Hyde Park Capital Announces Sale Of MaxxAir Vent To Airxcel Holdings
Tampa, Florida – October 8, 2012 – Hyde Park Capital Advisors, LLC (“Hyde Park Capital”) is pleased to announce the recently completed sale of MaxxAir Vent Corp. (“MaxxAir”) to Airxcel Holdings, Inc. (“Airxcel”). MaxxAir is a leading supplier of ventilation solutions to the recreational vehicle aftermarket. MaxxAir’s flagship product, the MaxxAir louvered vent cap cover, has sold over 2 million units since its introduction to the marketplace. Hyde Park Capital served as the investment banker and exclusive financial advisor to MaxxAir for this transaction. “We appreciate the support of the investment bankers at Hyde Park Capital to bring this sale transaction to a successful conclusion. Their expertise, network of contacts, and persistent attention to the details and mechanics were invaluable throughout the process,” said Allen Thomas, President and Owner of MaxxAir. Mr. Thomas added, “I very much wanted to find a home for MaxxAir where the new ownership is committed to the type of products and markets served by MaxxAir and has the strength and ability to take MaxxAir to new levels in sales and product development.” “Airxcel is delighted to have completed the acquisition of MaxxAir. We have known Allen Thomas for a number of years and are impressed by MaxxAir’s track record of product innovation and commitment to exceptional customer service. We look forward to supporting the business as it continues to grow,” said Mel Adams, Airxcel President and CEO. Jeffrey Bridge, Vice President at Hyde Park Capital, said, “We thank Mr. Thomas for his confidence in us and for the opportunity to be involved in this transaction. MaxxAir is one of the leading brands in the RV parts market, and it was a pleasure representing the Company in the sale to Airxcel.”
About MaxxAir Vent
MaxxAir Vent, founded in 1989 and headquartered in Tampa, Florida, is a leading provider of ventilation solutions to the RV aftermarket. MaxxAir manufactures mounted fans, window mounted vents, rain covers, vent cap covers and ancillary accessories that protect more than 2 million RVs across the U.S. The Company offers its products through over 4,000 authorized RV dealers across the U.S. and internationally. For additional information, visit www.maxxair.com.
Airxcel, headquartered in Wichita, Kansas, is a leading designer and manufacturer of climate control solutions and complementary products. Airxcel has leading share in the North American markets for climate control equipment for recreation vehicles (RVs), telecommunication shelters and self-contained classrooms. The Company also enjoys leading market positions for complementary products including RV water heaters and cooking appliances. Outside of the RV market, Airxcel designs and manufactures climate control equipment for marine vessels, assisted living homes, residential multi-family dwellings, modular buildings and portable structures. The Company sells its products under well-known brand names including Coleman®-Mach®, Suburban®, Marvair®. For additional information, visit www.airxcel.com.
About Hyde Park Capital
Hyde Park Capital is an institutionally focused investment banking firm specializing in mergers and acquisitions and private placements and serving the corporate finance needs of middle market public and private companies. Our principals have extensive investment banking experience executing merger & acquisition engagements, including purchase and sale of company assignments, recapitalizations, financial advisory, fairness opinions and raising growth capital and acquisition financing for companies, including equity, mezzanine and senior debt. As one of the most active investment banking firms in Florida and the Southeast, our professionals have advised on more than 300 corporate investment banking transactions totaling more than $10 billion in transaction value. We are headquartered in Tampa, Florida and are a member of FINRA and SIPC. For additional information about Hyde Park Capital, visit www.hydeparkcapital.com or call (813) 383-0202.