Lasko, a portfolio company of Comvest Partners and its executive partner JW Levin Management Partners, has acquired Azusa, California-based B-Air, a provider of air movement products. No financial terms were disclosed.
WEST CHESTER, Pa., Feb. 5, 2019 /PRNewswire/ — Lasko Operations, a leader in home comfort products, has acquired Intertex, Inc., dba B-Air, a leading developer and supplier of high-quality air movement products.
For nearly two decades, B-Air has developed and supplied air movers, dehumidifiers, air scrubbers, inflatable blowers, pet dryers and fans for commercial, industrial and retail use. B-Air products are designed in Azusa, California. Today, B-Air is a leading supplier to the water / fire damage restoration and janitorial industries as well as a trusted supplier of air moving products in the inflatable and pet grooming industries with exceptional customer service. B-Air products are sold via retailers, distributors, and online using the B-Air® and Firtana® brand names.
As part of the transaction, Eddie Demirdjian, CEO and Founder, and Greg Aghamanoukian, President, along with the current employees, will continue with the company. “We are excited in partnering with Lasko to further solidify our position as a category leader and drive exceptional value and quality for our customers,” said Eddie Demirdjian, CEO and Founder at B-Air. “Lasko brings immense synergies and talent that will propel our growth very significantly.”
“Lasko, the leader in fans and heaters, has a strategy to become the leader in the broader home environment category through internal development and acquisitions. B-Air provides an exciting opportunity for Lasko to take a significant step in that direction. B-Air has an outstanding reputation and growth record along with a first rate management team,” said Jerry W. Levin, Chairman at Lasko. “Partnering with Lasko provides an equally exciting opportunity for B-Air’s team as we move forward together to achieve our strategic objectives.”
Headquartered in Azusa, California, B-Air is a leading developer and supplier of quality equipment for the water/fire damage restoration as well as the inflatables and pet industries. B-Air’s innovative products are manufactured to reflect its dedication to design, performance, and safety, and sold via retailers, distributors, and online. B-Air products are certified ETL and CE approved for use in the US, Canada, Europe, and South America.
For more information visit www.B-Air.com.
Lasko is a leading home comfort company and provider of fans and heaters. Lasko has been engineering and building high performance home comfort products with leading edge designs in the U.S. and around the world for 113 years. Started in 1906 by Mr. Henry Lasko, the company has grown to an international organization whose products can be found at major retailers and online under the Lasko and Air King brands. Lasko is a portfolio company of Comvest Partners, and its executive partner JW Levin Management Partners. For more information, please visit LaskoProducts.com and AirKingLimited.com.
About Comvest Partners
Comvest Partners is a private investment firm providing equity and debt to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $3.9 billion in over 180 companies. Today, Comvest’s funds have $3.3 billion of assets under management. Through our extensive capital resources and broad network of industry relationships, we offer our companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit our website Comvest.com.
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