LENNOX INTERNATIONAL INC acquired James N. Kirby Pty. Ltd. for approximately $65.5 million (per FY2001 10-K, Note 6), a transaction completed in June 1999, structured as all cash.
James N. Kirby Pty. Ltd. operates in Commercial refrigeration / heat transfer (International), is based in Australia, had revenue of about contributed approximately $27.5 million to the year-over-year increase in North American commercial refrigeration sales in 2000 (per FY2001 10-K). In June 1999, Lennox acquired the outstanding stock of James N. Kirby Pty. Ltd. ("Kirby"), an Australian company that manufactures and distributes commercial refrigeration and heat transfer products and participates in those markets in Australia. The purchase price was approximately $65.5 million.
Kirby expanded Lennox's commercial refrigeration and heat transfer presence into the Australian market.
Kirby added refrigeration and heat-transfer manufacturing and an established Australian distribution network to Lennox's commercial refrigeration business. Broadened Lennox's commercial refrigeration and heat transfer reach in the Asia-Pacific region. Commercial refrigeration / heat transfer segment
In June 1999, the Company acquired the outstanding stock of James N. Kirby Pty. Ltd. ("Kirby"), an Australian manufacturer and distributor of refrigeration and heat transfer products. The purchase price of $65.5 million was paid in cash.Lennox International FY2001 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.