ConnectM acquires assets of Air Temp Service

ConnectM (CNTM) Technology Solutions announced the acquisition of all the assets of Air Temp Service, a leading provider of heating and cooling solutions in New Jersey, in exchange for 1.5 million shares of ConnectM common stock. Air Temp, which significantly bolsters ConnectM’s Owned Service Network segment, will leverage ConnectM’s omnichannel platform to cross-sell distributed energy solutions to its established HVAC customer base. Additionally, ConnectM will deploy its Connected Operations applications to proactively monitor and safeguard Air Temp’s HVAC equipment offerings against avoidable failures. Performance data collected from Air Temp equipment will integrate seamlessly into ConnectM’s Energy Intelligence Network, enhancing predictive capabilities and driving increased recurring revenue.