Baird’s YTD Momentum in the Thermal & Climate Technologies Sector
Baird Global Investment Banking’s well-established Thermal & Climate Technologies team remains among the most active advisors across this sector. Their continued market leadership in Thermal & Climate Technologies sector is evidenced by the team’s significant recent transaction momentum, announcing five deals in this space so far in 2024:
- Platinum Equity acquisition of MARS - Distributor of HVAC parts, supplies and equipment
- ACS acquisition of AboveAir - Manufacturer of precision cooling solutions for data center applications
- Johnson Controls sale of ADTI to Truelink – Manufacturer of air distribution, movement and filtration solutions
- Cleaver-Brooks sale to Miura – Provider of fully integrated, efficient boiler systems and services
- DMG and JB sale to Ambient - Providers of design and engineering services for commercial HVAC solutions
This transaction velocity is a clear reflection of the continued demand for assets in this space by strategic and financial acquirors, driven by favorable tailwinds such as the demand for more energy efficient systems, the continued focus on improved indoor air quality and the rapid buildout of data center infrastructure.
To discuss these deals and learn more about what is driving activity, connect with Baird’s Thermal & Climate Technologies team.
