Шведская климатическая группа Nordic Climate Group приобрела манчестерскую компанию Kool It Services

Swedish climate solutions group expands UK operation with deal for Manchester firm A Manchester-based commercial cooling and heating specialist has been acquired by an acquisitive Scandinavian business which is expanding quickly in the UK. Kool It Services, which is based in Droylsden and provides cooling and heating installation, service and maintenance for commercial buildings and businesses, has been acquired by Sweden’s Nordic Climate Group, for an undisclosed sum. Founded in 1972 as a family business, Kool It is today led by Rick and Clare Dearden, with the company now in its second generation. The company has 19 staff and serves customers across sectors including offices, retail, healthcare and food and beverage. Over the years the company has built a strong position in the region through long term customer relationships, technical expertise and a reputation for quality and service. Kool It will continue to operate under its existing local brand and leadership as part of Nordic Climate Group. The acquisition further strengthens Nordic Climate Group’s presence in Northern England and expands the group’s position within energy-efficient cooling and heating solutions for commercial buildings. Service and maintenance are also a growing part of Kool It’s business, supporting long term customer relationships and recurring revenue. CN Strategic Advisors, which has offices in Manchester and Cheadle and is led by Dave Baggott and James Cox, provided corporate finance advice to Kool It on the transaction, including advice on value and deal structure, support during due diligence and managing the deal through to completion. Rick and Clare Dearden, managing directors of Kool It Services, said: “Kool It has developed over many years through close customer relationships, committed employees and a strong local reputation. “Joining Nordic Climate Group allows us to continue building on that foundation while becoming part of a group that shares our long term mindset and entrepreneurial approach.” Ronnie Coutts, CEO of Nordic Climate Group UK, said: “Kool It is a highly respected business with deep technical expertise and a strong local presence in an important region for us. “The company shares many of the qualities we value in Nordic Climate Group, including strong local entrepreneurship, long term thinking and opportunities to share knowledge and experience across the group.” Dave Baggott, partner at CN Strategic Advisors, said: “We’re thrilled we’ve been able to support Rick and Clare through this important process, enabling them to secure a bright long term future for Kool It, its customers and employees as part of Nordic Climate Group.”