M&A Deal Summary

Daikin Acquires TriState HVAC

On January 12, 2022, Daikin acquired manufacturer TriState HVAC

Acquisition Highlights
  • This is Daikin’s 4th transaction in the Manufacturing sector.
  • This is Daikin’s 5th transaction in the United States.
  • This is Daikin’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-01-12
Target TriState HVAC
Sector Manufacturing
Buyer(s) Daikin
Deal Type Add-on Acquisition

Target

TriState HVAC

West Conshohocken, Pennsylvania, United States
website
TriState HVAC Equipment is a multi-manufacturer representative in the Philadelphia market. It delivers technology and support to organizations across the eastern portion of Pennsylvania, as well as southern New Jersey. TriState HVAC is headquartered in West Conshohocken, Pennsylvania.

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Buyer(S) 1

Buyer

Daikin

Osaka, Japan

website

Category Company
Founded 1924
Sector Manufacturing
Employees88,698
Revenue 3,109.1B JPY (2022)
DESCRIPTION

Daikin is a leading innovator and provider of advanced, high-quality air conditioning solutions for residential, commercial, and industrial applications. Daikin was founded in 1924 and is based in Osaka, Japan.

DEAL STATS #
Overall 9 of 10
Sector (Manufacturing) 4 of 4
Type (Add-on Acquisition) 7 of 8
State (Pennsylvania) 1 of 1
Country (United States) 5 of 5
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-12 ThermalNetics

Auburn Hills, Michigan, United States

ThermalNetics is the major edge of energy recovery and environmentally responsible heating and cooling. ThermalNetics specialize in systems that do more than move air around our suite of innovative products allows us to improve the quality of the air you breathe. ThermalNetics was founded in 1972 and is headquartered in Auburn Hills, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-28 Duplomatic

Parabiago, Italy

Duplomatic is a producer of hydraulic valves, pumps, and oil-pressure activated systems which are mainly utilised in industrial applications for industries such as energy, machine tools, construction machineries, rubber and wood industry as well as naval and agricultural industry. Duplomatic was established in 1952 and is based in Parabiago, Italy.

Buy €220M
Mergr

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