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 owners of the company.
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