Mergers & Acquisitions ·
ConnectM Technology Solutions, Inc. acquired Blue Ribbon Ice Inc., a software platform for commercial HVAC and…
CNTMConnectM Technology Solutions, Inc.
ConnectM Technology Solutions, Inc. acquired Blue Ribbon Ice Inc., a software platform for commercial HVAC and refrigeration field services, on July 1, 2026. The transaction involved purchasing 6,000 shares representing 60% of Blue Ribbon Ice's outstanding stock. Consideration consisted of $250,000 in cash and the issuance of 58,824 shares of ConnectM common stock to the seller. Blue Ribbon Ice operates an asset-light marketplace connecting commercial clients with independent contractors across 42 states. This acquisition integrates a new data stream into ConnectM's AI-Powered Logistics platform, expanding its capabilities beyond last-mile delivery. ConnectM Technology Solutions, Inc. operates in the technology sector, providing AI-driven logistics and infrastructure platforms.