Go to deals
Construction & Engineering Services | Other Industries | Private Equity

The Jordan Company, L.P. has sold DiversiTech Corporation to Permira

The Jordan Company, L.P. has sold DiversiTech Corporation, North America’s leading manufacturer of a wide array of engineered aftermarket parts and components used in the repair, replacement and installation of residential HVACR systems, to Permira, a global private equity firm. Financial details have not been disclosed.

DiversiTech Corporation manufactures and supplies equipment pads and components, and related products for the heating, ventilating, air conditioning, and refrigeration (HVACR) industry. The company offers pads and equipment mounts, including lightweight concrete and plastic equipment pads, condensate management products such as condensate pumps, condensate drain line cleaning products, and condensate detection switches, maintenance chemicals, including coil cleaners, additives, and coil cleaning aerosols, and heating products such as hot surface igniters, ignition accessories, and vent termination kits.

Permira is a global private equity firm that invests in several sectors including consumer, financial services, healthcare, industrials and technology, and has approximately US$35 billion of committed capital. The firm was founded in 1985 and operated under the Schroder Ventures brand. After raising its first pan-European fund in 1997, the firm became Permira following a rebranding in 2001. Today Permira is an international investment firm with more than 200 people in 14 offices globally spanning Europe, North America and Asia.

The Jordan Company, L.P. is a private equity firm specializing in traditional leverage buyouts, recapitalizations, restructuring, public-to-private transactions, industry consolidation, and growth capital transactions of middle-market companies. The firm seeks to invest in a wide range of sectors with a focus on aerospace and defense, automotive aftermarket parts, building products, business services, contract research organizations, electric motors and controls, equipment rental, industrial safety and controls, chemicals, consumer products, distribution, education, energy, financial services, healthcare, industrial products and manufacturing, media and entertainment, insurance, metals, packaging, retail, transportation and logistics, and telecommunications.

One of Oaklins’ teams in the USA served as the exclusive financial advisor to the seller in this transaction.

Parties

Talk to the deal team

 James S. Grien

James S. Grien

Managing Director
Atlanta, United States
Oaklins TM Capital
 Michael S. Goldman

Michael S. Goldman

Managing Director
New York, United States
Oaklins TM Capital
 Philip S. Krieger

Philip S. Krieger

Managing Director
Atlanta, United States
Oaklins TM Capital
 Jarrad  Zalkin

Jarrad Zalkin

Managing Director
Boston, United States
Oaklins TM Capital

Related deals

HC Partners has successfully raised debt financing for the acquisition of AQ Group
Private Equity | Business Support Services

HC Partners has successfully raised debt financing for the acquisition of AQ Group

HC Partners, a Netherlands-based private equity firm, has raised debt financing for its acquisition of the HVAC installation business AQ Group. The financing was provided by ING and Aegon Asset Management. The tailored debt package provides the necessary flexibility in accordance with HC Partners’ vision and AQ Group’s foreseen growth trajectory.

Learn more
Grothe Bau has been acquired by TERRAS Tiefbau Group
Private Equity | Construction & Engineering Services

Grothe Bau has been acquired by TERRAS Tiefbau Group

The private shareholder of the civil engineering company Grothe Bau Group has sold a majority stake to the TERRAS Tiefbau Group. With this transaction, the combined group reinforces its market position and future growth potential in the civil engineering sector.

Learn more
Driv Kapital enters into partnership with renowned specialized IT consultancies SOCO, Gnist and Forse
Private Equity | TMT

Driv Kapital enters into partnership with renowned specialized IT consultancies SOCO, Gnist and Forse

Driv Kapital Fund I has acquired 38% of the shares in the newly established group consisting of Soco Norge AS (SOCO), Gnist Consulting AS (Gnist), Forse.NET AS (Forse.NET) and Forse Mobil AS (Forse Mobil). The companies’ founders, management and employees will own the remaining 62%. The partnership involves the creation of a new parent company which will have 100% ownership in all the companies, which until now have been owned by their founders and employees.

Learn more