Permira funds to acquire DiversiTech from The Jordan Co.

A Permira-funds-backed entity signed a definitive agreement to acquire HVACR aftermarket consolidator DiversiTech from The Jordan Co. LP, a sponsor-to-sponsor secondary buyout, with management retaining significant ownership.

“Permira announced that a company backed by the Permira funds has signed a definitive agreement to acquire DiversiTech from an affiliate of The Jordan Co. LP. As part of the transaction, the senior management team led by Jim Prescott, president and CEO, will remain significant owners of the company.”

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