MARKETS
DuraVent Acquires Hart & Cooley
Both DuraVent and Hart & Cooley have a long history in the hearth and HVAC industries, with legacy brands and innovative products. Now the two companies are becoming one after an acquisition by DuraVent.
“Our immediate objective is to build one unified company, with one team, focused on world-class manufacturing and distribution,” says DuraVent President and CEO Simon Davis. “We are guided by our passion for innovation and commitment to creating the benchmark for responsive customer service.”
DuraVent also owns Security Chimneys in Montreal, Canada. Hart & Cooley is a leader in HVAC, manufacturing and distributing a portfolio of some of the most recognized and trusted brands in the industry, including Selkirk, AMPCO, AmeriVent, Heatfab and MILCOR. The transaction is supported by the Egeria Group (a Dutch investment company) through its Evergreen fund.
About DuraVent
Headquartered in Detroit, Michigan, DuraVent is a recognized technological leader in the venting industry. Consistently first-to-market with new innovations in venting systems, DuraVent has captured its leadership position with best-in-class design and manufacturing capabilities, world-class distribution networks, and customer-first service and support.
About Hart & Cooley
Headquartered in Grand Rapids, Michigan, Hart & Cooley has been a leader in the HVAC industry since 1901, manufacturing and distributing one of the most recognized and trusted brands in the industry. With facilities throughout the United States, Canada and Mexico, products are engineered and tested to meet rigorous standards. Hart & Cooley offers customers a large selection of reliable products, convenience, efficiency and value.
About Egeria
Egeria is an independent Dutch investment company founded in 1997, which focuses on medium-sized companies. Egeria’s portfolio companies have a combined turnover of € 2 billion and employ close to 10,000 people. The Egeria Evergreen fund has an indefinite lifetime and committed capital of € 400 million.
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