DETROIT - The Duravent Group™ has secured a significant strategic growth investment from Bain Capital. Bain Capital will partner with the Duravent Group’s leadership team, led by President and CEO Simon A. Davis, and Egeria, the Company’s existing investor, to accelerate the Company’s next phase of growth, deepen its category leadership, and expand its platform through both organic investments and strategic acquisitions. Financial terms of private investment were not disclosed.
Headquartered in Detroit, Michigan, the Duravent Group traces its heritage back to 1901 and has been a pioneering leader in venting solutions for over six decades. The Company operates 14 distinct brands in several locations across the United States, Canada, and Mexico. With world-class manufacturing capabilities and distribution networks, the Duravent Group remains at the forefront of venting technology, offering high-quality products designed to meet the evolving needs of both residential and commercial customers.
“This investment is a testament to the strength of our platform and the trust we have earned from customers as the leading provider of venting solutions that stand the test of time,” said Davis. “Bain Capital’s extensive industry expertise and operational capabilities make them the ideal partner to accelerate our next phase of growth. We have been fortunate to have an active, strategic investor in Egeria that has enabled us to build the Duravent Group into the business it is today. Adding Bain further enables us to execute our strategic vision focused on accelerating growth, strengthening our category leadership, and enhancing the differentiated value and service we provide to customers and channel partners.”
“With a market-leading platform in the venting, filtration, and air quality industries and a 125-year legacy of engineering excellence, the Duravent Group is renowned for delivering the most reliable, cutting-edge HVAC systems for homeowners, contractors, and industry professionals,” said Matt Evans, a partner at Bain Capital Special Situations. “Simon and his team have done an impressive job of deepening the Company’s value proposition rooted in a customer-first mentality.”
“We are excited to have Bain Capital join us in the Duravent Group’s next chapter,” said
Egbert Prenger, Egeria’s CEO. “We see tremendous opportunity to combine our capabilities and resources to support the Company’s continued expansion. This partnership is consistent with Egeria’s Evergreen investment approach to remain invested in companies over the long term and enable them to realize their full potential.”