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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As electronics continue to become smaller, faster, and more affordable, more and more contractors are investing in fleet-management solutions that help reduce their technicians’ time on the road, improve productivity, save gas, and protect these major assets from misuse or theft. Read more stories in 2017 April Issue.