HDT Engineered Technologies, a portfolio company of Metalmark Capital, has acquired Nordic Air Inc., a Geneva, Ohio-based maker of air conditioning and ventilation equipment for industrial and military applications. No financial terms were disclosed.
HDT Engineered Technologies (“HDT”), a provider of highly-engineered mobile military and emergency response solutions and a subsidiary of HDT International Holdings, Inc. (“HDT International”), today announced the acquisition of Nordic Air, Inc. (“Nordic”), a manufacturer of air conditioning and ventilation equipment for industrial and military applications. HDT International is majority owned by Metalmark Capital. Ronald Clutter, who has led Nordic since 1998, will join the HDT board of directors and continue to lead the company under HDT’s ownership. Financial terms were not disclosed.
“Nordic has a long history of designing and delivering high quality environmental control units for industrial and military applications,” said John Gilligan, Chairman of HDT International. “Nordic has built an exceptional reputation among the technical experts within the U.S. Armed Services and has demonstrated a first class ability to assist military and industrial customers meet urgent needs and achieve mission success. We look forward to working with Ron Clutter and his talented team as we continue to provide these products and services to support the most demanding mission requirements.”
“The addition of Nordic’s products and engineering expertise enhances our ability to provide a full suite of highly engineered environmental control and power equipment to our customers,” said Vince Nardy, Chief Executive Officer of HDT and HDT International. “The acquisition also expands HDT’s customer relationships, augments our product development capabilities, and adds a number of talented and experienced personnel to our leadership team.”
“We anticipate the common ownership of HDT, Nordic, and Airborne Systems Group will help each entity better support the evolving needs of its customer base,” said Jeff Siegal, Managing Director of Metalmark Capital. “Like Airborne, the addition of Nordic further accelerates HDT International’s objective of providing innovative products and services that help military and emergency response organizations support lighter, more agile forces which are able to quickly deploy, utilize technology-enabled applications, counter asymmetric threats, and achieve mission success.” Airborne, which was recently acquired by HDT International, is operated separately but under the leadership of HDT.
About HDT Engineered Technologies
HDT Engineered Technologies is a leading provider of mobile-military and emergency response solutions including rapidly-deployable tactical shelters, highly engineered environmental control and power equipment, and nuclear, biological, and chemical collective protection systems. For more information, please visit www.hdtglobal.com.
About Nordic Air, Inc.
Headquartered in Geneva, Ohio, Nordic Air designs and manufactures air conditioning and ventilation equipment for heavy industry and military applications. Nordic is well-known for high-quality products that are able to perform in the world’s harshest environments. For more information, please visit www.nordicair.com.
About Airborne Systems Group
Airborne is a market leader in the development, manufacturing, and support of troop parachute, aerial delivery systems, and related products and services. Airborne is a leader in the United States, United Kingdom, and Canadian military parachute marketplaces and also has significant relationships with other NATO militaries, NASA, and commercial space customers. For more information, please visit www.airborne-sys.com.
About Metalmark Capital
Metalmark Capital is a leading private equity firm whose principals have a long track record of successful investing in targeted sectors, with particular focus and competence in defense/government services, energy/natural resources, industrials and healthcare. Metalmark Capital seeks to build long-term value through active and supportive partnerships with the companies and management teams in which it invests. Metalmark Capital is an investment center of Citi Capital Advisors. For more information, please visit www.metalmarkcapital.com.