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Ares Management Corporation

Verified

Pe Firm

Los Angeles, CA, US

Acquired CoolSys from Audax in 2019; backed 14+ commercial refrigeration/HVAC add-ons under ownership.

Headquarters

US hq by state Alaska: no recorded hq Alabama: no recorded hq Arkansas: no recorded hq Arizona: no recorded hq California: 1 hq Colorado: no recorded hq Connecticut: no recorded hq District of Columbia: no recorded hq Delaware: no recorded hq Florida: no recorded hq Georgia: no recorded hq Hawaii: no recorded hq Iowa: no recorded hq Idaho: no recorded hq Illinois: no recorded hq Indiana: no recorded hq Kansas: no recorded hq Kentucky: no recorded hq Louisiana: no recorded hq Massachusetts: no recorded hq Maryland: no recorded hq Maine: no recorded hq Michigan: no recorded hq Minnesota: no recorded hq Missouri: no recorded hq Mississippi: no recorded hq Montana: no recorded hq North Carolina: no recorded hq North Dakota: no recorded hq Nebraska: no recorded hq New Hampshire: no recorded hq New Jersey: no recorded hq New Mexico: no recorded hq Nevada: no recorded hq New York: no recorded hq Ohio: no recorded hq Oklahoma: no recorded hq Oregon: no recorded hq Pennsylvania: no recorded hq Rhode Island: no recorded hq South Carolina: no recorded hq South Dakota: no recorded hq Tennessee: no recorded hq Texas: no recorded hq Utah: no recorded hq Virginia: no recorded hq Vermont: no recorded hq Washington: no recorded hq Wisconsin: no recorded hq West Virginia: no recorded hq Wyoming: no recorded hq
Headquarters: Los Angeles, CA, US.

Ownership map

Ownership links are documented, evidence-gated edges, shown as reported by their sources. Naming a company is not an accusation against it. See our methodology and legal notes.

Ownership map for Ares Management CorporationDivestedPart Ofbacked bybacked bybacked byparent ofparent ofrolled up intorolled up intorolled up into1GNITE (Asset Recovery Solutions): Operating Company1A1GNITE (Asset Recover…ABC Refrigeration & HVAC: Operating CompanyABC Refrigeration & H…Advanced Refrigeration Systems: Operating CompanyARAdvanced Refrigeratio…Agape Mechanical: Operating CompanyAMAgape MechanicalAres Management Corporation: Pe FirmAMAres Management Corpo…Arjae HVAC and Mechanical Services: Operating CompanyAHArjae HVAC and Mechan…Arsenal Capital Partners: Pe FirmArsenal Capital Partn…Audax Group: Pe FirmAGAudax GroupAudax Private Equity: Pe FirmAudax Private EquityAxiom Energy Solutions: Operating CompanyAEAxiom Energy SolutionsBRR Refrigeration: Operating CompanyBRR RefrigerationBuilding Air Services: Operating CompanyBABuilding Air ServicesC.E. Holt Refrigeration: Operating CompanyCEC.E. Holt Refrigerati…Carolina Refrigeration Services Inc: Operating CompanyCRCarolina Refrigeratio…Certified Refrigeration and Mechanical, Inc.: Operating CompanyCRCertified Refrigerati…Convergint Technologies: PlatformCTConvergint Technologi…CoolSys: PlatformCoolSysCoolSys (formerly Source Refrigeration & HVAC): PlatformCFCoolSys (formerly Sou…Duquette Refrigeration: Operating CompanyDRDuquette RefrigerationEastern Refrigeration: Operating CompanyEastern RefrigerationEnergy Squared LLC: Operating CompanyESEnergy Squared LLCFournier Air Conditioning and Refrigeration: Operating CompanyFAFournier Air Conditio…Harvest Partners LP: Pe FirmHPHarvest Partners LPLeonard Green & Partners: Pe FirmLGLeonard Green & Partn…Lima Company: Operating CompanyLCLima CompanyMechanical Engineering & Construction Corporation: Operating CompanyMEMechanical Engineerin…Refrigeration Solutions Inc.: Operating CompanyRSRefrigeration Solutio…Richmond Refrigeration Service: Operating CompanyRRRichmond Refrigeratio…Ron's Refrigeration & HVAC LLC: Operating CompanyRSRon's Refrigeration &…Service Refrigeration LLC: Operating CompanySRService Refrigeration…T&O Refrigeration: Operating CompanyTOT&O RefrigerationTACanada: Operating CompanyTATACanadaTP Electrical: Operating CompanyTETP ElectricalTRS-SESCO: Operating CompanyTRS-SESCOTech Mechanical: Operating CompanyTech MechanicalThermal Resource Sales and Supermarket Environment Services Company: Operating CompanyTRThermal Resource Sale…Thermal Resource Sales and Supermarket Environment Services Company (TRS-SESCO): Operating CompanyTRThermal Resource Sale…Triangle Refrigeration: Operating CompanyTriangle RefrigerationUniversal Refrigeration Inc.: Operating CompanyUniversal Refrigerati…
Operating CompanyPe FirmPlatform

Ownership

Ownership links are documented, evidence-gated edges, shown as reported by their sources. A verified mark denotes an independently corroborated edge; links shown as reported are drawn as their sources record them and are not independently corroborated. Naming a company is not an accusation against it. See our methodology and legal notes.

Market signals

Acquisition history

Acquisition timeline20192020202120222019 · Majority stake → CoolSys (verified)2020 · Majority stake → CoolSys (formerly Source Refrigeration & HVAC)2020 · Add-on acquisition → Eastern Refrigeration (verified)2020 · Add-on acquisition → Richmond Refrigeration Service (verified)2021 · Add-on acquisition → Triangle Refrigeration (verified)2021 · Add-on acquisition → C.E. Holt Refrigeration (verified)2022 · Add-on acquisition → 1GNITE (Asset Recovery Solutions) (verified)
7 recorded deals, 2019–2022verifiedunverified

Acquisition footprint

US acquired companies by state Alaska: no recorded acquired companies Alabama: no recorded acquired companies Arkansas: no recorded acquired companies Arizona: no recorded acquired companies California: 1 acquired companies Colorado: no recorded acquired companies Connecticut: no recorded acquired companies District of Columbia: no recorded acquired companies Delaware: no recorded acquired companies Florida: 1 acquired companies Georgia: no recorded acquired companies Hawaii: no recorded acquired companies Iowa: no recorded acquired companies Idaho: no recorded acquired companies Illinois: no recorded acquired companies Indiana: no recorded acquired companies Kansas: no recorded acquired companies Kentucky: no recorded acquired companies Louisiana: no recorded acquired companies Massachusetts: no recorded acquired companies Maryland: no recorded acquired companies Maine: no recorded acquired companies Michigan: no recorded acquired companies Minnesota: no recorded acquired companies Missouri: no recorded acquired companies Mississippi: no recorded acquired companies Montana: no recorded acquired companies North Carolina: 1 acquired companies North Dakota: no recorded acquired companies Nebraska: no recorded acquired companies New Hampshire: no recorded acquired companies New Jersey: no recorded acquired companies New Mexico: no recorded acquired companies Nevada: no recorded acquired companies New York: no recorded acquired companies Ohio: no recorded acquired companies Oklahoma: no recorded acquired companies Oregon: no recorded acquired companies Pennsylvania: no recorded acquired companies Rhode Island: no recorded acquired companies South Carolina: no recorded acquired companies South Dakota: no recorded acquired companies Tennessee: no recorded acquired companies Texas: no recorded acquired companies Utah: no recorded acquired companies Virginia: no recorded acquired companies Vermont: no recorded acquired companies Washington: no recorded acquired companies Wisconsin: no recorded acquired companies West Virginia: no recorded acquired companies Wyoming: no recorded acquired companies
  1. 1. California 1
  2. 2. Florida 1
  3. 3. North Carolina 1
1–4 5–14 15–39 40–79 80+ no recorded acquired companies
Where the brands Ares Management Corporation acquired are headquartered, by US state. A count of targets, not a market-share claim.

Deals

Add-on acquisition Jan 2022
Verified

CoolSys acquires 1GNITE (Asset Recovery Solutions)

CoolSys (formerly Source Refrigeration & HVAC) → 1GNITE (Asset Recovery Solutions)
Add-on acquisition Nov 2021
Verified

CoolSys acquires Triangle Refrigeration

CoolSys (formerly Source Refrigeration & HVAC) → Triangle Refrigeration
Add-on acquisition Jan 2021
Verified

CoolSys acquires C.E. Holt Refrigeration

CoolSys (formerly Source Refrigeration & HVAC) → C.E. Holt Refrigeration
Majority stake Mar 2019
Verified

Ares Management acquires CoolSys from Audax

Ares Management Corporation → CoolSys
Majority stake Feb 2020

Ares Management Acquires CoolSys from Audax

Ares Management Corporation → CoolSys (formerly Source Refrigeration & HVAC)
Add-on acquisition Jun 2020
Verified

CoolSys acquires Eastern Refrigeration, backed by PE investor Ares Management

CoolSys → Eastern Refrigeration
Add-on acquisition Jun 2020
Verified

CoolSys acquires Richmond Refrigeration Service (Ares-backed add-on)

CoolSys → Richmond Refrigeration Service