Breaking M&A AnalysisM&ABaltimore Aircoil Could Fetch More Than $6 Billion. Data-Center Cooling Is Repricing HVAC Equipment.Amsted Industries is reportedly exploring a sale of Baltimore Aircoil that could value the cooling-equipment company at more than $6 billion. The process is early and may not result in a deal, but the reported valuation is another signal that cooling towers, liquid cooling and heat-rejection equipment are being repriced as AI infrastructure.TradeVulcan Dispatch Editorial Desk13 min