M&A Deal Summary

DuraVent Acquires Hart & Cooley

On October 5, 2021, DuraVent acquired machinery company Hart & Cooley from H.I.G. Private Equity

Acquisition Highlights
  • This is DuraVent’s 1st transaction in the Machinery sector.
  • This is DuraVent’s 1st transaction in the United States.
  • This is DuraVent’s 1st transaction in Michigan.

M&A Deal Summary
Date 2021-10-05
Target Hart & Cooley
Sector Machinery
Buyer(s) DuraVent
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

Hart & Cooley

Grand Rapids, Michigan, United States
website
Hart & Cooley is a manufacturer of HVAC and air distribution products, including vents, grilles, registers, diffusers, and rooftop and chimney products. Hart & Cooley was founded in 1901 and is based in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

DuraVent

Detroit, Michigan, United States

website

Category Company
Founded 1956
Sector Manufacturing
DESCRIPTION

DuraVent is a manufacturer of venting products for gas, wood, oil, pellet, and fuel burning appliances. Consistently first-to-market with new innovations in venting systems, DuraVent has captured its leadership position with best-in-class design and manufacturing capabilities, world-class distribution networks, and customer-first service and support. DuraVent is committed to continuing this trend by providing the industry with cutting-edge products and refinements to existing products that not only meet the demands of today’s market but go beyond it. DuraVent was formed in 1956 and is based in Detroit, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 134 of 153
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 60 of 65
State (Michigan) 2 of 3
Country (United States) 99 of 112
Year (2021) 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 GLD

Miami, Florida, United States

GLD is a digitally native, direct-to-consumer e-commerce brand offering jewelry, accessories, and apparel. The brand provides classic as well as on-trend pieces centered around modern, long-dated, high-growth consumer trends such as urban, streetwear, sports, gaming, and skate. GLD is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Health Network One

Fort Lauderdale, Florida, United States

Health Network One is an operator of specialty medical provider networks across multiple specialties, including Physical, Occupational, and Speech Therapy; Dermatology; Vision and Ophthalmology; Podiatry; Gastroenterology; and Urology. Health Network One was founded in 1999 and is based in Fort Lauderdale, Florida.

Buy -
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