# M&M Refrigeration acquires Carnot Refrigeration

M&M Refrigeration, a US supplier of industrial ammonia/CO2 cascade systems, acquired Carnot Refrigeration, a Canadian supplier of transcritical CO2 systems. Terms were not disclosed.

- Type: Acquisition
- Announced: 2019-07-22
- Where: Trois-Rivières, Québec, United States
- Status: completed
- Products: industrial ammonia/CO2 cascade systems, transcritical CO2 refrigeration systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Source Capital](https://endata.com/companies/25061.md) (investor)
- [M&M Refrigeration](https://endata.com/companies/31681.md) (acquirer)
- [Carnot Refrigeration](https://endata.com/companies/40796.md) (target)

## Sources

- [archive.r744.com](https://archive.r744.com/articles/9085/m_and_m_acquires_carnot_in_merger_of_leading_natural_refrigeration_suppliers), 2019-07-22: "M&M Refrigeration, a major supplier of industrial ammonia/CO2 cascade systems, today announced its acquisition of Carnot Refrigeration, a leading supplier of transcritical CO2 systems to multiple business sectors."
- [archive.ammonia21.com](https://archive.ammonia21.com/articles/9085/%20http:/www.ammonia21.com/articles/8240/mand_m_unveils_line_of_low_charge_packaged_units), 2019-07-22: "M&M Refrigeration, a major supplier of industrial ammonia/CO2 cascade systems, today announced its acquisition of Carnot Refrigeration, a leading supplier of transcritical CO2 systems to multiple business sectors."
- [privateequityinternational.com](https://www.privateequityinternational.com/source-capital-backed-mm-acquires-carnot-refrigeration/), 2019-07-22: "This partnership firmly establishes our position as the leader in CO2-based refrigeration by combining M&M's industry-leading cascade solutions with Carnot's innovative transcritical solutions."
- [coolingpost.com](https://www.coolingpost.com/world-news/mm-acquires-co2-pioneer-carnot-refrigeration/), 2019-07-22: "This partnership firmly establishes our position as the leader in CO2-based refrigeration by combining M&M's industry-leading cascade solutions with Carnot's innovative transcritical solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.