Swedish private equity firm EQT announced today (April 8) the sale of its Swedish Dometic Group, which includes long-time RV industry supplier Dometic Corp., to “funds advised by” BC Partners, a European private equity firm.
EQT acquired Elkhart, Ind.-based Dometic from Electrolux AB, the Swedish company with which it was affiliated for 77 years, in 2001.
According to a press release, Dometic’s management group and organization will remain in place and daily contacts with customers, suppliers and end-users will not be affected. The sale is conditional on approval by the “relevant competition authorities.”
“We look forward to working with BC Partners to capitalize on our attractive future growth opportunities,” says Lars Johansson, CEO of Dometic.
Under EQT’s ownership, Dometic expanded with the acquisition of SeaLand Technology, Big Prairie, Ohio, a supplier of RV, boat and residential toilets, as well as marine supplier Taylormade Environmental.
“Dometic is an exciting company with excellent future prospects,” said Simon Palley, who led the current investment in Dometic at BC Partners. “The Dometic management and the existing organization will continue to be key in further developing Dometic’s leading products and positions. We hope to be a valuable partner in this next phase.” 
Dometic, which has 4,400 employees and production facilities in ten countries and sales and marketing operations in 35 countries with approximately 65 distributors globally, is a long-time supplier of air conditioning systems, refrigerators, cookers, sanitations equipment, lighting, windows, doors and awnings, largely for recreation markets. Dometic also manufactures small refrigerators or miniBars and safes to the hotel industry and specially developed medical refrigeration equipment for the medical sector.
“Dometic’s financial targets for growth and profitability remain intact and we will continue to see both organic and acquired growth,” said Rutger Wachtmeister, Dometic’s executive vice president of marketing and sales.