Add-on acquisition Aug 2016 · Houston / Montreal Verified
Sterling Group portfolio co Specified Air acquires Dectron
Specified Air Solutions, a portfolio company of PE firm The Sterling Group, completed the acquisition of the Dectron pool dehumidification systems business from the Lakdawala family as part of Sterling's buy-and-build strategy.
“Specified Air Solutions, a manufacturer of semi-custom commercial and industrial HVAC equipment, has completed the acquisition of the Dectron pool dehumidification systems business from the Lakdawala family. Specified Air is a portfolio company of The Sterling Group, a Houston-based middle market private equity firm.”
Entities
Dectron · Target Lakdawala family · Mentioned Specified Air Solutions · Platform The Sterling Group · Sponsor
HVAC
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.