Sidley is representing Ariston Group, a global leader in sustainable climate and water comfort, in its joint venture with Lennox to launch water heaters in North America.
The newly established joint venture will be called Ariston Lennox Water Heating North America. Ariston will own 50.1% of the joint venture, while Lennox will own the remaining 49.9%. Leadership of the joint venture will be appointed jointly by Ariston Group and Lennox.
The joint venture will support the growth of Ariston Group and Lennox water heater sales across their respective channels and customers in the U.S. and Canada. The strategic partnership brings together Ariston Group’s advanced global and regional expertise in water heating technology, R&D and manufacturing, and the trusted brands, distribution channels, and expansive customer network of Lennox.
The cross-practice Sidley team was led by partners Ramy Wahbeh and Nicolai Schwarz-Gondek (M&A and Private Equity), and managing associate Filippo Durazzo (M&A and Private Equity). The wider team included Kyle Barnett (M&A and Private Equity), Cathryn Le Regulski (Labor, Employment and Immigration), Stacy Crosnicker (Employee Benefits and Executive Compensation), Jen Fernandez (Global Arbitration, Trade and Advocacy), and Vadim Brusser (Antitrust and Competition).
