Acquisition · Portfolio-company
Air Distribution Technologies
Transaction overview
Status: Reported completed
Exact closing date not established.
Johnson Controls announced an agreement to sell Air Distribution Technologies to Truelink Capital on June 18, 2024. Truelink reported completion on August 1, 2024, with the business becoming an independent company under its ownership. The transaction included the specified air distribution brands and manufacturing facilities; the Johnson Controls and Enviro-Tec brands were excluded. The exact closing day is not stated.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- Johnson Controls to Sell Air Distribution Technologies Business to Truelink Capital ↗
Johnson Controls International plc · Published Jun 18, 2024
June18 definitive agreement announcement; specified ADT brands and facilities included, Johnson Controls and Enviro-Tec brands excluded; closing then prospective.
- Johnson Controls and Truelink Capital Management Close Transaction to Establish Air Distribution Technologies as Independent Business ↗
Truelink Capital via PRNewswire · Published Aug 1, 2024
Reports completed acquisition from Johnson Controls; exact closing day is not stated.