Moore Blatch’s corporate and property teams have advised the shareholders of ICS Group Holdings (ICS Cool Energy) on the sale of the group to Ingersoll-Rand plc, a world leader in creating ‘comfortable, sustainable and efficient environments’. ICS Cool Energy will be part of Ingersoll Rand’s Commercial Heating, Ventilation and Air Conditioning (HVAC) business.
ICS Cool Energy is a privately-owned temperature control and HVAC solutions and services company that specialises in temporary rental of energy efficient chillers for commercial and industrial buildings across Europe. It also sells, permanently installs and services high performance temperature control systems for all types of industrial processes.
ICS Cool Energy is headquartered in Southampton and has an extensive footprint in the UK, France, Germany, the Netherlands and Switzerland.
Moore Blatch worked alongside Spectrum Corporate Finance and Osborne Clarke on the deal.
Roger Bailey, Moore Blatch corporate partner, said: “We have worked with ICS Cool Energy for many years and this deal is the culmination of a huge amount of time and effort spent by the shareholder directors in developing the business to its current size and profile. Many congratulations to them.”
Simon West, CEO of ICS Cool Energy, said: “We are indebted to Moore Blatch whose sound advice and energy contributed immensely to the success of the deal. The Moore Blatch team worked tirelessly within a tight timeframe and seamlessly alongside the ICS Cool Energy management team and our other advisers to help ensure an excellent result.”