Impact Climate Technologies (ICT): Driving growth and innovation in commercial HVAC
Growth stories
Impact Climate Technologies (ICT): Driving growth and innovation in commercial HVAC
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04 September 2025
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North America Fund
Reading time: 2 minutes
Mike Shea
CEO of Impact Climate Technologies
Ardian & Impact Climate Technologies | Driving growth and innovation in commercial HVAC
In this video, Mike Shea, CEO of ICT, and John Moon, President of ICT, reflect on the journey so far, from assembling a world-class executive team, to deploying AI to streamline operations, and expanding into high-growth markets like data centers.
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28+ years
CEO Mike Shea’s tenure in the commercial HVAC industry and at ICT
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2015
ICT (Tom Barrow) was purchased from the Barrow Family
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2023
ICT partnered with Ardian to accelerate growth
A trusted leader in commercial HVAC solutions
A trusted leader in commercial HVAC solutions
ICT, the parent company of Tom Barrow and its sister companies, stands as a respected name in the commercial HVAC industry. With his 28 years of experience, CEO Mike Shea has built ICT into a critical partner for mechanical contractors, design engineers, and building owners together with his team. The company provides design-assist engineering and project management services while representing leading suppliers such as Price Industries, Nortek Air Solutions, and Ruskin.
In June 2023, ICT partnered with Ardian to accelerate its growth. Ardian quickly recognized the strong secular tailwinds in the HVAC sector, including the heightened focus on indoor air quality post-COVID and the push for energy efficiency in building systems. These trends are fueling the demand for new and retrofitted HVAC solutions, particularly in high-growth sectors such as data centers and advanced manufacturing.
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9 partner companies
The ICT platform now comprises nine partner companies following strategic acquisitions
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2x revenue growth
Revenue has more than doubled since the initial acquisition with Ardian
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$1 billion business
The executive team has been built to run a business of this scale
Growth through strategic acquisitions and market focus
Growth through strategic acquisitions and market focus
Together, ICT and Ardian have built a broader platform by expanding the executive team and streamlining processes to support a $1 billion business. With Ardian’s support, ICT is also leveraging artificial intelligence to enhance efficiency in the design and quoting processes.
The ICT platform now comprises nine partner companies, and its revenue have more than doubled since Ardian’s initial investment. Strategic acquisitions have expanded ICT’s product offerings and geographic reach, while targeted efforts in high-growth markets like data centers are already yielding results. A market research initiative, introduced by Ardian, has helped ICT map opportunities and develop a dedicated sales team for these sectors.
Our relationship with Ardian is truly a partnership and it has been fruitful thus far. Along with the rest of the team, we are excited to continue our journey and the growth trajectory we have achieved over the past two years.
Discover ICT's journey and its exciting future ahead in the video ↑