Divestiture • Machinery

Ormandy Rycroft Acquires Hevac

On January 16, 2023, Ormandy Rycroft acquired machinery company Hevac from Exchanger Industries

Acquisition Context
  • This is Ormandy Rycroft’s 1st transaction in the Machinery sector.
  • This is Ormandy Rycroft’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date January 16, 2023
Target Hevac
Sector Machinery
Buyer(s) Ormandy Rycroft
Sellers(s) Exchanger Industries
Deal Type Divestiture

Target Company

Hevac

Watford, United Kingdom
Hevac is a Heating Ventilation and Air Conditioning (HVAC) solutions provider. Hevac was founded in 1994 and is based in Watford, England.
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Buyer Overview 1

Buyer

Ormandy Rycroft

United Kingdom

Category Company
Sector Manufacturing
DESCRIPTION

Ormandy Rycroft is a provider in the design and manufactures a comprehensive range of storage calorifiers, semi storage calorifiers, indirect cylinders and buffer vessels to provide a flexible and economic solution for all water heating requirements.


Deal Context for Buyer #
Overall 1 of 1
Sector: Machinery 1 of 1
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

Exchanger Industries

Calgary, Alberta, Canada

Category Company
Founded 1961
Sector Machinery
DESCRIPTION

Exchanger Industries designs and manufactures heat transfer equipment for the global oil, natural gas, and petrochemical industries. Exchanger Industries was founded in 1961 and is based in Calgary, Alberta.


Deal Context for Seller #
Overall 1 of 1
Sector: Machinery 1 of 1
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 HRS Heat Exchangers

Hertfordshire, United Kingdom

HRS Heat Exchangers is a provider of plate heat exchangers, corrugated tube heat exchangers (annular space heat exchangers, double tube heat exchangers, multitube heat exchangers) and scraped surface heat exchangers. HRS Heat Exchangers was founded in 1981 and is based in Hertfordshire, United Kingdom.

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