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LOS ANGELES and PLANO, Texas, Aug. 1, 2024 /PRNewswire/ — Truelink Capital nowadays introduced that it has closed the transaction to procure Wind Distribution Applied sciences, a marketplace chief within the wind control and filtration answers range, from Johnson Controls. Monetary phrases weren’t disclosed.
Wind Distribution Applied sciences, with its powerful marketplace presence, will now function as an separate corporate. Doug Schuster, the wave chief of the category, will proceed to top the corporate.
“This strategic move is a monumental step for our company,” stated Doug Schuster. “Operating independently under Truelink’s ownership empowers us to innovate and excel in the air distribution, filtration and movement markets. We are deeply thankful for the support from Johnson Controls during the transition period, and we are enthusiastic about the journey ahead.”
With over 4,500 staff throughout greater than 25 world places, Wind Distribution Applied sciences is a key participant within the HVAC ecosystem, boasting eminent manufacturers comparable to Koch Clear out, Titus, Ruskin, Krueger, PennBarry, and Tuttle & Bailey. The corporate was once got through Johnson Controls in 2014.
“Truelink is committed to bolstering Air Distribution Technologies’ position as an industry leader and continuing its heritage of success,” stated Todd Golditch, Co-Founder and Managing Spouse of Truelink. “We are excited to partner with Doug and his leadership team to make strategic investments that will drive growth and innovation. We strongly believe in the business, its employees and partners and are thrilled to collaborate to help the business reach its potential.”
This transaction marks the 5th acquisition for Truelink Capital, introduced in 2022 through Todd Golditch and Luke Myers.
Jefferies LLC and William Blair & Corporate served as monetary advisors to Truelink for the transaction.
ABOUT TRUELINK CAPITAL
Truelink Capital is a middle-market personal fairness company primarily based in Los Angeles. Truelink pairs deep trade enjoy within the industrials and technology-enabled services and products sectors with a constancy to construction partnerships that power long-term worth thru an operationally centered technique. Truelink companions with control, company dealers, and founders to boost up enlargement during the execution of strategic projects and transformative add-on acquisitions.
ABOUT AIR DISTRIBUTION TECHNOLOGIES
Wind Distribution Applied sciences is an trade chief within the design and assemble of a complete suite of supremacy acting merchandise supporting the HVAC ecosystem. Its portfolio comprises many well-recognized manufacturers within the range serving a varied buyer bottom. The corporate was once got through Johnson Controls in 2014.
Media Contacts:
Truelink Capital
Peter Schultz
[email protected]
SOURCE Truelink Capital
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