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  6. LAARS Acquires Electro Industries

M&A Deal Summary

LAARS Acquires Electro Industries

On January 4, 2024, LAARS acquired manufacturer Electro Industries

Acquisition Highlights
  • This is LAARS’s 1st transaction in the Manufacturing sector.
  • This is LAARS’s 1st transaction in the United States.
  • This is LAARS’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2024-01-04
Target Electro Industries
Sector Manufacturing
Buyer(s) LAARS
Deal Type Add-on Acquisition

Target

Electro Industries

Monticello, Minnesota, United States
Electro Industries is a manufacturer of electric boilers, air-to-water heat pump technology, electric duct heaters, and controls. Electro Industries was founded in 1974 and is based in Monticello, Minnesota.

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Buyer(S) 1

Buyer

LAARS

Rochester, New Hampshire, United States
Category Company
Founded 1948
Sector Machinery
DESCRIPTION

LAARS manufactures and distributes products widely used in residential and commercial space heating, radiant floor heating, volume water heating, and in industrial process markets. LAARS was founded in 1948 and is based in Rochester, New Hampshire.

DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
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