Fulcrum Capital Partners sells Nuheat Industries to Pentair
Canadian mid-market private equity firm Fulcrum Capital Partners has sold its portfolio company Nuheat Industries Ltd to British industrial manufacturing company Pentair plc. The financial details of the transaction were not published. Nuheat, which is headquartered in Vancouver, is a manufacturer of electric radiant floor heating systems and a distributor of freeze protection products. Its sale marks the ninth realization of Fulcrum Capital Partners III LP, which invested in the company in March 2008. Fulcum Capital is currently marketing Fulcrum Capital Partners V LP, which has so far raised $205 million of its $300 million target.
8 April 2015•2 mins read
