# XNRGY closes growth equity financing to expand HVAC production capacity

XNRGY closed a growth capital raise co-led by MKB and Idealist Capital to expand its Montreal facility by 100,000 sq ft and build a new 250,000 sq ft facility in Mesa, Arizona.

- Type: Expansion
- Announced: 2023-03-20
- Where: Montreal, Canada, Canada
- Status: announced
- Capacity: 100,000 sq ft expansion in Montreal; 250,000 sq ft new facility in Mesa
- Products: energy efficient commercial HVAC systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [XNRGY Climate Systems](https://endata.com/companies/8703.md)
- [MacKinnon, Bennett & Co.](https://endata.com/companies/69210.md) (investor)
- [Idealist Capital](https://endata.com/companies/69211.md) (investor)

## Sources

- [xnrgy.com](https://xnrgy.com/press-release/innovative-climate-tech-company-xnrgy-closes-growth-equity-financing-to-expand-capacity/), 2023-03-20: "This funding will enable XNRGY to expand its current facility in Montreal, Canada by 100,000 square feet of production capacity and replicate a new facility in Mesa, Arizona with 250,000 square feet production capacity."
- [mkbandco.com](https://www.mkbandco.com/news/innovative-climate-tech-company-xnrgy-closes-growth-equity-financing-to-expand-capacity/), 2023-05-08: "This funding will enable XNRGY to expand its current facility in Montreal, Canada by 100,000 square feet of production capacity and replicate a new facility in Mesa, Arizona with 250,000 square feet production capacity."

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