THL Acquires Nortek Holdings in $1.74B Transaction

Affiliates of Thomas H. Lee Partners L.P., in partnership with management, purchased all outstanding capital of the former Nortek Holdings, Inc. in a transaction valued at approximately $1.74 billion before fees and expenses. The deal closed on August 27, 2004, with affiliates of Kelso and Company L.P. and certain other parties as sellers.

“On August 27, 2004, affiliates of Thomas H. Lee Partners L.P., in partnership with certain members of NTK Holdings’ management, purchased all of the outstanding capital of the former Nortek Holdings, Inc., in a transaction valued at approximately $1.74 billion before fees and expenses (the “THL transaction”) from affiliates of Kelso and Company L.P. and certain other parties.”

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