Private investment firm, Bain Capital, has invested in the Duravent Group to accelerate the company’s next phase of growth and expand its platform through both organic and strategic acquisitions.
Financial terms were not disclosed but Duravent has been a leader in venting solutions for over six decades.
The company operates 14 distinct brands across the United States, Canada, and Mexico. With world-class manufacturing capabilities and distribution networks, Duravent provides venting technology for both residential and commercial applications.
Duravent president and CEO, Simon A. Davis, said this investment will allow the company to execute its strategic vision and strengthen its leadership.
Partner at Bain Capital Special Situations, Matt Evands, said Duravent has a market leading platform in the venting, filtration, and air quality industries and a more than 100-year legacy of engineering excellence,
“Duravent is renowned for delivering the most reliable, cutting-edge HVAC systems for homeowners, contractors, and industry professionals,” Evans said.