PARTNERS GROUP takes majority stake in DIVERSITECH

DiversiTech has been acquired by Partners Group to expand the private markets firm's exposure to the HVAC/R components sector and to leverage the target's established distribution network. The transaction follows a period of rapid growth for DiversiTech, during which it doubled its SKU count, invested heavily in manufacturing and digital systems, and completed multiple brand acquisitions, positioning it as a sizable supplier with a diversified product portfolio. Partners Group and existing management will become the largest shareholders, while Permira retains a minority interest, and the deal is expected to close in December 2021 pending customary approvals. The acquisition aligns with Partners Group's strategy of adding stable, cash‑generating businesses that benefit from operational scaling and cross‑sell opportunities within its broader portfolio. By integrating DiversiTech's supply chain capabilities and digital infrastructure, the acquirer aims to enhance service levels, broaden geographic reach and generate cost efficiencies through shared services and procurement synergies. The combined entity is projected to strengthen its market position, improve margin performance and accelerate product development cycles, thereby delivering incremental value to customers and investors across the HVAC/R ecosystem.