- TM Capital served as a financial advisor to the HVAC Division of NSI Industries, including the Duro Dyne and Supco brand platforms, a portfolio company of Sentinel Capital Partners, in its sale to Lennox for $550 million
- Duro Dyne and Supco maintain a 70+ year reputation for premium quality, offering comprehensive HVAC solutions for commercial and residential applications across the United States and Canada. Duro Dyne is known as a market-leading manufacturer of mission-critical HVAC components and accessories and Supco provides high-performing, technician-focused HVAC parts
- NSI is a leading manufacturer and supplier of branded electrical components to third-party distributors in the United States and Canada. NSI offers more than 10,000 products and its portfolio includes well-respected brands such as Bridgeport, Polaris and Tork
- Sentinel Capital Partners, having raised more than $11.2 billion of capital since inception in 1995, is a leading midmarket private equity firm focused on niche markets in the business services, consumer, healthcare services and industrials sectors
- Lennox (NYSE:LII), with a market capitalization of $17 billion, is a leader in energy-efficient climate-control solutions. Its product portfolio includes cooling, heating, indoor air quality and refrigeration systems, along with a range of HVAC parts, supplies and services that support the full lifecycle of customer needs
Industrials
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Mergers & Acquisitions
