La Caisse Invests $150 Million in Innovair Solutions

Bain Capital Takes Strategic Growth Investment Stake in Duravent Group

March 18, 2026

Industrial Services

Duravent Group, a venting and air quality solutions provider for HVAC professionals, announced it secured a significant strategic growth investment from Bain Capital. Bain will partner with Duravent’s leadership and existing investor Egeria to accelerate growth, deepen category leadership, and expand the platform through organic investment and strategic acquisitions.

Percheron Capital Launches Solidaire Platform with Foundational Acquisition of Enervise

September 16, 2025

HVAC & Mechanical

Percheron Capital has launched Solidaire HVAC & Energy Solutions, a national commercial HVAC and energy services platform, through the foundational acquisition of Enervise, a Cincinnati-based commercial HVAC services company. The platform, led by Katrina Liddell and backed by Percheron, will invest in people, technology and infrastructure to accelerate growth and expand Solidaire's national footprint.

Altus Capital Partners Acquires Air Innovations, LLC

December 4, 2024

Manufacturing

Altus Capital Partners, a private equity firm focused on middle-market manufacturing, has acquired Air Innovations, LLC, a North Syracuse, New York-based designer and manufacturer of custom environmental control units (ECUs) serving wine, aerospace, semiconductor, homeland security, and healthcare markets. Financial terms were not disclosed; Air Innovations' management will remain in place and Altus said it will support the company’s growth and end-market diversification.

Schneider Electric Acquires 75% Stake in Motivair Corp

October 17, 2024

Industrial Services

Schneider Electric has acquired a 75% stake in Buffalo-based liquid-cooling specialist Motivair Corp in an all-cash transaction reported at $850 million. Schneider has an option to buy the remaining 25% by 2028; the move expands Schneider’s data-center thermal management capabilities and completes its planned data-center acquisitions for the near term.

Bain Capital Invests $250M Minority Growth Round in Cuisine Solutions

June 6, 2022

Food & Beverage

Bain Capital has made a $250 million minority growth investment in Cuisine Solutions to support the sous-vide leader's product innovation, global expansion, and manufacturing footprint build-out. Cuisine Solutions' existing management and the Vilgrain family remain in control while the capital will be used to accelerate domestic and international growth across foodservice, retail, travel, and military channels.

Ouellet Group Acquires Innovair Corporation

July 13, 2021

HVAC & Mechanical

Ouellet Group, a Quebec-based designer and manufacturer of electric heating and cooling products, has acquired Innovair Corporation, a Miami-based manufacturer and distributor of air conditioning equipment. The deal enables Ouellet to expand into the U.S. market and accelerate growth in the air-conditioning segment while Innovair will operate as a wholly owned subsidiary with existing management remaining in place.