Partners Group Holding AG PGHN, -1.51% said Wednesday it agreed to buy DiversiTech – a Georgia-based manufacturer and supplier of parts and accessories for heating, ventilation and air conditioning equipment – from Permira at an enterprise value of $2.2 billion. Permira and management will remain minority investors in the company, which was founded in 1971 and based near Atlanta. DiversiTech employs 1,250 people at 20 locations in the US, Canada and the UK Partners Group said it plans to accelerating new product development, expand through mergers and acquisitions and boost internal manufacturing capabilities. Partners Group managing director Andrew Oliver led the deal. Shares of Partners Group rose 0.7%.

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PACE Supply goes beyond supplying plumbing companies with the acquisition of three Northern California companies.

The Rohnert Park-based company, which until then had 25 locations in California and Hawaii, acquired JW Wood Co. Inc., Northern Industrial Sales and All Air Supply effective January 1. The financial terms of the deal were not disclosed in the announcement Tuesday.

“Part of PACE Supply’s strategy is to expand our capabilities and expand our geographic presence,” said President Keith Hubbard in the press release. “JW Wood is a testament to their passionate people and has built a reputation for excellent customer service. It fits in perfectly with our organization. We are honored to have their family members in our family and we look forward to serving our customers. “

The deal includes four locations in California: Redding, Chico, Susanville and Yuba City. The first two have sanitary showrooms.

JW Wood, a family business founded in 1954, provides plumbing, HVAC, irrigation, and industrial services in northern California and southern Oregon.

“My brother Kellie and I were fortunate enough to learn the wholesale plumbing business from one of the best, our father Wes Wood, the founder of JW Wood,” said former President John Wood. “We worked for JW Wood when we were young. When it came time to retire, our focus was on finding a buyer who would be a good fit with our family, employees, customers, and the communities we have served for the past 67 years. PACE Supply is that company. “

Brad Williams of Beringer Group represented JW Wood on the transaction.

Pace Supply was founded in 1994 and is employee owned. Prior to this deal, it had 20 wholesale locations and four Premier Bath & Kitchen showrooms.

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Waterton plans to renovate the 154-unit Delphine on Diamond multi-family community in the Noe Valley neighborhood of San Francisco.

SAN FRANCISCO – Waterton, a Chicago-based national real estate investor and operator, has purchased Delphine on Diamond, formerly known as Eaves Diamond Heights, as an entry into the San Francisco market.

The Delphine on Diamond is located in the Noe Valley district and has 154 one, two and three bedroom apartments spread over two podium buildings with underground parking.

Waterton plans to renovate the community, built in 1972, including new siding and windows, landscaping, mechanical improvements, and updates to hallways, public areas, and facilities. In addition, the units will be fitted with new lights, carpets and wooden floors, while the kitchens will be fitted with new cabinets, solid-surface countertops and modern plumbing fixtures.

The property is located at 5285 Diamond Heights Blvd. The terms of the acquisition were not published.

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