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United Technologies Corp.

Once Again, Melrose Considers Disposing of Nortek; This Time It’s Serious

January 22, 2020 by Ted Leave a Comment

Melrose logo

Melrose Industries plc, the British turnaround specialist who acquires underperforming companies to improve their operations and management for resale, is now actively considering selling off the bulk of Nortek in a deal that could be worth $3 billion, according to reports from Bloomberg News and the Financial Times. If they actually execute this sale, it will be a relatively early exit from their ownership of Nortek which they purchased in 2016 for $2.8 billion.

See why Melrose is ready to exit Nortek…

[Read more…] about Once Again, Melrose Considers Disposing of Nortek; This Time It’s Serious

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: acquisition, divestiture, Johnson Controls, Melrose Industries, Melrose PLC, Nortek, Nortek Inc., Nortek Security & Control, United Technologies Corp.

Investment Advisor on Potential Nortek Acquisition: ‘Nortek is a Bit of a Train Wreck’

September 3, 2015 by Ted Leave a Comment

Nortek LogoAfter the Wall Street Journal revealed late last month that United Technologies Corp. (UTC) was in talks to potentially acquire Nortek, Inc., we questioned why UTC would even want to acquire Nortek. Within days of our post, investment advisory firm The Motley Fool (TMF) also raised the issue in a post last week about this not-quite-so-obvious marriage. Well, maybe it’s more like a dalliance than a marriage…at least at this point.

We found the Motley Fool’s analysis interesting – both in their clear-eyed assessment of Nortek and why the acquisition may in fact make sense for United Technologies.

See more on this Motley Fool discussion of the potential UTC-Nortek deal… [Read more…] about Investment Advisor on Potential Nortek Acquisition: ‘Nortek is a Bit of a Train Wreck’

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Core Brands, Elan, Gregory Hayes, Niles, Nortek, Nortek Inc., Panamax, SpeakerCraft, United Technologies Corp., Xantech

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Ted Green Bio

A former dealer, installer, manufac-turer, distributor & more. With a focus on business strategy, my goal is to help you make better decisions for more success.

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