Birch Hill-backed GDI to acquire Airtron Canada for $19.5 mln
Ainsworth Inc, an affiliate of GDI Integrated Facility Services Inc (TSX: GDI) has agreed to acquire Airtron Canada from Direct Energy Marketing Ltd. Ainsworth, bought by GDI last year, will pay about $19.5 million for Airtron, a Toronto provider of heating, ventilation and air conditioning (HVAC), building automation, and energy efficiency services. GDI said the deal, expected to close this month, will expand Ainsworth's services portfolio and strengthen its technical services segment. GDI, a Montréal-based commercial facility services provider, is a portfolio company of Canadian private equity firm Birch Hill Equity Partners.
3 November 2016•4 mins read
