Hunter Fan Company Acquires Industrial Fan Provider Jan Fan
October 11, 2019
Nashville, Tenn. October 11, 2019 —Hunter Fan Company, a portfolio company of MidOcean Partners and a leading manufacturer of ceiling and industrial fans, has acquired Entrepreneurial Pursuits, Inc. (d/b/a “Jan Fan”). Headquartered in Michigan and Ohio, Jan Fan is a manufacturer and distributor of fixed and rolling-mount caged fan solutions for commercial and industrial workspaces. The combination of these two businesses further strengthens Hunter’s rapidly growing position in the industrial fan segment of the market. Jan Fan has operated for more than 60 years and serves customers across the United States, Canada and Mexico. The company’s products include heavy duty pedestal fans, mounted fans, shop fans, floor fans and mobile fans. Jan Fan’s high quality, energy efficient products will complement Hunter’s existing line of industrial high-volume low-speed (“HVLS”) and commercial ceiling fans.
“We are very pleased to welcome Jan Fan into the Hunter Fan family,” said John Alexander, CEO of Hunter Fan. “Jan Fan has a strong reputation for high quality fans and a long track record of best-in-class customer relationships. Jan Fan will expand our current portfolio of products and allow for a more complete solution for our customers. Jan Fan’s products are complementary to Hunter’s existing industrial products and the addition provides significant cross-sell opportunities and a scaled go-to-market solution.”
Andrew Gilbert, Principal of MidOcean Partners, said “The acquisition of Jan Fan augments Hunter’s growing HVLS fan business and expands the addressable market for Hunter. We are excited to add Jan Fan’s high quality product to our portfolio and continue the rapid growth, both organically and through acquisition of Hunter’s Industrial division.”
The terms of the transaction were not disclosed. Gibson, Dunn & Crutcher LLP acted as legal advisor to Hunter Fan.
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About Hunter Fan
Founded in 1886, Hunter Fan has been designing and manufacturing quality fans for over 120 years. Today, Hunter has expanded its product offerings to include other home comfort products such as air purifiers, humidifiers, thermostats and also sells decorative lamps and fixtures under the Hunter and Kenroy labels. For more information, visit www.hunterfan.com.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has managed approximately $4.8 billion of committed capital and has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages over $7.5 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts as of June 30, 2020.
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