Johnson Controls in Closing of $1.6 Billion Acquisition of Air Distribution Technologies
June 16, 2014
Cleary Gottlieb represented Johnson Controls in its acquisition of Air Distribution Technologies from Canada Pension Plan Investment Board (CPPIB) for approximately $1.6 billion. The transaction was announced on April 16, 2014 and closed on June 16, 2014. Cleary acted as both M&A and antitrust counsel on the deal.
Johnson Controls is a global diversified technology and industrial company serving customers in more than 150 countries, and a leader in the building technology industry. Air Distribution Technologies is one of the largest independent providers of innovative air distribution and ventilation solutions for residential and non-residential buildings in the United States.