Truelink Capital-backed Hessaire Products acquires PennBarry
The deal gives Hessaire a dedicated ventilation platform while Air Distribution Technologies refocuses on core HVAC brands such as Ruskin, Titus, and Krueger.
Takeaways
- PennBarry is a manufacturer of ventilation solutions for industrial and commercial markets.
- Hessaire Products is acquiring PennBarry with backing from Truelink Capital.
- The business serves industrial and commercial.
Air Distribution Technologies has sold its PennBarry ventilation business to Hessaire Products, sharpening the Truelink Capital portfolio company's focus on core HVAC brands such as Ruskin, Titus, and Krueger.
PennBarry, which traces its origins through Penn Ventilation and Barry Blower to the Bayley Fan Company founded in 1860, designs and manufactures ventilation solutions for industrial and commercial markets.
"We are pleased to complete the sale of PennBarry," said Todd Golditch, Co-Founder and Managing Partner of Truelink Capital.
The companies said they will work closely to ensure a seamless transition for customers, employees, and partners.
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