IMAP (UK) acted as exclusive buy-side advisor to bluu unit, a Triton portfolio company, on its acquisition of Space Engineering Services Ltd, a UK provider of refrigeration, HVAC and M&E solutions.

The acquisition marks bluu unit’s entry into the UK, following its earlier expansion into Ireland and Switzerland. Space Engineering will act as a platform for further expansion in the market, and the deal also brings a self-contained service platform in Hungary, Space Engineering Services Kft.

bluu unit is a fast-growing European group specialising in HVAC-R and data centre solutions. Headquartered in Bristol, Space Engineering Services serves blue-chip customers, with around 400 employees and revenue above £100m. It is the UK’s largest CO₂ pack manufacturer, building CO₂ refrigeration packs and heat pumps in-house, which gives bluu unit its first in-house manufacturing capability.

The transaction will support the next phase of bluu unit’s international growth, combining a shared focus on natural refrigerants, decarbonisation and long-standing customer relationships.

“This is a landmark deal in the UK HVAC-R sector and will be transformational for bluu unit’s UK strategy. It has been a huge pleasure advising bluu unit and Triton from the very inception of this transaction through to completion,” said Karri Vuori, Managing Partner, IMAP UK.

The IMAP team, including Karri Vuori, Euan Kelly, Junaid Shah and Milesh Hindocha, handled all phases of the transaction.