Modine acquires Airedale International Air Conditioning for ~$38M

HVACR manufacturer Modine Manufacturing acquired UK specialty air conditioning maker Airedale International for about $38 million in cash, nearly doubling Modine's HVACR business. This is corporate strategic M&A, not a PE-backed home-service roll-up.

“Modine Manufacturing Co. announced that it has acquired privately held Airedale International Air Conditioning Limited of Leeds, England, for approximately $38 million in cash.”

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