M&A Deal Summary

Johnson Controls Acquires Silent-Aire

On April 9, 2021, Johnson Controls acquired engineering company Silent-Aire for 870M USD

Acquisition Highlights
  • This is Johnson Controls’ 3rd transaction in the Engineering sector.
  • This is Johnson Controls’ 3rd largest (disclosed) transaction.
  • This is Johnson Controls’ 2nd transaction in Canada.
  • This is Johnson Controls’ 1st transaction in Alberta.

M&A Deal Summary
Date 2021-04-09
Target Silent-Aire
Sector Engineering
Buyer(s) Johnson Controls
Deal Type Add-on Acquisition
Deal Value 870M USD

Target

Silent-Aire

Edmonton, Alberta, Canada
Silent-Aire specializes in the design, engineering, and manufacturing of mission-critical custom air handlers and modular data centers for hyperscale cloud and colocation providers. Silent-Aire's portfolio of data center solutions allows for rapid deployment of critical infrastructure in flexible configurations, with a focus on quality, scalability, and speed-to-market. Silent-Aire was founded in 1994 and is based in Edmonton, Alberta.

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Buyer(S) 1

Buyer

Johnson Controls

Cork, Ireland
Category Company
Founded 1885
Sector Diversified
Employees102,000
Revenue 26.8B USD (2023)
DESCRIPTION
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.

Johnson Controls is a diversified technology and industrial company that creates products, services, and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating and interior systems for automobiles. Johnson Controls was founded in 1885 and is based in Cork, Ireland.

DEAL STATS #
Overall 23 of 32
Sector (Engineering) 3 of 3
Type (Add-on Acquisition) 18 of 27
State (Alberta) 1 of 1
Country (Canada) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-07 Hart & Cooley

Grand Rapids, Michigan, United States

Hart & Cooley is a manufacturer of HVAC and air distribution products, including vents, grilles, registers, diffusers, and rooftop and chimney products. Hart & Cooley was founded in 1901 and is based in Grand Rapids, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Johnson Controls Security Solutions

Milwaukee, Wisconsin, United States

Johnson Controls Security Solutions is a provider of residential and commercial security products and services. Johnson Controls Security Solutions was founded in 1947 and is based in Midlothian, Virginia.

Buy -
Mergr

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