Private equity funds managed by Blackstone Private Equity will purchase Emerson’s 40% common equity ownership in the joint venture, while Copeland will repurchase the seller’s note.
Main Filter, with manufacturing locations in Sault Ste. Marie, Ontario, Canada, and Lincolnton, North Carolina, has been a manufacturer of hydraulic filters for more than 35 years.
Founded in 1952, General Metals manufactures, fabricates, and distributes HVAC equipment and products. Its primary clientele is comprised of HVAC contractors in the Southwest.
David Gray Electrical, Plumbing, Heating & Air will continue to operate under its current name and branding, and SHS plans to retain current employees,
Young Supply, a family-owned company founded in 1935, serves contractors in the Midwest, including Michigan and Ohio — states adjacent to Beijer Ref’s current U.S. holdings.