AirX Climate Solutions Inc. (ACS) acquires AboveAir Technologies to expand into the data center market
Jul 09, 2024•about 1 year ago
Acquiring Company
AirX Climate Solutions
Acquired Company
AboveAir Technologies
Oklahoma CityFrederickManufacturingManufacturingDescription
AirX Climate Solutions Inc. (ACS) has acquired AboveAir Technologies, a specialty HVAC company focused on the data center market. The acquisition significantly expands ACS’s product offerings into the data center market and bolsters its leadership position as a national full-service HVAC provider. AboveAir will become a new division within ACS, adding another brand to the ACS platform for commercial and industrial HVAC solutions.
M&A Insights
Based on deal dataIntegration 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