ATLANTA — Rheem has announced its intent to acquire Friedrich Air Conditioning from Monomoy Capital Partners.
“Friedrich has steadily innovated its residential and commercial offerings and grown its market share,” said Mike Branson, president, Global Air at Rheem. “They will bring a unique air conditioning product portfolio along with specialized products to the Rheem family of brands. Friedrich’s product offerings, company history and industry expertise make this acquisition a perfect fit for Rheem. Together, we will harness the power of our talented workforce and enhance our ability to deliver reliable and energy-efficient products that our customers and contracting partners expect.”
Upon the close of the acquisition — which is subject to additional regulatory approval — Friedrich will be a standalone business unit within the Rheem Global Air business.