Sterling Group-backed Specified Air acquires Dectron
Specified Air Solutions, a portfolio company of U.S. private equity firm the Sterling Group, has acquired Dectron Inc, a Montréal-based provider of dehumidification, air quality and energy recovery solutions primarily for indoor pools. No financial terms were released. The deal was first announced in August. Axxel Inc was the M&A adviser to Dectron. Specified Air, a manufacturer of heating, ventilation and air conditioning equipment, is based in Buffalo, New York. Formerly Roberts-Gordon LLC, the company was acquired by Sterling Group in July 2014.
18 October 2016•2 mins read
