Daikin Applied Takes Majority Position in CM3 Building Solutions to Deliver Advanced Solutions for the Full Building Envelope

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Jul 08, 2022, 10:30 ET

The Deal Adds Enterprise-Level Capabilities to Daikin's Portfolio of Industry-Leading HVAC Technology, Services and Controls

MINNEAPOLIS, July 8, 2022 /PRNewswire/ -- Daikin Applied Americas Inc. (Daikin Applied) today announced it has taken a majority interest in CM3 Building Solutions, Inc. (CM3), a Philadelphia-based service and solutions provider offering building automation and technology, energy services, security and fire protection, and HVAC support throughout Pennsylvania, Delaware and New Jersey.

This new relationship expands Daikin Applied's ability to serve customers across the entire lifecycle of their building systems and operation. Daikin Applied, a division of Daikin Industries, Ltd., the world's number one air-conditioning company, has a legacy of designing and delivering innovative HVAC solutions that not only provide superior comfort, but address larger societal concerns like improving indoor air quality and cutting carbon emissions. Its offerings include equipment, services and controls for commercial and industrial facilities.

"With CM3's solutions expertise, Daikin Applied will network its HVAC technologies with other building systems, such as security, life safety, retro-commissioning and energy services," said Nick Brazis, vice president of corporate development at Daikin Applied. "The connectivity effectively modernizes facilities and building portfolios to maximize performance. Customers will have an enterprise-wide view and command of their entire operation, as well as comprehensive data and analytics to reduce carbon emissions without reducing occupant comfort."

"Today, when buildings use 75% of the country's power and 40% of its energy, we need to help customers manage their entire environment to achieve the next level of efficiency and sustainability," said Jeff Drees, executive vice president, Daikin Applied. "We can maximize HVAC performance when we can fully assess and support the building envelope. Our relationship with CM3 opens new opportunities to improve our customers' effectiveness."

CM3 will continue to operate under its current name and leadership including Bruce Michelson, president, John Hollister, executive vice president, and Tom Monahan, executive vice president. Cowen and Company LLC served as exclusive financial advisor to CM3.

Michelson reiterated the value to customers: "CM3 strives to provide best-in-class service and technologies to our customers, including exceptional quality and service with every customer interaction. We share Daikin Applied's commitment to creating unrivalled customer experiences, and are excited that together CM3 and Daikin Applied will deliver fully-integrated, comprehensive building solutions that help our customers take the next step in energy efficiency and building modernization."

CM3 is based in Fort Washington, Pa., just outside Philadelphia, and has a team of 150 building solutions experts committed to providing every customer with the optimum solution to maximize the comfort, safety and efficiency of their facility. Operating as a corporation for nearly 20 years, CM3 has more than 50 years of experience in its region. CM3 was an early innovator in building automation and systems integration, and has a deep bench of experts to deploy technology and solutions that improve comfort, safety and efficiency. CM3 is a certified Schneider Electric Master EcoXpert.

To learn more about the full range of Daikin Applied solutions and to find a local sales representative, visit www.daikinapplied.com. Also, follow Daikin Applied on LinkedIn for the latest on commercial HVAC equipment, services and trends.

About Daikin Applied Americas

Daikin Applied, a member of Daikin Industries, Ltd., designs and manufactures advanced commercial and industrial HVAC systems for customers around the world. The company's technology and services play a vital role in creating comfortable, efficient and sustainable spaces to work and live — and in delivering quality air to workers, tenants and building owners. Daikin Applied solutions are sold through a global network of dedicated sales, service and parts offices. For more information or to locate a Daikin Applied representative, visit www.daikinapplied.com or call 800-432-1342.

About Daikin Industries Ltd.

Daikin Industries, Ltd., a Forbes 1000 global company with 2021 revenues of $23 billion and more than 88,000 employees worldwide, is the world's number one air conditioning company. Daikin is engaged primarily in the development, manufacture, sales and aftermarket support of heating, ventilation, air conditioning and refrigeration (HVACR) equipment, refrigerants and other chemicals, as well as oil hydraulic products. Daikin was named one of the world's most innovative companies by Forbes magazine. For more information, visit www.daikin.com.

SOURCE Daikin Applied