Permira funds to acquire HVACR aftermarket consolidator DiversiTech from The Jordan Co.

A company backed by Permira funds signed a definitive agreement to acquire DiversiTech, a large HVACR aftermarket consolidator, from an affiliate of The Jordan Co. LP. Management led by CEO Jim Prescott will remain significant owners. The deal was expected to close in Q2 2017.

“NEW YORK — 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.”

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.