Nortek Holdings, the parent company of Nortek Inc., has signed a $1.75 billion agreement to be acquired by Thomas H. Lee Partners, a Boston-based private equity firm. Previously, Nortek had been owned by certain management and Kelso and Co.
Nortek Inc. owns subsidiaries Broan-Nutone Group, Nordyne and Temtrol.
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For plumbers in Flint, Mich., “it’s been a heck of a year,” said Harold T. Harrington, a master plumber and pipefitter working as the business manager for Flint’s United Association of Plumbers and Pipefitters, Local 370. Read more stories in 2017 March Issue.