New York, NY, June 02, 2017
–
Permira, the global private equity firm, announced today that a company backed by the Permira funds
has successfully completed the acquisition of DiversiTech, a leading aftermarket manufacturer and supplier of highly-
engineered components for residential and light commercial heating, ventilating, air conditioning and refrigeration.
Permira will draw on its significant global experience in backing value-added manufacturing and distribution
companies to help DiversiTech expand its product offerings and geographical footprint, both organically and
through acquisition opportunities. DiversiTech’s senior management team, led by Jim Prescott, President & CEO, will remain significant ownersof the company.
About DiversiTech
Founded in 1971, DiversiTech® Corporation
is North America’s largest manufacturer of equipment pads and a leading manufacturer and supplier of components and related products for the heating, ventilating, air conditioning, and refrigeration (HVACR) industry. Headquartered in the Atlanta, Ga.,metropolitan area, DiversiTech’s mission for its wholesaler partners is to simplify the way they work. The Company is focused on growth through internal product development, external partnerships and acquisitions.
Manufacturing a suite of products, which includes a wide range of mechanical, electrical, chemical and
structural parts for HVACR systems, DiversiTech brings unparalleled scaling capabilities and supplier
expertise. The Company holds numerous patents and operates an advanced R&D materials group dedicated to bringing more value to its customers. The Company maintains over 1 million square feet of manufacturing and distribution space in key U.S., Canadian and European locations. DiversiTech has enjoyed a continued history of successful growth and has
acquired industry recognized brand names including Wagner® Manufacturing, Specialty Chemical, EcoPad®, The Black Pad® and SuperSeal™.
More information is available at www.diversitech.com
.
About Permira
Permirais a global investment firm that finds and backs successful businesses with growth ambition.
Founded in 1985, the firm advises funds with a total committed capital of approximately €32 billion (US$35
billion). The Permira funds make long-term investments in companies with the ambition of transforming
their performance and driving sustainable growth. In the past 32 years, the Permira funds have made over
200 private equity investments in five key sectors: Consumer, Financial Services, Healthcare, Industri
als and Technology. Current and past industrial investments for the Permira funds include
chemical manufacturer CABB, micro-irrigation specialist Netafim, containment solutions business Bakercorp, and leading fulfillment solutions provider Intelligrated.
Permira employs over 200 people in 14 offices across North America, Europe and Asia.
