CoolIT Employees Share in $4.75 Billion Transaction as KKR Agrees to Sell to Ecolab

2026-03-25 - 20:40

NEW YORK & CALGARY, Alberta -- KKR, a leading global investment firm, today announced that it has entered into a definitive agreement to sell CoolIT Systems (“CoolIT” or “the Company”), a global leader in liquid data center cooling, to Ecolab in a transaction valued at $4.75 billion. The sale will represent one of KKR’s largest recent realizations, generating approximately 15x the original equity invested, inclusive of distributions. At the close of the transaction, all CoolIT employees will receive a substantial cash payout on their ownership in the Company. Mubadala Investment Company (“Mubadala”) also served as a co-investor in CoolIT. Read More