PLATINUM EQUITY ANNOUNCES ACQUISITION OF INFRATECH

Platinum Equity announced today the acquisition of Infratech, a leading provider of infrared electric heating solutions, for an undisclosed amount. The transaction was completed on May 5, 2026, with Infratech being acquired from entrepreneur Sam Longo Jr. and CEO John Mazzotta, who will continue to lead the company and retain equity stakes in the business. Infratech has established itself as a significant player in the heating solutions market, boasting over 50 years of experience in both residential and commercial applications.

Infratech, headquartered in Gardena, California, specializes in high-quality infrared heating products and offers a comprehensive range of solutions that cater to the outdoor comfort ecosystem. The company’s product lineup includes premium heating solutions, UL-listed controls, and various mounting options, all manufactured domestically. This focus on quality and innovation positions Infratech favorably within the growing smart and connected building technology sector, which is increasingly prioritizing energy efficiency and environmental sustainability.

The strategic rationale behind the acquisition lies in Platinum Equity's intent to leverage its operational resources and sector expertise to enhance Infratech's growth potential. The firm has a history of supporting entrepreneurial businesses while maintaining their core values and strengths. According to Platinum Equity Co-President Jacob Kotzubei, Infratech's established brand and market position in the infrared electric heating category present significant opportunities for expansion. The firm plans to invest in both organic growth initiatives and potential add-on acquisitions that align with Infratech's existing capabilities.

Infratech's leadership is optimistic about the future under Platinum Equity's ownership. CEO John Mazzotta expressed confidence that the partnership will provide the necessary capital and resources to drive innovation and product development. The company aims to explore opportunities for growth across HVAC solutions and the broader building automation ecosystem, indicating a proactive approach to expanding its market reach and product offerings.

The acquisition of Infratech by Platinum Equity underscores a broader trend in the HVAC sector, where companies are increasingly seeking to enhance their technological capabilities and product lines through strategic mergers and acquisitions. As the demand for energy-efficient and smart building solutions continues to rise, firms like Infratech are well-positioned to capitalize on these trends. The collaboration between Platinum Equity and Infratech is expected to not only accelerate the latter's growth trajectory but also contribute to the ongoing evolution of the heating solutions market.