Partners Group has agreed to acquire DiversiTech (or the Company) from funds advised by global private equity firm Permira. The investment values DiversiTech at an enterprise value of USD 2.2bn. As part of the transaction, Permira and management will remain minority investors in the Company.
Partners Group will draw on its extensive experience in the HVAC sector, including its August 2021 acquisition of Reedy Industries to partner with the company’s management team. Key value creation initiatives will include accelerating new product development, expanding through M&A, and bolstering internal manufacturing capabilities.