05:10 PM EDT, 03/25/2026 (MT Newswires) -- KKR & Co ( KKR ) said Wednesday it will sell its liquid data center cooling business, CoolIT Systems, to Ecolab ( ECL ) in a deal valued at $4.75 billion.

The transaction values the business, which KKR acquired in 2023, at about 15 times the original equity invested, the company said.

CoolIT will retain its leadership team, headed by CEO Jason Waxman, and will continue to operate under the CoolIT name.

The deal is expected to close in the third quarter.