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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

HVAC
Source: www.achrnews.com

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.