AAON, Inc. Acquires Substantially All Assets of WattMaster Controls, Inc.

March 1, 2018

AAON, Inc. (NASDAQ: AAON) purchased substantially all of the assets of WattMaster Controls, Inc. on February 28, 2018, acquiring intellectual property, receivables, inventory and fixed assets and hiring substantially all WCI employees. AAON funded the acquisition with cash on hand and entered into a lease for the former WCI facility in Parkville, Missouri to operate the acquired controls business in-house to accelerate development of its own controls.

Buyers
AAON, Inc.
Targets
WattMaster Controls, Inc.
Sellers
WattMaster Controls, Inc.
Location
Missouri, United States
Transaction Type
Buyout

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