Add-on Acquisition • Business Services

Zero Carbon Systems Acquires Global Thermostat

On May 22, 2024, Zero Carbon Systems acquired business services company Global Thermostat

Acquisition Context

This is Zero Carbon Systems’ 1st transaction in the Business Services sector.
This is Zero Carbon Systems’ 1st transaction in the United States.
This is Zero Carbon Systems’ 1st transaction in Colorado.

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M&A Deal Summary
Date	May 22, 2024
Target	Global Thermostat
Sector	Business Services
Buyer(s)	Zero Carbon Systems
Deal Type	Add-on Acquisition

Target Company

Global Thermostat

Commerce City, Colorado, United States

Global Thermostat is a carbon dioxide removal company that develops technologies and an extensive patent portfolio related to optimizing the performance of Direct Air Capture systems. The company's Direct Air Capture technology uses a proprietary solid sorbent embedded on a monolith and a low-temperature vacuum adsorption process to capture CO2 from air at climate scale cost-effectively. Global Thermostat is based in Commerce City, Colorado.

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