Jun 21, 2024 | Posted by Abdul-Rahman Oladimeji
Johnson Controls this week announced it had reached a definitive agreement to sell its Air Distribution Technologies business to Truelink, a middle-market private equity firm based in Los Angeles. The brands included in this sale are Koch Filter, Titus, Ruskin, Krueger, PennBarry, and Tuttle & Bailey and their product lines of grilles, registers and diffusers, terminal units, fire and smoke dampers, louvers, filters and fans.
"The sale of our Air Distribution Technologies business is the next step as we continue to simplify our portfolio and advance our transformation into a comprehensive solutions provider for commercial buildings," said Johnson Controls chairman and CEO, George Oliver. "This transaction is consistent with our strategy to focus our resources on our most attractive opportunities for value creation... We are confident the business and the team will be well positioned for future success under Truelink's ownership."
"Air Distribution Technologies has been a leading player in the commercial HVAC space for over 75 years, and has consistently delivered innovative, high-quality products to its customers, demonstrating a strong track record of excellence," said Truelink's co-founder and managin
