About This Deal

LENNOX INTERNATIONAL INC acquired The Ducane Company (Air Conditioning and Heating Division) for $45.3 million, a transaction completed in November 1999, structured as Asset acquisition (essentially all assets of the division).

The Ducane Company (Air Conditioning and Heating Division) operates in North American Residential, is based in United States. Lennox acquired substantially all of the assets of the Air Conditioning and Heating Division of The Ducane Company, a residential HVAC equipment business. The division generated roughly $45 million of revenue in 1998, and the acquisition added additional brands to Lennox's North American residential segment.

Added additional HVAC brands to Lennox's North American residential segment.

Deal Terms

Acquirer
LENNOX INTERNATIONAL INC
Target
The Ducane Company (Air Conditioning and Heating Division)
Value
$45.3 million
Date
November 1999
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
United States
Segment
North American Residential
Structure
Asset acquisition (essentially all assets of the division)
Closed
November 8, 1999

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗ · SEC filing ↗

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