logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Coolsys Acquires 1Gnite Asset Recovery Solutions

Aug 08, 2023•over 2 years ago

Acquiring Company

CoolSys

Acquired Company

1GNITE

BreaFacilities ServicesHospitalityRetailFacility ManagementFacilities Support Services

Description

CoolSysTM, the market-leading nationwide provider of sustainable refrigeration, HVAC, energy and engineering solutions, has acquired 1GNITE, an environmentally friendly asset recovery, recommerce and specialized facility services company. In announcing its second acquisition within one week, CoolSys will expand its sustainable solutions to include equipment decommissioning and recommercing while reinforcing its nationwide network and capabilities.

Company Information

Company

CoolSys

Location

Brea, California, United States

About

CoolSys is the market-leading refrigeration and HVAC solutions company, specializing in a full spectrum of best-in-class service experiences and solutions for customers in the retail, foodservice, commercial and industrial market segments. CoolSys and its operating businesses cover every stage of mission-critical systems from engineering and design, to installation, service and maintenance, and energy optimization. Headquartered in Southern California, CoolSys has more than 3,000 employees nationwide, serving the daily needs of more than 45,000 customer locations across North America.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed