KKR has purchased CoolIT Systems, a provider of liquid cooling services for computing environments.
Founded in 2001, CoolIT designs, engineers and manufactures cooling services for the data center and desktop markets. The investment aims to support the company’s ability to scale and serve its customers across the data center market, including the enterprise, computing and cloud service provider segments as well as in desktop computing. As part of the deal, CoolIT will expand its equity ownership program to make all employees owners of the company.
“Having access to KKR’s expertise, capital and resources will put us in an even better position to keep scaling, innovating and delivering for our customers,” states Steve Walton, chief executive officer of CoolIT.