HIG Capital acquires Hart & Cooley
An affiliate of HIG Capital (HIG) has acquired Hart & Cooley, a subsidiary of Johnson Controls International, and a manufacturer of HVAC and air distribution products, including vents, grilles, registers, diffusers, and rooftop and chimney products.
HIG is partnering with the current management team to capitalise on and accelerate the Company’s significant strategic growth opportunities.
Founded in 1901 and headquartered in Grand Rapids, MI, Hart & Cooley’s products are used in a variety of new residential and construction applications and are primarily sold through wholesale distributors. The Company has eight manufacturing sites and six distribution centres spread across the United States, Mexico, and Canada.
“We are excited that HIG has committed to investing in our business. They have a successful track record of adding value to companies like ours,” says Jim Kaboski, Chief Operating Officer of Hart & Cooley LLC. “This partnership will allow us to continue our focus on growth and innovation along with operational improvements that will provide new opportunities to serve our customers.”
“We are impressed with Hart & Cooley’s industry reputation and comprehensive portfolio of strong, market leading brands,” says Todd Ofenloch, Managing Director, HIG Capital. “We look forward to transitioning the nearly 120-year-old Hart & Cooley back into a standalone company and working with management to ensure the company is well positioned to be the most innovative, engaging and successful competitor in the industry.”