Platinum Equity to sell Heat Controller to Lennox

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Summary · why it matters

Platinum Equity has signed a definitive agreement to sell Heat Controller, a leading HVAC equipment supplier, to Lennox. Financial terms were not disclosed. Heat Controller, headquartered in Jackson, Michigan, serves distributors across North America through its Comfort-Aire and Century brands. The sale represents the final exit of Platinum Equity's investment in HVAC/R distributor Motors & Armatures, which it acquired in July 2024. The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals.

Impact on assets 2

Climate Adaptation & Water▲ · 1 stocks
Industrials▲ · 1 stocks

Off-coverage companies 3

Platinum Equity LLCPrivate▲ Positive
Capitalrelevance

Platinum Equity is selling Heat Controller, completing its exit from Motors & Armatures investment.

Heat ControllerPrivate± Mixed
relevance

Motors & ArmaturesPrivate± Mixed
relevance

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