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Add-on acquisition · Closed Jan 2022 Verified

Rheem acquires DEJONG from Nordian Capital

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Relationship map for Rheem acquires DEJONG from Nordian Capitalbacksparent ofNordian Capital: Pe FirmNCNordian CapitalRheem: PlatformRheemDEJONG: Operating CompanyDEDEJONG
Operating CompanyPe FirmPlatform

Parties

Acquirer
Rheem
Platform
Target
DEJONG
Operating Company
Sponsor
Nordian Capital
Pe Firm

Market signals

Summary

Rheem announced the acquisition of DEJONG, a Netherlands-based hot water tank manufacturer, from private equity owner Nordian Capital. DEJONG will operate as a stand-alone business unit within Rheem's Global Water Division.

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