Deal announced Apr 2017 · New York, N.Y. Verified
Permira funds to acquire DiversiTech from The Jordan Company
Permira-backed entity signed a definitive agreement to acquire HVACR aftermarket components maker DiversiTech from The Jordan Company LP, a PE-to-PE sponsor transition with management retaining significant ownership.
“Permira, the global private equity firm, announced that a company backed by the Permira funds has signed a definitive agreement to acquire DiversiTech, an aftermarket manufacturer and supplier of highly-engineered components for residential and light commercial heating, ventilating, air conditioning and refrigeration (“HVACR”), from an affiliate of The Jordan Company LP.”
Entities
HVACRefrigeration Sentiment: Positive
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.