Divestiture • Distribution

Nortek Air Solutions Acquires Phoenix Wholesale - HVAC Equipment Distribution Business

On October 8, 2014, Nortek Air Solutions acquired distribution company Phoenix Wholesale - HVAC Equipment Distribution Business from Phoenix Wholesale

Acquisition Context
  • This is Nortek Air Solutions’ 1st transaction in the Distribution sector.
  • This is Nortek Air Solutions’ 7th transaction in the United States.
  • This is Nortek Air Solutions’ 1st transaction in Arizona.

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M&A Deal Summary

Date October 8, 2014
Target Phoenix Wholesale - HVAC Equipment Distribution Business
Sector Distribution
Buyer(s) Nortek Air Solutions
Sellers(s) Phoenix Wholesale
Deal Type Divestiture

Target Company

Phoenix Wholesale - HVAC Equipment Distribution Business

Surprise, Arizona, United States
Phoenix Wholesale - HVAC Equipment Distribution Business is a distributor of HVAC products.
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Buyer Overview 1

Buyer

Nortek Air Solutions

Okarche, Oklahoma, United States

Category Company
Founded 1977
Sector Manufacturing
DESCRIPTION

Nortek Air Solutions is a diversified manufacturer of world-class products spanning custom and commercial air solutions for high-performance environments, residential and commercial HVAC, and fresh air ventilation systems for homes. Nortek Air was founded in 1977 and is based in Okarche, Oklahoma.


Deal Context for Buyer #
Overall 8 of 11
Sector: Distribution 1 of 1
Type: Divestiture 4 of 4
State: Arizona 1 of 1
Country: United States 7 of 9
Year: 2014 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Thomas & Betts HVAC Business

United States

Thomas & Betts' HVAC business designs, manufactures and sells unit heaters, radiant heaters and rooftop heating, ventilation and cooling products for industrial and commercial applications primarily in North America and Europe.

Buy $260M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-21 Anthro

Tualatin, Oregon, United States

Anthro Corporation is an Oregon-based designer and manufacturer of technology furniture for its Ergonomic & Productivity Solutions segment which includes the Ergotron and OmniMount brands.

Buy -

Seller Profile 1

SELLER

Phoenix Wholesale

Surprise, Arizona, United States

Category Company
Founded 1981
Sector Distribution
DESCRIPTION

Phoenix Wholesale, Inc. is a distributor of heating, ventilating and air conditioning products.


Deal Context for Seller #
Overall 1 of 1
Sector: Distribution 1 of 1
Type: Divestiture 1 of 1
State: Arizona 1 of 1
Country: United States 1 of 1
Year: 2014 1 of 1