Modine Manufacturing (Canada) Ltd., a subsidiary of Modine Manufacturing Company, has agreed to purchase Scott Springfield MFG Inc., a Calgary-based manufacturer of air handling units (AHU), from Olympic International Agencies Ltd. in a deal valued at approximately $257 million (US$191 million).

Norton Rose Fulbright Canada LLP served as legal counsel and Angle Advisors acted as the financial advisor to Olympic. Borden Ladner Gervais LLP served as legal counsel and Barclays as financial advisor to Modine.

The deal has been completed on March 01, 2024.