Innovative ventilation and heating unit manufacturer Vent-Axia has been put on the market with a price tag of £200 million.
DC Advisory Partners has been mandated to manage the sale of the business on behalf of Vent-Axia’s owner, private equity group AAC Capital Partners.
Launched 75 years ago – with the invention of the first electrically operated window fan – the company designs and makes bespoke, energy-efficient ventilation and heating products for residential, commercial public sector and industrial clients.
Based in Crawley, West Sussex, the firm sells half a million units each year.
Vent-Axia Group Limited reported sales of £47.13 million for the year ending 31 July 2010, with pre-tax profits of £8.25 million. The turnover has fallen from £57.99 million since 2008.
In early April, it was reported that Vent-Axia had opened a new technology showroom with a BPEC approved training centre at its headquarters in Crawley.
Vent-Axia’s marketing director Lee Nurse commented at the time, “We have created a clean, fresh and professional area for customers and prospective customers to feel at ease and see our extensive Lo-Carbon range of technology solutions for ventilation, heating and cooling applications.”
The company also announced its new range of handling units with heat recovery technology and an A+ energy class rating in April.
