We are pleased to announce Monomoy has entered into a definitive agreement to sell Friedrich Holdings, Inc. to strategic buyer, Rheem, a global manufacturer of HVAC equipment as well as water heaters, commercial and residential boilers, and commercial refrigeration solutions.

Founded in 1883, Friedrich is a manufacturer of room air conditioning, dehumidification and air purification products for residential and commercial applications. It is among industry leaders in developing high-end air conditioning solutions designed for single-room use in hotels and multi-family buildings. The company is based in San Antonio with manufacturing in Monterrey, Mexico and distribution centers in Texas and New Jersey.

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Monomoy Capital Partners is a private investment firm with $2.7 billion in committed capital across a family of five investment funds. We invest in the debt and equity of middle market businesses that can benefit from operational and financial improvement with a focus on manufacturing, distribution and consumer product businesses in North America and Europe.