Seale & Associates acted as exclusive financial advisor to Beijer Ref AB ("Beijer Red") on its agreement to acquire Heritage Distribution Holdings ("Heritage Distribution") from Gryphon Investors for US$1.275B.
Seale was retained by Beijer Ref to identify potential acquisition targets engaged in the distribution of HVAC/R equipment in North America, confidentially pre-qualify targets, and assist in the execution of the transaction.
Beijer Ref successfully completed the acquisition of Heritage Distribution Holdings and was immediately margin accretive to the business. The acquisition represents Beijer Ref's entry into the North American market and will establish the company as a leading HVAC/R distributor in the U.S. South/South East region, one of the most attractive regions for HVAC/R in North America.