Airxcel, a Wichita-based maker of heating, cooling and ventilation systems for recreational vehicles and other products, has been sold by private equity firm Bruckmann, Rosser, Sherrill & Co. to One Rock Capital Partners.
Terms of the sale were not released, according to the companies.
Mel Adams, longtime Airxcel chief executive officer, also bought part of the company and will remain in his current role, according to a news release. Chief operating officer Jeff Rutherford and chief financial officer Debi Jones also bought part of the company and will also remain in their positions.
Airxcel has recovered after taking a big hit in the recession. It now has more than 750 employees at its plants, which include facilities at 3050 N. St. Francis St. in Wichita and in Georgia and Tennessee. The company started as a division of the Coleman Co. that was spun off in 1991.
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