The private shareholders of 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, have sold the company to The Jordan Company, L.P., a New York-based private equity firm. Financial details have not been disclosed.
DiversiTech is the market leading manufacturer and distributor of HVACR equipment pads and offers an extensive, proprietary portfolio of condensate management equipment, HVACR maintenance chemicals and electrical accessories. The company’s breadth of offerings, extraordinary product innovation capabilities and industry leadership combine to position DiversiTech as the “one-stop-source” for HVACR distributors nationwide in the USA and Canada.
The Jordan Company, with over US$8 billion of cumulative equity commitments, is one of the world’s most respected investors in middle market industrial businesses and has a storied history of partnering with management teams to build long term value. Headquartered in New York City, the firm also has offices in Chicago and Shanghai.
One of Oaklins' teams in the USA served as the exclusive financial advisor to the seller in this transaction.
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