M&A Deal Summary

AirX Climate Solutions Acquires Powrmatic USA

On December 4, 2024, AirX Climate Solutions acquired consumer services company Powrmatic USA from Stamm International

Acquisition Highlights
  • This is AirX Climate Solutions’ 1st transaction in the Consumer Services sector.
  • This is AirX Climate Solutions’ 2nd transaction in the United States.
  • This is AirX Climate Solutions’ 2nd transaction in Maryland.

M&A Deal Summary

Date 2024-12-04
Target Powrmatic USA
Sector Consumer Services
Buyer(s) AirX Climate Solutions
Sellers(s) Stamm International
Deal Type Divestiture

Target

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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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 2 of 2
Sector: Consumer Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Maryland M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-08 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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Seller(S) 1

SELLER

Stamm International

New Jersey, United States

Category Company
Sector Manufacturing
DESCRIPTION

Stamm International is a manufacturer and distributor of heating, ventilation, and air conditioning equipment.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1