M&A Deal Summary

Nortek Air Solutions Acquires ELAN Home Systems

On January 17, 2003, Nortek Air Solutions acquired consumer products company ELAN Home Systems

Acquisition Highlights
  • This is Nortek Air Solutions’ 1st transaction in the Consumer Products sector.
  • This is Nortek Air Solutions’ 1st transaction in the United States.
  • This is Nortek Air Solutions’ 1st transaction in Kentucky.

M&A Deal Summary

Date 2003-01-17
Target ELAN Home Systems
Sector Consumer Products
Buyer(s) Nortek Air Solutions
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

ELAN Home Systems

Lexington, Kentucky, United States
ELAN Home Systems manufactures innovative distributed audio/video, communications and home automation systems targeted to the residential market.

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Buyer(S) 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 STATS #
Overall 2 of 11
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (Kentucky) 1 of 1
Country (United States) 1 of 9
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-18 Senior Air Systems

United Kingdom

Senior Air Systems a Stoke-on-Trent, England, company that manufacturers and sells air conditioning equipment. SAS, which currently manufactures its products under the Moducel and Colman brand names, specializes in sales to the non-residential HVAC markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-12 Napco

Sparta, North Carolina, United States

Napco, Inc. manufactures rigid paperboard products and packaging for the media and cosmetic industries.

Buy -