Mar. 23 at 2:59 PM
$ECL to acquire CoolIT Systems from
$KKR & Mubadala Investment Company in a
$4.75B deal - this represents 29x & 24x est'd next 12-month & 2027 adj'd EBITDA for CoolIT
CoolIT manufactures liquid cooling systems for next-gen AI data centers, which are shifting from air cooling to liquid cooling to support rising compute demands
CoolIT, which is expected to generate about
$550M in sales over the next 12 months, helps AI data centers improve their performance, reduce downtime & lower water use across operations
The transaction is expected to rapidly accelerate Ecolab's data center cooling business & double its global high-tech market opportunity to
$10B
The deal, which requires approval from regulators, is anticipated to complete in 3Q26
Transaction will be financed with new transaction deb
Ecolab ests the acquisition to be accretive to its adj'd earnings on a per-share basis beginning 2028, excluding amortization costs
$C acted as the exclusive financial advisor to Ecolab
