HOUSTON, Aug. 3, 2016 /PRNewswire/ -- Specified Air Solutions, a market leading manufacturer of semi-custom commercial and industrial HVAC equipment, has completed the acquisition of the Dectron pool dehumidification systems business ("Dectron") from the Lakdawala family. Specified Air is a portfolio company of The Sterling Group, a Houston-based middle market private equity firm.
Headquartered in Montreal, Quebec, Dectron is a global provider of highly-engineered custom and semi-custom dehumidification, air quality and energy recovery solutions primarily for indoor pools. "Dectron is a strong addition to Specified Air's broad portfolio of products that provide solutions across a wide variety of commercial and industrial HVAC needs," said Charley Brown, CEO of Specified Air Solutions. The company serves a multitude of market applications including manufacturing facilities, warehouses, educational facilities, commercial buildings, lodging facilities, health care facilities, food processing plants and many more.
"The addition of Dectron is a part of Sterling's targeted initiative to grow Specified Air by adding complimentary HVAC solutions," said John Hawkins, a Partner at The Sterling Group. "We look forward to continuing to grow the business organically and through acquisition."
Sterling acquired Specified Air Solutions (formerly Roberts-Gordon) in 2014 with the intention of growing and expanding the company's ability to provide niche, high performance HVAC solutions to its customers.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $750 million. Sterling has sponsored the buyout of 48 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.4 billion of assets under management. For further information, please visit www.sterling-group.com.
SOURCE The Sterling Group