Toromont/Cimco

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Hey Dan,

Is it possible that Toromont’s Cimco division could use their expertise in refrigeration and apply it the cooling systems required for these data centres that are getting built? I am thinking along the lines of how Modine in the U.S. has done this. Could this be another tailwind for Toromont?

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Asked on November 30, 2025 11:21 am
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Private answer

CIMCO's industrial chiller packages and cooling systems specifically mention data centres as an end market.

In Modine’s case, the data centre business has become the bulk of the focus. With Toromont, you're looking at a smaller portion. CIMCO supplies refrigeration to a ton of different businesses.

This is an added tailwind, zero doubt. It should fuel CIMCO's backlog. Probably just not as much as something like Modine. They really targeted data centres aggressively.

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Posted by Dan Kent
Answered on December 1, 2025 3:35 pm
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