• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About Strata-gee
  • Contact Us
  • Free Newsletter
  • Sponsor Strata-gee
  • Privacy Policy

Strata-gee.com

Strategy in TECH...

Crestron Horizon Thermostat
AudioControl 70 volt
What Savant Can Do
  • Latest Posts
  • Strategy
  • Technology
  • Products
  • Financial
  • Trends in Tech
  • Economic Data
You are here: Home / Archives for Nortek Air Management

Nortek Air Management

Melrose Unloads Nortek Control for Just $285 Million

September 7, 2021 by Ted 10 Comments

Photo of Nortek facility, now part of Melrose

Only Ergotron Remains…for Now…from the Original Acquisition

Melrose PLC, the private equity turnaround expert that purchased the entirety of Nortek back in 2016, unceremoniously let it slip in a bullet point of a report on financial results, that it has found a buyer for the last remaining piece of the Nortek puzzle they have struggled to turn around over the years. Although they did not name the buyer, Melrose says a contract has been signed for a $285 million deal – remarkably low considering all the brands included in this transaction.

See more on the sale of Nortek Control by Melrose

[Read more…] about Melrose Unloads Nortek Control for Just $285 Million

Filed Under: Brands, Financial, Management, Manufacturers, News, Strategy Tagged With: Melrose Industries, Melrose PLC, Nortek, Nortek Air Management, Nortek Controk

Investors Dub Melrose the Biggest ‘Loser’ After Sale of Nortek Announced

April 21, 2021 by Ted Leave a Comment

Photo of Nortek facility

If you read my report on the sale of Nortek Air Management on Monday, you know that Melrose sold off the division in a deal valued at approximately $3.6 billion. But in my discussion of the deal, I expressed some skepticism about the metrics the company was using to tell investors what a great deal it was. I don’t claim to be some kind[1] of a financial expert, but something smelled fishy to me.

Now we know what investors think of that deal…and it isn’t good for Melrose.

See what investors think of the Melrose sale of Nortek Air

[Read more…] about Investors Dub Melrose the Biggest ‘Loser’ After Sale of Nortek Announced

Filed Under: Financial, Management, Manufacturers, News, Strategy Tagged With: Melrose, Melrose Industries, Melrose Industries PLC, Melrose PLC, Nortek, Nortek Air Management

Primary Sidebar

Search

Latest Posts

It’s Show Time! Check Out These Hot Products at ISE 2023

See Solutions from Crestron, Russound, Snap One & AudioControl Taking … [Read More...] about It’s Show Time! Check Out These Hot Products at ISE 2023

  • Masimo Wins Again: Patent Trial & Appeal Board Dismisses Apple Challenge
  • Crestron Announces ‘Modern Work Summit’ on Latest Workplace Trends
  • The Wild Ride of WiSA Chasing Compliance
  • B&W Upgrades True Wireless Headphones with Pi7 S2 & Pi5 S2
  • Sources: Snap One has Restructured Operations with Staff Layoffs

Categories

Sponsors

Crestron Horizon Thermostat
AudioControl 70 volt
Russound
Sonance
Savant
James Loudspeaker

Footer

Got News?

HEY PR & Marketing Pros: Have NEWS for Strata-gee readers?

Send it to: HotNews@strata-gee.com

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Sponsor Strata-gee

Strata-gee Ads

Archives

Translate

Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

Follow Ted Green

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram

Copyright © 2023 Strata-gee.com · The Stratecon Group, Inc. All Rights Reserved · Log in