Mueller Industries and Atlas Holdings to acquire Tecumseh Products in $123M merger

Tecumseh Products Co., a refrigeration and air conditioning compressor maker, entered a definitive merger agreement to be acquired by an affiliate of Mueller Industries and PE firm Atlas Holdings for ~$123M via a $5.00/share cash tender offer (155% premium); Tecumseh will be taken private and delisted from NASDAQ.

“Tecumseh Products Co., a leading manufacturer of refrigeration and air conditioning compressors, announced that it has entered into a definitive merger agreement under which an affiliate of Mueller Industries Inc. and Atlas Holdings LLC will acquire Tecumseh in a transaction valued at approximately $123 million, including the assumption of net debt.”

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