Add-on Acquisition • Manufacturing

Beijer Ref Acquires Quality Air Equipment

On February 29, 2024, Beijer Ref acquired manufacturer Quality Air Equipment

Acquisition Context
  • This is Beijer Ref’s 1st transaction in the Manufacturing sector.
  • This is Beijer Ref’s 1st transaction in Australia.

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M&A Deal Summary

Date February 29, 2024
Target Quality Air Equipment
Sector Manufacturing
Buyer(s) Beijer Ref
Deal Type Add-on Acquisition

Target Company

Quality Air Equipment

Prestons, Australia
Quality Air Equipment (QAE) is a manufacturer and wholesaler of custom-made and universal (standard) air distribution product systems for the commercial and residential heating, ventilation, and air conditioning industries. Quality Air Equipment was formed in 2000 and is based in Prestons, Australia.
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Buyer Overview 1

Buyer

Beijer Ref

Malmö, Sweden

Category Company
Founded 1866
Sector Distribution
Employees6,733
Revenue 35.7B USD (2024)
DESCRIPTION

Beijer Ref is a distributor of products within commercial refrigeration, industrial refrigeration, air conditioning, and heating with a strong local and global market presence across 425 branches through which it serves more than 100,000 customers. Beijer Ref was founded in 1866 and is based in Malmö, Sweden.


Deal Context for Buyer #
Overall 3 of 6
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 3 of 6
Country: Australia 1 of 1
Year: 2024 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 Heritage Distribution

Birmingham, Alabama, United States

Heritage Distribution is a distributor of heating, ventilating, air conditioning, and refrigeration (HVAC/R) parts, equipment, and supplies to HVAC/R contractors in the Southeastern and Midwestern US. Heritage Distribution is based in Birmingham, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-22 Young Supply

Detroit, Michigan, United States

Young Supply is a distributor of commercial refrigeration and HVAC. Young Supply was founded in 1935 and is based in Detroit, Michigan.

Buy -