JACKSONVILLE, Fla., April 16,
2024 /PRNewswire/ -- Heritage Capital
Group, an investment banking and financial advisory firm
serving middle-market and emerging growth companies in the U.S. and
worldwide, is pleased to announce that its client Soler &
Palau (S&P USA) has acquired certain operating companies
of United Enertech Holdings (UEH), including Air
Conditioning Products, LLC; Air Performance, LLC; Metal Form
Manufacturing, LLC; and United Enertech Corp.
S&P USA, based in
Jacksonville, Florida, is a global
leader in ventilation solutions, specializing in designing and
manufacturing ventilation products for commercial, industrial, and
residential applications. Its innovative air movement technologies
and systems ensure efficient and effective ventilation, improving
indoor air quality and comfort across various environments. S&P
USA's ventilation products range
from innovative, quiet, and reliable residential fans to large,
high-capacity exhaust systems for commercial applications.
UEH is a leading manufacturer of air distribution
and ventilation products, serving the HVAC industry with
high-quality dampers, louvers, and diffusers. Its expertise lies in
providing innovative solutions that enhance airflow control, energy
efficiency, and building aesthetics in commercial and industrial
settings. UEH is headquartered in Chattanooga, TN, and has operating locations
in Romulus, MI; Phoenix, AZ; and Hartford, AL.
"The United Enertech team's air control and product knowledge
combined with S&P's mechanical ventilation product portfolio
will provide our customers with an ideal single source ventilation
system solution," said Eugene
Scotcher, Soler & Palau Ventilation Group's North
American divisional managing director.
Heritage served as the exclusive financial advisor to S&P
USA. The deal team was led by
Alex Kellison and included
Bill Sorenson, Joe Hawkins, Don
Wiggins, Mary Frosio,
Robert Cilek, and Bobby Ward. The terms of the transaction were
not disclosed.
Heritage Capital Group provides objective advice to
private companies in the areas of mergers, acquisitions and
divestitures, business valuations, debt and equity capital raises,
corporate restructurings, and financial and strategic advisory
services focused on enhancing the value of business enterprises.
Heritage Capital Group is a FINRA registered broker-dealer, and a
member of Oaklins, the world's most experienced mid-market M&A
advisor, with 850 professionals globally and dedicated industry
teams in 45 countries worldwide.
Media Contact:
Katie
Quackenbush
904-354-9600
376198@email4pr.com
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SOURCE Heritage Capital Group