Oct. 20, 2016 – Specified Air Solutions, a manufacturer of commercial and industrial HVAC equipment, has acquired Montreal, Que.-based Dectron, a maker of indoor pool dehumidification systems.
“Dectron Internationale has retained the services of Axxel with respect to the sale of its business. Axxel performed its mandate in the most professional manner, resulting in a very successful transaction,” said Ness Lakdawala, CEO of Dectron Internationale.
“Working with The Sterling Group on this transaction was both a privilege and a pleasure,” said Jean-Michel Zakhour, managing director of mergers & acquisitions at Axxel Inc. The firm acted as the exclusive M&A adviser to Dectron. “This add-on acquisition to the Specified Air Solution’s group will ensure that the Dectron Brand will continue to flourish and will remain a household name in the HVAC industry.”
