“From our first meeting through to completion, David, James and the wider CN team provided exceptional support. They took the time to understand both our business and our objectives, and throughout the process we felt they were genuinely working in our best interests. Their financial expertise, commercial insight and calm guidance helped us navigate every stage of the process with confidence. Their advice was always clear, balanced and commercially focused.”
Rick Dearden - Managing Director
Client Overview
Founded in 1972, Manchester-based Kool It Services Ltd is a family business that provides cooling and heating services to commercial clients across the North West.
The company serves customers across sectors including offices, retail, healthcare and food and beverage. It has built a strong position in the region through long-term customer relationships, technical expertise and a reputation for quality and service.
Objectives
Our client’s objective was to ensure a smooth succession and exit process for a business built up over many years, one with many repeat customers.
It was important to our client to find a buyer that really understood the HVAC sector in the UK, ensuring continuity for customers, staff and suppliers.
Our Role
CN was appointed initially at heads of terms stage and subsequently acted as adviser to the shareholders of Kool It throughout the sale process.
Our work included:
- Corporate finance advisory services
- Advice on valuation and deal structure
- Support during the due diligence process
- Management of the deal process through to completion
The Outcome
Kool It was successfully sold to Nordic Climate Group, an acquisitive Scandinavia-based business expanding quickly in the UK market.
The deal has enabled Kool It to continue operating under its existing local brand and leadership, while further strengthening Nordic Climate Group’s presence in Northern England and expanding its position within energy-efficient cooling and heating solutions for commercial buildings.
