MONTREAL, Oct. 18, 2016 /CNW Telbec/ - Specified Air Solutions, a market leading manufacturer of commercial and industrial HVAC equipment, has announced that it has acquired Dectron Inc., an industry leader in indoor pool dehumidification systems headquartered in Montreal, Quebec, Canada.
"Dectron Internationale Inc. has retained the services of Axxel with respect to the sale of its business. Axxel performed its mandate in the most professional manner, resulting in a very successful transaction", Ness Lakdawala, CEO of Dectron Internationale.
Axxel Inc., acted as the exclusive M&A adviser to Dectron.
`Working with The Sterling Group on this transaction was both a privilege and a pleasure. This add-on acquisition to the Specified Air Solution's group will ensure that the Dectron Brand will continue to flourish and will remain a household name in the HVAC industry." Jean-Michel Zakhour, Managing Director of Mergers & Acquisitions at Axxel Inc.
About Specified Air Solutions:
Specified Air Solutions, formerly Roberts Gordon LLC, was acquired in Houston, Texas in July of 2014 by The Sterling Group, a middle market private equity firm. Its` broad product offering and extensive portfolio includes many other popular HVAC brands, and as such it is a natural pairing with Dectron Internationale.
About Dectron Inc:
Since 1976, Dectron grew to become a household name in the industry, particularly with its Dry-O-Tron brand that quickly became known as the most recognized name for dehumidifying solutions for indoor pools.
Located in Montreal, QC, Axxel Inc is a multidisciplinary boutique consulting firm that specializes in Mergers & Acquisitions, Corporate Finance, Scientific Research & Experimental Development Tax Credits, Governments Grants, and Food Certification. Since 1999, their specialists' knowledge of the industry, their negotiation skills, their capacity for forecasting and business planning, and their incredible network of lenders and professionals, have ensured the highest quality of service for their clientele.
Image with caption: "Logo: Axxel Inc., www.axxel.ca (CNW Group/Axxel)". Image available at: http://photos.newswire.ca/images/download/20161018_C1987_PHOTO_EN_798469.jpg
For further information: AXXEL Inc., Jean-Michel Zakhour, Managing Director - Corporate Finance - M&A, [email protected], 514.735.6161 x 108