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M&A Deal Summary

AirX Climate Solutions Acquires AboveAir

On July 8, 2024, AirX Climate Solutions acquired machinery company AboveAir

Acquisition Highlights
  • This is AirX Climate Solutions’ 1st transaction in the Machinery sector.
  • This is AirX Climate Solutions’ 1st transaction in the United States.
  • This is AirX Climate Solutions’ 1st transaction in Maryland.

M&A Deal Summary
Date 2024-07-08
Target AboveAir
Sector Machinery
Buyer(s) AirX Climate Solutions
Deal Type Add-on Acquisition
Advisor(s) Bengur Bryan & Co., (Financial)
Miles & Stockbridge (Legal)

Target

AboveAir

Frederick, Maryland, United States
AboveAir is an original equipment manufacturer (OEM) of computer room air conditioners. The company's products are designed to provide 7x24x365 precision space temperature and humidity control for today's most critical Tenant, Enterprise, and Hyperscale/Colocation applications serving industries including financial institutions, US government agencies, and other commercial markets. AboveAir was formed in 2003 and is based in Frederick, Maryland.

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Buyer(S) 1

Buyer

AirX Climate Solutions

Yukon, Oklahoma, United States
Category Company
Sector Manufacturing
DESCRIPTION

AirX Climate Solutions provides highly engineered, specialty cooling and ventilation solutions serving mission-critical applications across a diverse set of end markets, including telecommunications, data centers, energy storage, rental, educational, and industrial/commercial markets. AirX Climate Solutions is based in Yukon, Oklahoma.

DEAL STATS #
Overall 1 of 2
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maryland) 1 of 2
Country (United States) 1 of 2
Year (2024) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 Powrmatic USA

Finksburg, Maryland, United States

Powrmatic USA is a HVAC designer and manufacturer providing cooling and heating air turnover products and solutions. Powrmatic USA is based in Finksburg, Maryland.

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