Sale of ICS Cool Energy
Completion Date: 01/18
Target: ICS Cool Energy
Acquirer: Ingersoll Rand
Deal Value: Undisclosed
Details: Spectrum Corporate Finance advised the owners of ICS Cool Energy on the successful sale of the company to Ingersoll Rand, a leading manufacturer and supplier of HVAC equipment, headquartered in the USA. ICS Cool Energy will become part of the company’s Commercial Heating, Ventilation and Air Conditioning (HVAC) business
Corporate Finance Advisers: Spectrum Corporate Finance (sell-side advisers): Clive Hatchard (managing director), Darren Miller (director) and James Mines (director)
Legal Advisers: Osborne Clarke and Moore Blatch (sell-side)
Financial Due Diligence: Ernst & Young
Commercial Due Diligence: CIL
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