Wolfe Research notes that Ecolab (ECL) announced a definitive agreement to acquire CoolIT Systems, a leader in liquid cooling technologies for AI data centers, from KKR (KKR). Ecolab will pay about $4.75B in cash at closing, which represents 29-times next twelve months EBITDA and 24-times estimate 2027 EBITDA. The firm views this deal as “a knee-jerk Slight Negative” given the hefty price tag, but ultimately understands the rationale. Wolfe has a Peer Perform rating on Ecolab.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ECL:
- Morning News Wrap-Up 3/20/26: Today’s Biggest Market Stories!
- Midday Fly By: FedEx reports ‘beat and raise,’ Ecolab to acquire CoolIT
- Ecolab’s $4.75B Deal Targets AI Data Center Boom, But ECL Stock Goes Silent
- Morning Movers Ecolab lower after $4.75B deal to acquire CoolIT Systems
- Ecolab narrows Q1 adjusted EPS view to $1.69-$1.71 from $1.67-$1.73