Cincinnati Fan & Ventilator Company, Inc.

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Cincinnati Fan & Ventilator Company, Inc. - overview

Established

1956

Location

Mason, OH, US

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

About

Cincinnati Fan & Ventilator Company specializes in the design and manufacturing of industrial fans, blowers, and exhaust systems, providing efficient air movement solutions across various sectors. Founded in 1956 and headquartered in Mason, US, Cincinnati Fan & Ventilator Company, Inc. manufactures air movement equipment. The company was acquired by SPX Corporation in November 2021 for USD 145 mn, with Paul Burton continuing as President and CEO.


This acquisition is aimed at enhancing growth in HVAC markets. Cincinnati Fan specializes in manufacturing industrial fans, blowers, critical exhaust systems, and dampers. Their offerings include centrifugal and axial fans tailored for high pressure, low noise, and energy efficiency. The company serves a diverse range of clients, including manufacturers and construction firms, with products designed for air quality control and efficient system performance.


With over 65 years of experience, Cincinnati Fan operates through 56 offices and employs over 170 sales engineers across North America to support its clientele. Cincinnati Fan generates revenue primarily from the sale of industrial fans and blowers, along with replacement parts. Their sales model emphasizes direct B2B transactions that enable rapid fulfillment of orders, often within 24 hours. Key products like the Cast Aluminum Pressure Blower are central to their revenue strategy, showcasing a commitment to quality and reliable service.


Following its acquisition in December 2021, Cincinnati Fan aims to leverage the support from SPX Corporation to expand its product offerings and market reach. The company is focusing on developing new products tailored to emerging HVAC needs, with specific launches planned for 2023. Expansion efforts are particularly targeted at increasing presence in North American markets, utilizing the recent funding of USD 145 mn to enhance operations and product development capabilities.


Primary Industry

Heating, Cooling & Ventilation Equipment and Services

Sub Industries

Heating, Cooling & Ventilation Equipment and Services, Industrial Machinery

Website

www.cincinnatifan.com

Verticals

Manufacturing

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Cincinnati Fan & Ventilator Company, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedCincinnati Fan & Ventilator Company, Inc.-
Add-onCompletedStrobic Air Corporation-
Add-onCompletedDaniels Fans Ltd.-
BuyoutCompletedCincinnati Fan & Ventilator Company, Inc.-

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Cincinnati Fan & Ventilator Company, Inc. - employee data

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