CIBC US Middle Market Investment Banking is pleased to announce that its client, L.B. White, a portfolio company of Mason Wells, has been acquired by Modine (NYSE: MOD). CIBC acted as exclusive financial advisor to L.B. White in this transaction.

L.B. White is a leader in specialized heating technology, manufacturing direct-fired forced air, radiant, indirect-fired and electric heating solutions. The company holds a market-leading position in swine and poultry agriculture heating in North America and is one of the top market leaders in portables heating.