B-Air has been sold to Lasko, a portfolio company of Comvest Partners
Lincoln International acted as the exclusive financial advisor to B-Air, working closely with the management team and owner-entrepreneur throughout the sale process. The Lincoln team provided M&A and industry expertise, as well as closely managing all aspects of the process, including the preparatory, marketing, negotiation and due diligence phases of the transaction. Terms of the transaction were not disclosed.
Headquartered in Azusa, California, B-Air is a leader in developing and manufacturing high-quality air moving products for professional and consumer use. The Company’s branded portfolio of products serve the mission-critical, non-cyclical Water Damage Restoration, Jan-San, Pet, Inflatables, and Consumer end-markets. B-Air serves blue-chip customers around the world with significant opportunities for continued high growth.
Eddie Demirdjian, Founder and CEO of B-Air, commented, “Following years of hard work and commitment to our long-term strategic vision, we were excited to find the right partner for the next stage of growth in Lasko. Lincoln’s depth of experience in navigating the sale process was an immense help in finding a successful outcome. We are thrilled with the result of this process for our employees and our customers.”
Greg Aghamanoukian, President of B-Air, added, “Lincoln’s hands-on approach was instrumental in achieving a successful sale process, while we focused on maximizing the growth of B-Air. We were highly impressed with Lincoln’s transparency and responsiveness throughout the entire process. Lincoln’s wealth of knowledge, combined with a highly dedicated team of bankers, proved invaluable in the process.”
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