Vertiv Acquires ThermoKey S.p.A. to Expand Heat Rejection and Cooling Technologies for AI Data Centers

Vertiv Acquires PurgeRite to Expand Liquid Cooling and Fluid Management Services

December 4, 2025

Industrial Services

Vertiv Holdings Co. completed the acquisition of PurgeRite (Purge Rite Intermediate LLC) for approximately $1.0 billion, enhancing Vertiv's fluid management and liquid-cooling service capabilities for data centers, HPC and AI environments. PurgeRite—headquartered in Texas—brings specialized mechanical flushing, purging and filtration expertise and proprietary technologies to strengthen Vertiv's end-to-end thermal management offerings.

Acuity Brands to Acquire KE2 Therm Solutions

April 14, 2023

Industrial Services

Acuity Brands, Inc. announced a definitive agreement to acquire KE2 Therm Solutions, Inc., which develops and provides intelligent refrigeration control solutions. The transaction is expected to close in spring 2023, when KE2 Therm will begin integrating into Distech Controls within Acuity’s Intelligent Spaces Group segment.

Impact Climate Technologies Acquires Heat Transfer Systems of Georgia

January 15, 2026

HVAC & Mechanical

Impact Climate Technologies (ICT), an Ardian-backed HVAC holding company, has acquired Heat Transfer Systems of Georgia, an Alpharetta, Georgia-based provider of cooling towers, heat exchangers, boilers, water filtration and related HVAC equipment and services. The acquisition expands ICT’s presence in the Southeast and adds specialized thermal expertise to its platform; Heat Transfer Systems of Georgia will continue operating under its existing name and leadership.

Daikin Applied Acquires Varitec Solutions

October 8, 2024

HVAC & Mechanical

Daikin Applied announced a majority investment in Varitec Solutions, a Phoenix-based designer, developer and installer of large-scale, energy-efficient HVAC systems. The deal brings Varitec's ~170 employees into the Daikin Group to expand Daikin's end-to-end HVAC capabilities and service footprint across the U.S. Southwest while Varitec's president, Chris Carlson, will continue to lead the business.

Cloudera Acquires Verta's Operational AI Platform

June 3, 2024

AI & Machine Learning

Cloudera has acquired Verta's Operational AI Platform and hired the Verta team into its machine learning organization to accelerate Cloudera's enterprise AI roadmap. The deal brings Verta's MLOps, model catalog and GenAI tooling into Cloudera's hybrid, multi-cloud data platform to strengthen operational AI, model governance, and developer tooling for customers.

DeepCoolAI and MAS HVAC Merge to Form Unified Data Center Thermal Management Provider

November 19, 2025

Engineering Services

DeepCoolAI and MAS HVAC have merged to create a single thermal management company combining DeepCoolAI’s liquid-cooling technology with MAS HVAC’s mission-critical air-cooling and HVAC engineering capabilities (including MAS HVAC’s Daedex subsidiary). The combined organization aims to offer comprehensive air, liquid and hybrid cooling solutions for data centers, enabling faster deployment, simplified vendor management and improved scalability for high-density AI and HPC workloads.