Sensata Technologies to acquire Airpax Holdings for $276M from Chicago Growth Partners

Sensata Technologies reached a definitive agreement with PE backer Chicago Growth Partners and Airpax management to acquire Airpax Holdings, a maker of components and controls serving HVAC and refrigeration OEMs among other markets, for $276 million, with closing expected in July.

“Sensata Technologies Inc., a leading designer and manufacturer of sensors and controls, announced that it has reached a definitive agreement with Chicago Growth Partners and Airpax senior management to acquire Airpax Holdings Inc., a manufacturer of components and systems for power protection, sensing, and control applications. The $276 million purchase is expected to be completed in July.”

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