M&A Deal Summary

Zero Carbon Systems Acquires Global Thermostat

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2024-05-22
Target Global Thermostat
Sector Business Services
Buyer(s) Zero Carbon Systems
Deal Type Add-on Acquisition

Target

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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Buyer(S) 1

Buyer

Zero Carbon Systems

New York, New York, United States
Category Company
Sector Business Services
DESCRIPTION

Zero Carbon Systems is a direct air capture company focused on delivering highly scalable, low-cost, low-energy carbon dioxide removal solutions. The ZCS design offers a continuous process, the ability to run 100% on renewable electricity, and very large-scale, high-throughput units to optimize economics at the megaton scale and beyond. Zero Carbon Systems is based in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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