JCI - Truelink Capital Signs Deal to Acquire Air Distribution Technologies from Johnson Controls | Benzinga
LOS ANGELES and PLANO, Texas, June 18, 2024 /PRNewswire/ -- Truelink Capital today announced that it has entered into a definitive agreement to acquire Air Distribution Technologies, a market leader in the air management and filtration solutions space, from Johnson Controls. Financial terms were not disclosed. The transaction is expected to close the second half of calendar year 2024 and is subject to customary closing conditions.
With over 4,500 employees operating across more than 25 locations globally, Air Distribution Technologies is an industry leader in the design and manufacture of a comprehensive suite of top performing products supporting the HVAC ecosystem. Its portfolio contains many well-recognized brands in the space, including Koch Filter, Titus, Ruskin, Krueger, PennBarry and Tuttle & Bailey, serving a diversified customer base. Air Distribution Technologies was acquired by Johnson Controls in 2014 from Canada Pension ...