Johnson Controls Acquires Silent-Aire
April 9, 2021
Johnson Controls has agreed to acquire Silent-Aire, a global provider of hyperscale data center cooling equipment and modular data center solutions, in an all-cash transaction valued at up to $870 million (approximately $630 million upfront plus earnouts). The acquisition, expected to close subject to regulatory approvals, expands Johnson Controls' capabilities and presence in the hyperscale data center vertical and is expected to be immediately accretive to adjusted EPS in fiscal 2022.
- Buyers
- Johnson Controls
- Targets
- Silent-Aire
- Industry
- Manufacturing
- Location
- Alberta, Canada
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Daikin Applied Acquires Alliance Air Products
March 2, 2023
Manufacturing
Daikin Applied has acquired Alliance Air Products, a San Diego–based manufacturer of custom air-handling equipment. The acquisition expands Daikin’s portfolio and engineering capabilities—strengthening its data-center cooling and custom HVAC offerings while enabling faster delivery and broader end-to-end solutions for mission-critical applications.
-
Schneider Electric Acquires 75% Stake in Motivair Corp
October 17, 2024
Industrial Services
Schneider Electric has acquired a 75% stake in Buffalo-based liquid-cooling specialist Motivair Corp in an all-cash transaction reported at $850 million. Schneider has an option to buy the remaining 25% by 2028; the move expands Schneider’s data-center thermal management capabilities and completes its planned data-center acquisitions for the near term.
-
Sila Services Acquires Ainsley Heating & Cooling
February 26, 2024
HVAC & Mechanical
Sila Services, a home‑services platform, has acquired Ainsley Heating & Cooling, a residential HVAC company based in Cortland, Ohio. The deal expands Sila Services' Midwest footprint and aims to accelerate Ainsley’s growth while preserving the company's legacy and team-focused culture.
-
Johnson Controls Acquires Tempered Networks
June 23, 2022
Cybersecurity
Johnson Controls acquired Seattle-based Tempered Networks to integrate its Airwall zero-trust cybersecurity platform into Johnson Controls’ OpenBlue smart‑buildings stack. The deal strengthens Johnson Controls’ ability to provide end‑to‑end zero trust security for connected building systems and to embed Tempered’s technology across its products and services; financial terms were not disclosed.
-
Bosch Acquires Johnson Controls' Residential and Light Commercial HVAC Business (including JCH JV)
July 23, 2024
Building Products
The Bosch Group has acquired Johnson Controls' Residential and Light Commercial (R&LC) HVAC business, including the Johnson Controls–Hitachi Air Conditioning (JCH) joint venture, in an all-cash transaction valued at roughly $8.0–8.1 billion. The deal expands Bosch's Home Comfort Group—nearly doubling its HVAC sales and strengthening Bosch's presence in the U.S. and Asia—while Johnson Controls will return a portion of proceeds to shareholders.
-
CoolSys Acquires Georgia Air Solutions
December 5, 2023
HVAC & Mechanical
CoolSys, a national provider of refrigeration, HVAC, energy, and engineering solutions, has acquired Georgia Air Solutions, a Jackson, Georgia-based commercial refrigeration and HVAC service provider. The acquisition expands CoolSys's market density and service offerings in Georgia, adding local installation, repair, and maintenance capabilities for grocery, retail, education, and commercial customers.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.