its Residential Heating and Cooling segment and bringing it to 12 company-owned distribution locations.