About Nortek
Nortek is a company based in Providence (United States) founded in 1967 was acquired by Melrose in July 2016.. Nortek has completed 7 acquisitions, including 2GIG, Anthropologie and ELAN Home Systems.
- Headquarter Providence, United States
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Funding Insights of Nortek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nortek
Nortek has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Melrose, Thomas H Lee Partners and Kelso & Company. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are directed toward traditional industries.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Electricity-generating equipment is manufactured for power and industrial sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nortek
Nortek has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include 2GIG, Anthropologie and ELAN Home Systems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Virtual sales assistant using natural language processing is provided.
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2012 | ||||
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Residential security and home automation systems are offered by 2GIG.
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2005 | ||||
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Movie and music-focused entertainment servers are manufactured and developed.
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nortek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nortek Comparisons
Competitors of Nortek
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Nortek
When was Nortek founded?
Nortek was founded in 1967.
Where is Nortek located?
Nortek is headquartered in Providence, United States. It is registered at Providence, Rhode Island, United States.
Who is the current CEO of Nortek?
Finn Ivar Marum is the current CEO of Nortek.
What does Nortek do?
Nortek was founded in 1967 and is headquartered in Providence, United States. Operations focus on the development and provision of solutions in air quality management, heating, ventilation, and air conditioning (HVAC) systems, security technologies, and ergonomic products. These offerings serve both residential homes and commercial buildings, addressing environmental control and safety needs across various sectors.
How many acquisitions has Nortek made?
Nortek has made 7 acquisitions, including 2GIG, Anthropologie, and ELAN Home Systems.
Who are Nortek's investors?
Nortek has 3 investors. Key investors include Melrose, Thomas H Lee Partners, and Kelso & Company.
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