M&A Deal Summary

Daikin Applied Americas Acquires Varitec

On October 8, 2024, Daikin Applied Americas acquired consumer services company Varitec

Acquisition Highlights
  • This is Daikin Applied Americas’ 1st transaction in the Consumer Services sector.
  • This is Daikin Applied Americas’ 5th transaction in the United States.
  • This is Daikin Applied Americas’ 1st transaction in Arizona.

M&A Deal Summary
Date 2024-10-08
Target Varitec
Sector Consumer Services
Buyer(s) Daikin Applied Americas
Deal Type Add-on Acquisition

Target

Varitec

Phoenix, Arizona, United States
Varitec designs, develops, and installs large-scale, energy-efficient HVAC systems for commercial buildings. Varitec was founded in 1975 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Daikin Applied Americas

Minneapolis, Minnesota, United States
Category Company
Founded 1921
Sector Machinery
Employees4,800
DESCRIPTION

Daikin Applied Americas, Inc. is a designer and manufacturer of technologically advanced commercial HVAC systems for customers around the world. Daikin Applied Americas products are magnitude magnetic bearing chillers, pathfinder air cooled chillers and smartsource WSHP are all some of the most efficient products in the market.

DEAL STATS #
Overall 5 of 5
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Arizona) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 Carroll Air Systems

Tampa, Florida, United States

Carroll Air Systems provides heating, ventilation and air-conditioning (HVAC) systems and services for commercial, industrial and institutional facilities. Carroll Air Systems is based in Tampa, Florida.

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