Divestiture Nov 2016 · Canada Verified
Direct Energy divests Airtron Canada HVAC services business
Direct Energy Marketing divested its Airtron Canada HVAC, building automation, and energy efficiency services subsidiary (~400 employees, ~$82M revenue) to GDI/Ainsworth for ~$19.5 million.
“Ainsworth will acquire Airtron for a purchase price of approximately $19.5 million including vehicle leases, and will be subject to certain closing adjustments including working capital.”
Entities
Airtron Heating & Air Conditioning · Target Direct Energy (Centrica) · Parent Ainsworth Inc. · Acquirer
HVAC
Source: www.achrnews.com
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