Modine has announced a definitive agreement to acquire AbsolutAire, a Michigan-based manufacturer of direct-fired heating, ventilation, and make-up air systems. The acquisition is expected to be finalized on April 1, 2025, subject to customary closing conditions.
The move aligns with Modine’s strategy to enhance its portfolio with specialized HVAC solutions. "Acquiring AbsolutAire is in line with our strategy to expand our technology portfolio with differentiated solutions to capture opportunities in markets with strong tailwinds," said Neil Brinker, President and Chief Executive Officer of Modine. "Through this acquisition, we gain another top-tier HVAC offering to serve customers demanding fit-for-purpose and sustainable air management systems."
AbsolutAire, which reported approximately $25 million in revenue for 2024, provides products that will complement Modine’s Heating & Schools IAQ product group within its Climate Solutions segment. The acquisition is expected to strengthen Modine’s presence in commercial, industrial, food service, and warehousing applications—markets that are seeing increased demand for HVAC and air quality management solutions.
