About the Deal
AIRXCEL, headquartered in Wichita, Kansas, is a leading designer and manufacturer of niche HVAC climate control systems sold worldwide to several specialty end markets. With over 1,200 employees, Airxcel operates from five U.S. manufacturing locations and seven sales and distribution locations. Airxcel’s Marvair division is a diversified manufacturer of self-contained heating, ventilation, and air conditioning products for telecommunication buildings, school classrooms, commercial/industrial structures, and the marine industry.
ONE ROCK CAPITAL PARTNERS is a New York-based private equity firm that manages $1.4 billion of committed capital, with a focus on high-potential middle-market businesses. One Rock enhances the value of its portfolio companies by bringing world-class operational, strategic, and financial resources to the business.
EUBANK is a fast-growing product line focused on air conditioning and refrigeration equipment, including wallmount packaged air conditioners, heat pumps, coils, refrigeration condensing units, and unit coolers. The Eubank product line was formerly part of National Coil Company.
The acquisition of Eubank expands the Marvair product portfolio and strengthens the company’s distribution into the aftermarket, modular building market, and telecommunications replacement market.
BRIDGEWOOD ADVISORS initiated this transaction and provided strategic and financial advisory services to One Rock Capital Partners and Airxcel.