Platinum Equity Invests in HVAC/R Distributor Global, The Source (Joins with MARS)
December 6, 2024
Platinum Equity has made a strategic investment in Global, the Source, a master distributor of HVAC/R components, and its AmRad Manufacturing subsidiary, joining the company with Motors & Armatures (MARS) to form an integrated HVAC/R platform. As part of the transaction, Philip Windham was named CEO of the combined platform while Global owner Dickie Sirotiak and his family remain shareholders; financial terms were not disclosed.
- Buyers
- Platinum Equity
- Targets
- Global, the Source, AmRad Manufacturing LLC
- Platforms
- Motors & Armatures Inc. (MARS)
- Industry
- HVAC & Mechanical
- Location
- Texas, United States
- Transaction Type
- Addon
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