Deal closed Undated Verified
Air Distribution Technologies Completes Sale of PennBarry to Hessaire
Air Distribution Technologies (ADT), a portfolio company of Truelink Capital, has completed the sale of its PennBarry business to Hessaire Products, Inc. The transaction is part of ADT's strategy to streamline its portfolio and focus on core HVAC brands. PennBarry designs and manufactures ventilation solutions for industrial and commercial applications.
“Air Distribution Technologies (ADT) has completed the sale of its PennBarry business to Hessaire Products, Inc., marking another step in the company’s strategy to streamline its portfolio and strengthen its focus on core HVAC brands.”
Entities
Air Distribution Technologies · Parent Truelink Capital · Sponsor Hessaire Products, Inc. · Acquirer PennBarry · Target
HVAC Sentiment: Neutral
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