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- TARGET
- Heat Transfer Products Group (HTPG)
- TRANSACTION TYPE
- Buy-side advisory
- INDUSTRIES
- HVAC, Industrial machinery
- GEOGRAPHY
- Georgia, USA
SITUATION
Seale was retained by Rheem Manufacturing Company to evaluate and execute strategic acquisitions across business lines. Seale advised Rheem on the successful acquisition of Heat Transfer Products Group (HTPG) in a competitive auction process. HTPG manufactures commercial refrigeration equipment for the food service, food retail and other non-consumables markets.
OUTCOME
Seale’s professionals’ knowledge and relationships in the HVAC and refrigeration industry allowed for a successful acquisition. Having previously sold the HTPG business to Monomoy Capital, Seale’s unique insights on the target provided invaluable knowledge about the business.
The process resulted in a successful acquisition of HTPG on buyer-friendly pricing terms. HTPG has resulted in a very successful business for Rheem to combine an extensive knowledge of heat transfer technology to develop innovative new products.
Seale had in-depth knowledge of the HVAC space as well as extensive relationships with key executives from around the world
"Seale had in-depth knowledge of the HVAC space as well as extensive relationships with key executives from around the world, which they used to help us identify and close on the perfect deal for our company. The Seale team consists of committed professionals with significant transaction experience, but they also have strong backgrounds in accounting, tax, finance, and law, which allow them to provide value added advice where most other advisors cannot."
Are you looking to expand through acquisitions or develop inorganic growth strategies?
Seale & Associates offers trusted buy-side advisory services. Contact us today to learn how we can guide you through the complexities of the acquisition process and help you evaluate the full range of inorganic growth opportunities for your company.
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