M&G Group, owners of M&G DuraVent Inc., has purchased Security Chimneys International from Comvest Investment Partners IV L.P. and Innovative Hearth Products.

Terms of the purchase were not disclosed.

Security, based in Laval, Quebec, is a manufacturer of venting products and accessories for residential and commercial applications in the United States and Canada.

 “We are very excited about the addition of Security, which will serve to expand DuraVent’s market leading position of innovative products for the venting of residential and commercial appliances of all kinds,” said Brooks Sherman, president and CEO of DuraVent. “In particular, Security has recently made significant investments to further develop their commercial venting systems, which has excellent potential for future growth. This acquisition further demonstrates DuraVent’s commitment to provide customers with technologically advanced chimneys and complete venting solutions. Security will continue to serve all the venting needs of its customers in both the U.S. and Canada under their well-established brand names including Security Chimneys and Oliver MacLeod.”