M&A Deal Summary

Soler & Palau Ventilation Acquires United Enertech

On April 22, 2024, Soler & Palau Ventilation acquired manufacturer United Enertech from DalFort Capital Partners

Acquisition Highlights
  • This is Soler & Palau Ventilation’s 1st transaction in the Manufacturing sector.
  • This is Soler & Palau Ventilation’s 1st transaction in the United States.
  • This is Soler & Palau Ventilation’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2024-04-22
Target United Enertech
Sector Manufacturing
Buyer(s) Soler & Palau Ventilation
Sellers(s) DalFort Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Lazard Ltd. (Financial)
Spencer Fane
Stinson (Legal)

Target

United Enertech

Chattanooga, Tennessee, United States
United Enertech designs, develops, and manufactures mechanical and architectural air movement and control products, primarily for the commercial, industrial, and power generation markets. Its products include dampers, louvers, roof curbs and rails, sunshades, grills/diffusers, access doors, and ventilators. United Enertech is based in Chattanooga, Tennessee.

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Buyer(S) 1

Buyer

Soler & Palau Ventilation

Barcelona, Spain

Category Company
Sector Manufacturing
DESCRIPTION

Soler & Palau Ventilation manufactures and supplies residential, commercial, and industrial fans, dampers, louvers, and recovery vents in the US, Canada, South America. Soler & Palau Ventilation is based in Barcelona, Spain.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

DalFort Capital Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

Dalfort Capital is a private equity firm that focuses on lower middle-market companies headquartered in Southwest US. Areas of interest include industrial manufacturing and services, specialty chemicals, building materials, energy products and services, and logistics/transportation. The Firm looks to invest in companies with revenue of $15 - $100 million and EBITDA of $3- $15 million. Types of the transaction include LBOs, recapitalizations, and corporate divestitures. Dalfort Capital was established in 2016 and is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Oil-Rite

Manitowoc, Wisconsin, United States

Oil-Rite is a designer, manufacturer, and distributor of lubrication equipment and delivery systems. Oil-Rite maintains its product category in the heavy construction, mining, manufacturing, transportation, marine, textile, paper, energy, and agriculture end-markets. Oil-Rite operates out of a 45,000 square-foot facility where it machines, manufactures and assembles all products. Oil-Rite was founded in 1933 and is based in Manitowoc, Wisconsin.

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