DiversiTech is a leading aftermarket manufacturer and distributor of components for residential and light commercial heating, ventilating, air conditioning and refrigeration (‘HVACR’). Read more on how we are supporting their growth plans…
DiversiTech
Why we backed them
- To support the company’s value proposition as a one-stop shop for HVACR components and further differentiate DiversiTech as the market leader (more than twice the size of the next largest competitor today)
- To benefit from a resilient business model with underlying demand largely driven by recurring replacement, repair and maintenance of a large and growing installed base of 87+ million HVACR units in the U.S.
- To back a strong management team that is well known to the Permira team (COO and CFO of DiversiTech were former senior executives of Arysta LifeScience, a former Permira IV portfolio company)
The investment strategy
- To build wallet share with existing customers and improve the overall offering through product expansion and M&A
- To optimise supply chain and distribution through procurement savings and operational improvements
- To drive improved decision making through enhanced business intelligence capabilities, leveraging product and customer-level data and analytics
The metrics
2017
Acquisition year
160+
Product categories
#1
Leader in HVACR aftermarket components