Washington, D.C., January 3, 2024 — Ascend Capital Group is proud to have served as the exclusive financial advisor to Havtech in their strategic acquisition of The Morin Company, Morin Distribution, and Prillaman Systems. This acquisition marks another milestone for Havtech, strengthening its position as a leader in the Mid-Atlantic market for heating, ventilation, and air conditioning systems.
Founded in 1985, Havtech has distinguished itself through its dedication to innovation, customer-focused solutions, and comprehensive service offerings. With the integration of The Morin Company and Prillaman Systems, Havtech sets the foundation for Morin Hydronics LLC, aimed at creating a powerhouse in the hydronics sector.
Morin Distribution, with its history of excellence, will continue to offer unparalleled support to service contractors, building owners, and operators. By joining the Havtech family, Morin Distribution will collaborate with Havtech Commercial Distribution to leverage collective resources and expertise, aiming to elevate the overall customer experience.
Eric Parekh, Managing Director at Ascend, said, “It was a privilege to play a role in bringing these great companies together. The Morin Companies and Havtech each have strong reputations of representing top-tier manufacturers and providing best-in-class service and support to their customers. The complementary strengths of these businesses will allow Havtech to support the entire lifecycle of commercial HVAC systems.”
This acquisition is a testament to Havtech’s strategic vision of broadening its innovative solutions and services to meet the evolving needs of consulting engineers, contractors, and building owners. Ascend Capital Group has played a crucial role in aligning Havtech with complementary entities by facilitating acquisitions that have enhanced Havtech’s market presence and capabilities.
This acquisition was effective January 3, 2024.
