Air Distribution Technologies, an industry leader in designing and manufacturing high-performance products for the HVAC ecosystem and a portfolio company of Truelink Capital, announced it has completed the sale of its PennBarry business to Hessaire Products.
PennBarry designs and manufactures ventilation solutions for industrial and commercial markets. The brand traces its roots back to 1860 through Bayley Fan Company and later expanded through the consolidation of well-known brands including Penn Ventilation and Barry Blower.
The sale is expected to support continued growth for PennBarry under Hessaire’s dedicated ventilation-focused platform. And for Air Distribution Technologies, the transaction aligns with its broader strategy of refining its portfolio and focusing on core HVAC brands, including Ruskin, Titus, Krueger, Tuttle & Bailey, and other businesses within the platform.
The companies said they will work closely together to ensure a smooth transition for customers, employees, and partners.
KEY QUOTES:
“This transaction continues our shift to a focused HVAC platform, allowing us to prioritize high-performance brands and continue investing in our core businesses. We’re grateful for our time with PennBarry and proud of the partnership we built with its team – we thank them for their dedication and commitment throughout.”
Azam Owaisi, CEO of Air Distribution Technologies
“We are pleased to complete the sale of PennBarry. This transaction represents another step in our transformational efforts to simplify the ADT portfolio and focus the Company’s resources on its core air distribution and air systems controls businesses. We thank the PennBarry team for their contributions and believe the business is well-positioned for success under Hessaire’s ownership.”
Todd Golditch, Co-Founder and Managing Partner of Truelink Capital
