Seale & Associates announced that it acted as financial advisor to Rheem Manufacturing Company ("Rheem"), a leading designer and high-quality manufacturer of heating, cooling, and water heating solutions, on its acquisition of Heat Transfer Products Group ("HTPG"), a manufacturer of heat transfer and refrigeration equipment.
Rheem, headquartered in Atlanta, Georgia, is an industry-leading provider of total heating, cooling, and water heating solutions for the residential, commercial, and industrial markets. Rheem's wide range of product offerings includes heating, cooling, conventional and hybrid storage-style water heaters, tankless water heaters, solar water heating systems, hydronic and geothermal systems, indoor air quality accessories, and replacement parts for all categories. Rheem is a subsidiary of Paloma Industries of Nagoya, Japan, with over $3 billion in annual sales. For more information, visit www.rheem.com.
HTPG designs and manufactures heat transfer and refrigeration equipment under the premium brand names, Russell, Witt, Kramer, and ColdZone. HTPG is a leading supplier of refrigeration equipment through its broad offering of thermal management solutions, including components such as unit coolers, condensing units, air-cooled condensers, fluid coolers, chillers, custom coils, and air handlers, as well as complete packaged systems. For more information, visit www.htpg.com.
Seale & Associates Inc. is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise-level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, visit www.sealeassociates.com.