- TM Capital served as exclusive financial advisor to DiversiTech Corporation, North America’s leading resource for a wide array of engineered aftermarket parts and components used in the repair, replacement and installation of residential HVACR systems, in its sale to The Jordan Company, a New York-based private equity firm
- DiversiTech is the leading manufacturer and distributor of HVACR equipment pads and offers an extensive, proprietary portfolio of condensate management equipment, HVACR maintenance chemicals and electrical accessories
- The Company’s breadth of offerings, extraordinary product innovation capabilities and market leadership combine to position DiversiTech as the “one-stop-source” for HVACR distributors nationwide and have led to rapid growth in sales and profits
- 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 to build long term value
- Management and Jordan plan to aggressively grow DiversiTech via acquisitions, continued product innovation, trade channel diversification and international expansion
- This is the fifth transaction TM Capital has completed for DiversiTech
Client Testimonial
TM Capital represented DiversiTech in its sale process. Before the selection of TM, I already understood from prior experience that the firm possessed exceptional talent and the highest level of integrity. TM was instrumental in assisting the company in its operational decisions leading up to the process thereby creating significant additional value. A sale of a company for an entrepreneur is both a financial event and a very intimate emotional undertaking. TM understood that what mattered to me was the sale price but equally important was the welfare of our people. They acted as my partner in the sale and my objective became theirs. At every turn, they considered only the desired outcome and completely subordinated their own financial interests. The process itself resulted in a financial outcome well beyond my expectations while my other objectives were also met. TM deserves and receives from me the highest possible endorsement for anyone considering a once in a lifetime sale of their business.”Charles Lipman, Chairman, DiversiTech Corporation
