June 2015
TM Capital Advises DiversiTech in Sale to The Jordan Company and Management
TM Capital, a leading middle market investment banking fi rm with offi ces in New York, Boston and Atlanta, served as exclusive fi nancial advisor to DiversiTech Corporation (“Di- versiTech”)– North America’s leading resource for a wide ar- ray of engineered aftermarket parts and components used in the repair, replacement and in- stallation of residential HVACR systems – in its sale to The Jordan Company, a New York- based private equity fi rm. DiversiTech is the market leading manufacturer and dis- tributor of HVACR equipment pads and offers an extensive, proprietary portfolio of conden- sate management equipment, HVACR maintenance chemi- cals and electrical accessories. The Company’s breadth of of- ferings, extraordinary product innovation capabilities and industry leadership combine to position DiversiTech as the “one-stop-source” for HVACR distributors nationwide. TM Capital has been a long term advisor to DiversiTech Corporation, assisting the Company with five transac- tions over the last decade. Our advisory work has helped DiversiTech secure its market leading position and access the capital needed to fuel consistent, impressive growth in revenues and profi tability through a period which saw the deepest housing recession in United States history. “Over the past ten years, we have consistently turned to TM Capital for expert advice on a range of initiatives – from equi- ty and debt recapitalizations to acquisitions and divestitures,” said Charles Lipman, Chair- man of Diversitech. “Their industry knowledge, global access to decision makers, creative approach to transac- tion execution and remark- able attention to the smallest detail has helped DiversiTech successfully execute on all of these initiatives – culminating in this transformative partner- ship with The Jordan Com- pany. All of our shareholders, managers and associates at DiversiTech are thrilled with this latest transaction outcome and our new partner.” The Jordan Company, with over $8 billion of cumulative equity commitments, is one of the world’s most respected investors in middle market industrial businesses and has a storied history of partnering with management teams to build long term value. Head- quartered in New York, The Jordan Company also has offi ces in Chicago and Shang- hai.
About TM Capital TM Capital Corp. is a part-
ner-owned investment bank- ing fi rm based in New York, Boston and Atlanta. Since 1989, we have advised cli- ents navigating a full range of critical transactions, in- cluding complex mergers, acquisitions, debt and equity fi nancings, recapitalizations, restructurings, and advisory services
For more information, visit
www.tmcapital.com.
New England HVAC Insider
APR Supply Co. is pleased to announce the acquisition of Sage Supply Company. The transition began in June 2015, and will be APR Supply Co.’s first location in New York.
APR Supply Co. Expands Reach To New York
Sage Supply Company is a distributor of plumbing and HVAC products, found- ed in 1953 by Sam Ainslie, Al Anthony, George Ainslie, and Earl Grady. Greg Fiske was the owner at the time of the acquisition. The busi- ness operated one branch location in Johnson City, NY.
Sage Supply also offered one of the area’s premier bath showrooms. The John- son City showroom will be- come the eighth APR Sup- ply Co. location to display kitchen and bath fixtures, and will operate under the Oasis Showrooms name. “The acquisition of Sage Supply Company Repre- sents a continuation of
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APR’s aggressive growth strategy,” said David Rob- inson, COO of APR Supply Co. “We are excited about this opportunity to grow in a new market.”
Dave Orso, Regional Manager of our William- sport, Bloomsburg, Hazel- ton branches will be over- seeing operations of the Johnson City location. Orso has been an employee of APR Supply for 14 years. About APR Supply Company
APR Supply Company is continued on page 5D
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