Electra Partners LLP, a private equity specialist, announced Monday that is has acquired Nuaire, a British manufacturer of ventilation systems, from ECI Partners for its client Electra Private Equity PLC for $68 million.
Nuaire has seen strong growth under ECI's ownership and will benefit from increased demand for ventilation systems to comply with new building regulations and environmentally friendly policies.
According to Charles Elkington of Electra Partners, "We are excited to be backing Nuaire's strong management team and look forward to supporting its continued growth."