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Modine announces acquisition of Scott Springfield Manufacturing

On February 26, 2024, Modine (NYSE: MOD), a diversified global leader in innovative thermal management and ventilation solutions, announced that it had entered into a definitive agreement to its intention completed its acquisition of Scott Springfield Manufacturing, a leading manufacturer of air handling units (AHU). With this transaction, Modine will gain immediate access to a highly complementary product portfolio and a blue-chip customer base in several strategic end markets, including hyperscale and colocation data centers, telecommunications, healthcare and aerospace.

BLG represented Modine with a team led by Stefan Timms that included Nav Dhaliwal, Karleigh Maag, Aleem Merali and Michelle Jin (Corporate); Steve Suarez (tax); Denes Rothschild (Competition & Foreign Investment Review); James Fu (Pensions & Benefits); Andrew Pozzobon and Stephanie Bossert (Labour & Employment); Brian Portas (Immigration); Colin Yeo, Mark Kolapak and Gabriel Sittler (Financial Services); LuAnne Morrow (Intellectual Property); Rick Williams and Karen Salmon (Environmental); Aaron Bowler and Jodi Berry (Real Estate); Graeme Hamilton and Sarah Diebel (Trade).