DDC Solutions Sold to Daikin
Deal News | Aug 19, 2025 | Thompson Street Capital Partne
Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, along with Cequel III, has announced the sale of DDC Solutions to Daikin Applied, a subsidiary of Daikin Industries, the world's largest HVAC manufacturer. Deeper details of the transaction were not disclosed. The acquisition enables Daikin to enhance its position in the AI infrastructure market, leveraging DDC's leading data center technology and high-density GPU cooling solutions. Jim Cooper, TSCP's Founder and Chairman, commended DDC's impressive growth, crediting it to an exceptional leadership team. The partnership will see DDC continue as an independent subsidiary, utilizing Daikin's extensive global reach and resources to further advance its mission-critical GPU cooling solutions. Lincoln International acted as the financial advisor, while Seyfarth Shaw provided legal counsel for the transaction.
Sectors
- Private Equity
- Technology
- Manufacturing
- Data Center Infrastructure
Geography
- United States – Thompson Street Capital Partners is based in St. Louis, Missouri, and DDC Solutions is headquartered in San Diego, California.
- Japan – Daikin Industries, the parent company of the acquirer Daikin Applied, is headquartered in Japan.
Industry
- Private Equity – This is relevant as Thompson Street Capital Partners is a private equity firm involved in the transaction.
- Technology – DDC Solutions operates in the technology sector, specifically providing data center technology solutions.
- Manufacturing – Daikin Industries, the acquirer, is a global manufacturer, particularly in the HVAC industry.
- Data Center Infrastructure – The acquisition involves DDC Solutions, which specialises in data center infrastructure and GPU cooling solutions.
Financials
- Not Disclosed – The terms of the transaction between Thompson Street Capital Partners and Daikin Applied were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thompson Street Capital Partners | Vendor | Company | A private equity firm based in St. Louis, Missouri. |
| Cequel III | Vendor | Company | Partnered with TSCP in the sale of DDC Solutions. |
| DDC Solutions | Target | Company | Provides data center technology and high-density GPU cooling solutions. |
| Daikin Applied | Acquirer | Company | A subsidiary of Daikin Industries specializing in HVAC solutions. |
| Daikin Industries | Parent Company | Company | The world's largest manufacturer of HVAC equipment. |
| Lincoln International | Financial Advisor | Company | Served as the exclusive financial advisor to TSCP and Cequel III. |
| Seyfarth Shaw | Legal Advisor | Company | Provided legal counsel in connection with the transaction. |
| Jim Cooper | Commentator | Person | Founder and Chairman of Thompson Street Capital Partners. |
| Tom St. Geme | Commentator | Person | Director at Thompson Street Capital Partners. |