Permira funds to acquire DiversiTech from The Jordan Company

Private equity firm Permira signed a definitive agreement, via a Permira-funds-backed company, to acquire HVACR aftermarket consolidator DiversiTech from an affiliate of The Jordan Co. LP; management led by CEO Jim Prescott will retain significant ownership. Expected to close Q2 2017.

“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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