Los Angeles, CA - Capstone Partners LLC, a leading national investment banking firm, announced that it has successfully advised Friedrich Air Conditioning Co., Ltd. in its sale to Corinthian Capital Group. Terms of the transaction were not disclosed.
Friedrich Air Conditioning has an impressive, 60-year history of manufacturing high-quality room air conditioners, and has built a strong brand name and reputation for product durability and quality. The company is headquartered in San Antonio, TX, with a manufacturing facility in Monterrey, Mexico. Corinthian Capital Group, LLC is a leading private equity firm specializing in investments in small and middle market companies operating niche manufacturing, distribution and service businesses. Corinthian Capital is based in New York, NY with offices in Chicago, IL and Boston, MA.
Corinthian owns several other building products companies and acquired Friedrich with the intention of expanding the company.