Duravent Group, a Detroit-based climate technology company specializing in venting and air quality solutions, has secured a strategic growth investment from Bain Capital. The investment, made alongside existing investor Egeria, is aimed at accelerating the company’s expansion through both organic initiatives and strategic acquisitions. Financial terms of the transaction were not disclosed.
Founded in 1901, Duravent has established itself as a leader in venting solutions, operating 14 brands across manufacturing and distribution facilities in the United States, Canada, and Mexico. The company serves residential and commercial markets, focusing on high-performance HVAC systems and air-quality technologies.
The partnership with Bain Capital’s Special Situations team is expected to enhance Duravent’s operational capabilities and support its long-term growth strategy. Bain Capital brings experience in scaling industrial businesses globally, while Egeria will continue its involvement under its long-term investment approach.
Advisors on the transaction included Jefferies LLC and Weil, Gotshal & Manges LLP for Bain Capital, and J.P. Morgan, Baird, and Paul Hastings for Duravent and Egeria.
KEY QUOTES:
“This investment is a testament to the strength of our platform and the trust we have earned from customers as the leading provider of venting solutions that stand the test of time. Bain Capital’s extensive industry expertise and operational capabilities make them the ideal partner to accelerate our next phase of growth. We have been fortunate to have an active, strategic investor in Egeria that has enabled us to build the Duravent Group into the business it is today. Adding Bain further enables us to execute our strategic vision focused on accelerating growth, strengthening our category leadership, and enhancing the differentiated value and service we provide to customers and channel partners.”
Simon A. Davis, President And CEO Of Duravent Group
“With 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. Simon and his team have done an impressive job of deepening the Company’s value proposition rooted in a customer-first mentality. We look forward to a collaborative partnership that builds on Duravent’s rich history of innovation and supporting the growth of the platform both organically and through strategic acquisitions while preserving its unwavering commitment to quality and safety.”
Matt Evans, Partner At Bain Capital Special Situations, And Chris Sun, Managing Director At Bain Capital Special Situations
“We are excited to have Bain Capital join us in Duravent’s next chapter. We see tremendous opportunity to combine our capabilities and resources to support Duravent’s continued expansion. This partnership is consistent with Egeria’s Evergreen investment approach to remain invested in companies over the long term and enable them to realize their full potential.”
Egbert Prenger, CEO Of Egeria
