CIMCO Refrigeration
CIMCO Refrigeration is a 110-year-old Canadian industrial refrigeration contractor, a division of Toromont Industries, designing and building natural-refrigerant thermal systems for North American municipalities, food processors, and commercial facilities.
- Company typePrivate
- Founded1913
- HeadquartersToronto, Canada
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What CIMCO Refrigeration does
CIMCO Refrigeration, founded in 1913 and headquartered in Toronto, is a wholly-owned operating division of Toromont Industries Ltd. (TSX:TIH) and self-describes as the largest industrial refrigeration contractor in North America, with a workforce of approximately 1,200 employees including 550+ certified technicians across Canada and the United States. The company serves a concentrated enterprise base of 7,000+ customers spanning municipal governments, food processors, industrial operators, and commercial facilities, and reports $3+ billion in installed thermal projects this decade with 1,500+ active service contracts and 70%+ market share of North America's ice rinks.
CIMCO's technical portfolio centers on natural-refrigerant thermal systems — predominantly ammonia (R717), CO2 (R744), and propane (R290) — built around four integrated platforms: Thermal Force One (TF1), a patent-pending all-in-one system delivering four simultaneous temperature outputs for arenas; ECO CHILL, a modular ice rink chiller enabling up to 100% waste heat recovery; industrial ammonia heat pumps producing up to 185°F; and the patented CIMCO Ice Battery for thermal energy storage. Supporting modules include CIMCO Thermal Boost (heat pump module), ECO DRY (dehumidification), SMART Transfer (automated refrigerant leak detection and containment), ECO SENSE (control automation), and CIMCO iQ (networked energy management). Manufacturing is in-house across three facilities (Duncan SC 42,000 sq ft, Edmonton AB 22,500 sq ft, plus regional prefabrication).
Revenue is generated through a project-based design-build model with multi-year contracts, combining equipment sales, engineering services, construction, and recurring service/maintenance under the CIMCO Complete Care program. Pricing is custom and quote-driven; go-to-market is exclusively direct enterprise field sales with no channel intermediaries. The 2024 Everllence (formerly MAN Energy Solutions) partnership extends the offering into large-scale industrial steam heat pumps, signaling a deliberate move upmarket into higher-temperature process heating while leveraging the existing direct sales infrastructure.
CIMCO Refrigeration firmographics
Firmographics- Name
- CIMCO Refrigeration
- Legal name
- CIMCO Refrigeration (operating division of Toromont Industries Ltd.)
- Website
- https://cimcorefrigeration.com
- Company type
- Private
- Founded year
- 1913
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- CIMCO Refrigeration is a 110-year-old Canadian industrial refrigeration contractor, a division of Toromont Industries, designing and building natural-refrigerant thermal systems for North American municipalities, food processors, and commercial facilities.
- Ownership category
- akta.pro rank
CIMCO Refrigeration industry classification
Industry- Product category
- Industrial Refrigeration Systems
- NAICS
- Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Pump and Compressor Manufacturing (33391)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580), Auto Controls For Regulating Residential & Comml Environments (3822)
- akta.pro primary industry
- Commercial & Industrial Refrigeration Systems (IMAHAKAA)
- akta.pro secondary industries
- Refrigeration Components & Controls (Compressors, Valves, Sensors) (IMAHAKAH), Preventive Maintenance Programs for Refrigeration Systems (HSAOAJAL)
Keywords
Where CIMCO Refrigeration is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
CIMCO Refrigeration business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Design, Engineering, and Consulting Services: Comprehensive thermal system design and engineering services including 3D modeling, construction drawings, and project planning. CIMCO's engineering team adheres to highest quality standards including ASME, ASHRAE, CSA, and IIAR codes.
- Manufacturing: In-house manufacturing of refrigeration equipment including ECO CHILL packages, heat pumps, and custom thermal systems. Manufacturing facilities in Duncan, SC (42,000 sq ft), Edmonton, AB (22,500 sq ft), and prefabrication capabilities at regional locations.
- Construction and Installation: Full-service construction and installation of thermal systems with integrated prefabrication facilities. Includes sheet metal fabrication and installation.
- Service and Maintenance: Preventive maintenance plans, 24/7 emergency response, training, and ongoing support. CIMCO Complete Care program and refrigeration system reviews. 550+ technicians across North America.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
CIMCO Refrigeration product offering
Product offeringCore offering
CIMCO Refrigeration is North America's largest industrial refrigeration contractor, designing, engineering, manufacturing, installing, and servicing industrial and commercial refrigeration and thermal management systems. Its core offerings include ice rink refrigeration systems (ECO CHILL, Thermal Force One), industrial ammonia and CO2 heat pumps for food processing and district energy, and complete design-build thermal solutions using natural refrigerants with waste heat recovery capabilities.
Product overview
CIMCO Refrigeration is an industrial refrigeration and thermal solutions provider offering a portfolio of integrated products and services. The core product lineup includes Thermal Force One (TF1), an all-in-one net-zero ready heating, cooling, and air conditioning system that combines heat pump, refrigeration, and air-conditioning in a single package; ECO CHILL, an industry-leading ice rink refrigeration system with up to 100% waste heat recovery; and Ammonia Heat Pumps delivering temperatures up to 185°F for industrial applications. Supporting modules include CIMCO Thermal Boost, ECO DRY ventilation/dehumidification, Ice Battery thermal storage, SMART Transfer refrigerant management, ECO SENSE control system, and CIMCO iQ automation. CIMCO also provides comprehensive services spanning engineering, manufacturing, construction, and service/maintenance, along with decarbonization consulting. The company serves recreational ice rinks, industrial refrigeration, district heating and cooling, HVAC, and data centers across North America.
Differentiator
Problem solved
Functional benefit
Brands
- Thermal Force One (TF1): An all-in-one net-zero ready heating, cooling, and air conditioning solution for ice rinks and buildings, combining heat pump, refrigeration, and air conditioning capabilities in a single system.
- ECO CHILL
- ECO SENSE
- Smart Transfer
- ECO DRY
- CIMCO Complete Care
- CIMCO iQ Automation
Products and services
- Thermal Force One (TF1) An all-in-one net-zero ready heating, cooling, and air conditioning system that combines heat pump, refrigeration, and air-conditioning functions in a single packaged unit using ultra-low-charge ammonia (R717) or CO2 (R744). Designed for ice rinks and buildings, it delivers simultaneous multi-temperature outputs and up to 100% waste heat recovery.
- ECO CHILL Factory-assembled ice rink refrigeration system with heat recovery that repurposes up to 100% of energy removed from ice sheets for building heating. Includes plate and frame chiller and condenser with reduced refrigerant charge and lower leak risk, designed for new construction or retrofit.
- Ammonia Heat Pumps Industrial-scale heat pumps using ammonia refrigerant (R717/NH3) with zero Ozone Depletion Potential and zero Global Warming Potential. Captures waste heat to deliver temperatures up to 185°F for food and beverage, district heating and cooling, data centers, universities, and healthcare campuses.
- SMART Transfer Automatic refrigerant leak response and management system using sensors to detect and diagnose leaks and automatically transfer refrigerant using patented technology, eliminating the need for operators to enter potentially contaminated areas.
- Industrial Refrigeration Systems Comprehensive industrial refrigeration solutions for food processing, poultry, pork, dairy, pharmaceutical, and chemical operations, including multi-temperature systems, ammonia refrigeration, cold storage, freezers, and process cooling with heat recovery.
- Recreational Ice Rinks Solutions Complete ice rink thermal management solutions for indoor and outdoor rinks including NHL facilities, municipal arenas, community centers, and skating trails, covering refrigeration, heat recovery, arena dehumidification, and net-zero systems.
- District Heating & Cooling Natural refrigerant heat pump solutions for district energy systems providing heating and cooling to multiple buildings through shared thermal infrastructure, including renewable heat integration and thermal energy storage.
- HVAC Services Commercial comfort heating, air conditioning, and air quality solutions for commercial buildings and facilities, including sheet metal fabrication, airflow design, ventilation, and temperature control.
- Data Centers Cooling Thermal management and cooling solutions for data center facilities requiring reliable, energy-efficient thermal infrastructure for IT operations.
- Engineering Services In-house thermal system design and engineering services including 3D modeling, construction drawings, and project planning, adhering to ASME, ASHRAE, CSA, and IIAR standards.
- Manufacturing Services In-house manufacturing of refrigeration equipment including ECO CHILL packages, heat pumps, custom thermal systems, sheet metal fabrication, and prefabricated assemblies at facilities in Duncan, SC and Edmonton, AB.
- Construction Services Full-service construction and installation of thermal systems with integrated prefabrication facilities, including sheet metal fabrication and on-site installation.
- Service & Maintenance Preventive maintenance plans, 24/7 emergency response, training, and ongoing support through North America's widest network of 550+ certified refrigeration technicians.
- Decarbonization Services Strategic decarbonization consulting and implementation services to help facilities reduce carbon emissions through thermal system optimization, heat pump adoption, and natural refrigerant transition.
- CIMCO Complete Care Comprehensive maintenance and support program for refrigeration systems including preventive maintenance, refrigeration system reviews, parts supply, training, and ongoing technical support.
Quantifiable outcome
- Heat pump COP of 3 or higher - for each unit of energy supplied, three units of energy are output
- +8 more outcomes
Companies that use CIMCO Refrigeration
Customer profileNamed customers8 records
Segments6 records
Ideal customer profiles3 records
CIMCO Refrigeration technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
CIMCO Refrigeration partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Everllence (formerly MAN Energy Solutions USA Inc.)coreStrategic partnership signed in late 2024 for supplying large-scale industrial steam and hot water heat pumps to the North American market. Everllence brings turbomachinery expertise and large-scale heat pump manufacturing, with certifications from American Petroleum Institute (API 617). CIMCO underwent extensive qualification and auditing process to become Everllence's preferred North American partner. Collaboration addresses growing market need for high-capacity heat pump solutions producing hot water up to 250°F and generating steam up to 572°F.
Scale indicators6 records
Recent moves9 records
Expansion highlights6 records
CIMCO Refrigeration competitors and assessment
Company assessmentDirect peers
- Hillphoenix: Hillphoenix designs and manufactures commercial refrigeration systems (display cases, walk-ins, CO2 systems) for grocery and food retail, with service across North America. Overlaps with CIMCO on commercial CO2 refrigeration systems and field service breadth in food retail.
- Star Refrigeration: Star is a leading UK-based industrial refrigeration contractor specializing in ammonia, CO2, and industrial heat pumps for food, pharma, and district energy. Comparable design-build + service model and natural-refrigerant focus make it a near-twin of CIMCO in its home market.
- GEA Refrigeration Technologies: GEA is a global industrial refrigeration EPC serving food processing, dairy, and cold storage with ammonia and CO2 systems and industrial heat pumps. Its scope, technology stack, and target customers (food processors and industrial sites) overlap directly with CIMCO's industrial refrigeration and Everllence-enabled heat pump offerings.
- Mayekawa (Mycom): Mayekawa is one of the world's largest industrial refrigeration contractors with deep expertise in ammonia (NH3) and CO2 systems for food processing, cold storage, and ice rinks. Like CIMCO, it designs, manufactures, and services natural-refrigerant refrigeration plants and competes head-to-head in North American food processing and arena deals.
Broad incumbents
- Carrier Commercial Refrigeration: Carrier's commercial refrigeration business supplies display cases, cold rooms, and CO2/NH3 systems globally with a deep North American service network. Competes for many of the same food retail, cold storage, and industrial refrigeration customers as CIMCO.
- Trane Technologies: Trane is a global HVAC and commercial refrigeration major with industrial heat-pump and low-GWP refrigerant programs. A broad incumbent targeting the same end-customers with overlapping thermal management and decarbonization offerings, but at much wider portfolio scale than CIMCO's focus.
- Johnson Controls: Johnson Controls is a global building technologies incumbent offering HVAC equipment, controls, and service for commercial and industrial facilities. Overlaps with CIMCO on industrial HVAC, building controls (CIMCO iQ/ECO SENSE), and energy management / decarbonization services.
- Danfoss: Danfoss is a global supplier of refrigeration controls, valves, sensors, and CO2/NH3 components, plus industrial heat-pump solutions like Danfoss Editron and Leanheat. Overlaps with CIMCO's components + controls offering and competes in industrial heat-pump integration.
- BITZER: BITZER is a leading global manufacturer of refrigeration and industrial heat-pump compressors, including screw, reciprocating, and CO2 units. Supplies compressor technology underpinning systems like CIMCO's TF1 and Everllence heat pumps, but does not perform design-build contracting itself.
Regional players
- Engie Refrigeration: Engie Refrigeration (formerly Green & Cool) is a European natural-refrigerant industrial refrigeration and heat-pump specialist serving food processing, district energy, and data centers. Comparable natural-refrigerant / heat-pump product positioning to CIMCO but primarily serves Europe rather than North America.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
CIMCO Refrigeration social profiles
Digital presenceCIMCO Refrigeration financial estimates
Financial estimateRevenue estimate
Valuation estimate
CIMCO Refrigeration leadership team
Management profileNumber of profiles
Profiles10 records
CIMCO Refrigeration funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CIMCO Refrigeration M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CIMCO Refrigeration
What does CIMCO Refrigeration do?
CIMCO Refrigeration is North America's largest industrial refrigeration contractor, designing, engineering, manufacturing, installing, and servicing industrial and commercial refrigeration and thermal management systems. Its core offerings include ice rink refrigeration systems (ECO CHILL, Thermal Force One), industrial ammonia and CO2 heat pumps for food processing and district energy, and complete design-build thermal solutions using natural refrigerants with waste heat recovery capabilities.
Is CIMCO Refrigeration a public or private company?
CIMCO Refrigeration is a private company. It is classified as corporate owned and is currently operating.
When was CIMCO Refrigeration founded?
CIMCO Refrigeration was founded in 1913. It employs 501 to 1,000 people.
Where is CIMCO Refrigeration based?
CIMCO Refrigeration is headquartered in Toronto, Canada, in the North America region.
How does CIMCO Refrigeration make money?
Four revenue lines are on record. Design, Engineering, and Consulting Services are the primary driver. The others are manufacturing, construction and Installation and service and Maintenance.
Who are CIMCO Refrigeration's main competitors?
Direct peers on record are Hillphoenix, Star Refrigeration, GEA Refrigeration Technologies and Mayekawa (Mycom). Broad incumbents are Carrier Commercial Refrigeration, Trane Technologies, Johnson Controls, Danfoss and BITZER. Engie Refrigeration is listed as a regional player.
Does CIMCO Refrigeration have an API?
No public API is recorded for CIMCO Refrigeration.
What industry is CIMCO Refrigeration in?
CIMCO Refrigeration's product category is Industrial Refrigeration Systems. Its primary akta.pro industry code is IMAHAKAA, Commercial & Industrial Refrigeration Systems, with a secondary code of IMAHAKAH, Refrigeration Components & Controls (Compressors, Valves, Sensors). Its NAICS code is 333415 and its SIC code is 3585.