18th April 2017
Permira, the global private equity firm, announced today that a company backed by the Permira funds has signed a definitive agreement to acquire DiversiTech, a leading aftermarket manufacturer and supplier of highly-engineered components for residential and light commercial heating, ventilating, air conditioning and refrigeration ("HVACR"), from an affiliate of The Jordan Company LP. As part of the transaction, the senior management team led by Jim Prescott, President & CEO, will remain significant owners of the company.
Founded in 1971, DiversiTech is the largest consolidator of the HVACR aftermarket with the broadest product offering in the space, including a wide range of must-have mechanical, electrical, chemical and structural parts and accessories critical to HVACR and electrical technicians. With over 150 product categories, including a range of proprietary manufactured products, DiversiTech serves over 4,500 customers looking for a one-stop-shop solution to consolidate their purchasing and streamline supply channels.
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