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Add-on acquisition Nov 2016 · Canada Verified

GDI / Ainsworth to acquire Airtron Canada from Direct Energy for ~$19.5 million

GDI Integrated Facility Services and its subsidiary Ainsworth Inc. agreed to acquire Direct Energy Business Services Limited (dba Airtron Canada), a Canadian HVAC and building-automation provider, from Direct Energy Marketing Limited for approximately $19.5 million, strengthening GDI's Technical Services segment.

“GDI Integrated Facility Services Inc. announced that it and its wholly-owned subsidiary Ainsworth Inc. have entered into an agreement to acquire Direct Energy Business Services Limited, doing business as Airtron Canada, a subsidiary of Direct Energy Marketing Limited.”

Entities

Direct Energy (Centrica) · Parent Ainsworth Inc. · Acquirer Airtron Canada · Target GDI Integrated Facility Services Inc. · Acquirer
HVACOther

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