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Private Equity Firm Permira Completes DiversiTech Acquisition

Private Equity Firm Permira Completes DiversiTech Acquisition

DiversiTech’s senior management team, led by President and CEO Jim Prescott, will remain significant owners of the company.  

Global private equity firm Permira announced that a company backed by the Permira funds successfully completed the acquisition of DiversiTech, a leading aftermarket manufacturer and supplier of highly engineered components for residential and light commercial heating, ventilating, air conditioning and refrigeration.

Jim Prescott

DiversiTech’s senior management team, led by President and CEO Jim Prescott, will remain significant owners of the company.

Permira will draw on its significant global experience in backing value-added manufacturing and distribution companies to help DiversiTech expand its product offerings and geographical footprint, both organically and through acquisition opportunities.  

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