M&A Deal Summary

Midwest Cooling Tower Services Acquires Tower Performance

On August 18, 2021, Midwest Cooling Tower Services acquired business services company Tower Performance

Acquisition Highlights
  • This is Midwest Cooling Tower Services’ 1st transaction in the Business Services sector.
  • This is Midwest Cooling Tower Services’ 2nd transaction in the United States.
  • This is Midwest Cooling Tower Services’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2021-08-18
Target Tower Performance
Sector Business Services
Buyer(s) Midwest Cooling Tower Services
Deal Type Add-on Acquisition

Target

Tower Performance

Florham Park, New Jersey, United States
Tower Performance is a provider of cooling tower repair, maintenance, upgrade, inspection, and construction services. Tower Performance was founded in 1964 and is based in Florham Park, New Jersey.

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Buyer(S) 1

Buyer

Midwest Cooling Tower Services

Krotz Springs, Louisiana, United States

Category Company
Founded 1984
Sector Business Services
DESCRIPTION

Midwest Cooling Tower Services is a provider of cooling tower maintenance and services to oil refineries and industrial plants, including upgrades, repairs, emergency work, basin cleaning, inspections, and the provision of mobile cooling units to allow a plant to continue operating during repairs. Midwest Cooling Tower Services was founded in 1984 and is based in Krotz Springs, Louisiana.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Industrial Cooling Tower Services

Baton Rouge, Louisiana, United States

Industrial Cooling Tower Services, Inc. is a full-service cooling tower contractor providing services to the industrial and power generation markets. The company provides professional services ranging from engineering/new construction, thermal upgrades, general repairs, maintenance programs, and inspection services.

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