Campolo, Middleton & McCormick is delighted to announce that our client Vicon Machinery Group, the leading U.S. manufacturer of rectangular ventilation duct machinery, has been acquired by Lindab International, a publicly traded billion-dollar corporation.
Vicon is the industry leader in North America for the manufacture of HVAC ductwork machinery. Their office is headquartered in Bohemia, New York, with production facilities in Missouri and Pennsylvania. Vicon is comprised of four companies: Vicon Machinery, Plasma Automation, Walsh Atkinson Company, and Central States Machinery with approximately 20 distributors across the U.S.
Lindab is an international leader in the production of ventilation ducts. This acquisition will give Lindab more comprehensive access to the North American market, according to Lindab President and CEO Ola Ringdahl. This acquisition more than triples Lindab’s sales in the U.S. while doubling global sales of machines for duct production.
Lindab, listed on the Nasdaq Stockholm, Large Cap, under the ticker symbol LIAB, has over 5,000 employees in 20 countries and generates over $1.2 billion in revenue.
Vincent Costa led the deal team. Through the negotiations, CMM worked closely with multi-family office Strata Alliance; tax advisors Sasserath & Co.; M&A advisory firm Protegrity Advisors; and trusts and estates counsel DePinto Faldetta, LLP.
Congratulations to the all the Vicon companies and Lindab for the upcoming success of the business integration.