Ouellet Group Acquires Innovair Corporation
July 13, 2021
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.
- Buyers
- Ouellet Group
- Targets
- Innovair Corporation
- Sellers
- Julio Gomez, Maria Gomez
- Industry
- HVAC & Mechanical
- Location
- Florida, United States
- Transaction Type
- Buyout
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