Hart & Cooley LLC Acquired by Affiliate of H.I.G. Capital
Hart & Cooley will become independent entity
GRAND RAPIDS, Mich. — Hart & Cooley LLC announced its ownership has transferred from Johnson Controls International plc to an affiliate of H.I.G. Capital (“H.I.G.”).
H.I.G. is investing in Hart & Cooley to make it an independent entity once again.
“We are excited that H.I.G. has committed to investing in our business,” said Jim Kaboski, chief operating officer of Hart & Cooley LLC. “They have a successful track record of adding value to companies like ours. 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.”
Hart & Cooley will maintain its headquarters in Grand Rapids, Michigan, and continue to operate its manufacturing facilities and distribution centers throughout the United States, Canada, and Mexico.
“We are impressed with Hart & Cooley’s industry reputation and comprehensive portfolio of strong, market-leading brands,” said Todd Ofenloch, managing director, H.I.G. 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.”
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