Consumer & Retail, Global | Mergers & Acquisitions

Fedders Acquires Polenz from Senior

  • Fedders Corp. (NYSE: FJC) is a leader in room air conditioning and air treatment with over $400 million in revenue
  • Fedders retained TM Capital as financial advisor to assist in completing acquisitions which would build Fedders’ global market position
  • TM Capital is a member of M&A International, a world-wide consortium of M&A firms, and learned that Angermann & Co., the German member of M&A International, was handling a complementary sale
  • Angermann had been retained by Senior plc (LSE: SNR) to divest Polenz GmbH, the leading German air conditioning distribution company
  • TM Capital assisted Fedders in negotiating and completing the acquisition of Polenz from Senior, establishing direct distribution for Fedders into Central Europe

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