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CoolSys

Verified

Platform

CoolSys logo
US Website
ElectricalHvacPlumbingRefrigeration

Nationwide commercial refrigeration and HVAC service platform backed by Ares Management, executing a multi-region M&A roll-up strategy.

Headquarters: US (outside the US map).

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 CoolSysDivestedDivestedFormerly Known AsFormerly Known AsPart OfPart Ofbacked bybacked bybacked bybacked bybacked bybacked byparent ofparent ofparent ofparent ofparent ofrolled up intorolled up intorolled up intorolled up intorolled up intorolled up intorolled up intorolled up intorolled up intoA1 Garage: Operating CompanyA1 GarageABC Refrigeration: Operating CompanyABC RefrigerationABC Refrigeration & HVAC: Operating CompanyABC Refrigeration & H…Advanced Refrigeration Systems: Operating CompanyARAdvanced Refrigeratio…Agape Mechanical: Operating CompanyAgape MechanicalAir Filtration Co., Inc.: Operating CompanyAir Filtration Co., I…Alliance Environmental Group Inc.: PlatformAlliance Environmenta…Alure: Operating CompanyALAlureAres Management Corporation: Pe FirmAMAres Management Corpo…Arjae HVAC and Mechanical Services: Operating CompanyArjae HVAC and Mechan…Arsenal Capital Partners: Pe FirmArsenal Capital Partn…Audax Group: Pe FirmAGAudax GroupAudax Private Equity: Pe FirmAudax Private EquityAxiom Energy Solutions: Operating CompanyAxiom Energy SolutionsBRR Refrigeration: Operating CompanyBRR RefrigerationBuilding Air Services: Operating CompanyBuilding Air ServicesC.E. Holt Refrigeration: Operating CompanyC.E. Holt Refrigerati…CMS: PlatformCMCMSCRM HVAC & Refrigeration: Operating CompanyCHCRM HVAC & Refrigerat…Carolina Refrigeration Services Inc: Operating CompanyCRCarolina Refrigeratio…Certified Refrigeration and Mechanical, Inc.: Operating CompanyCertified Refrigerati…Convergint Technologies: PlatformConvergint Technologi…CoolSys: PlatformCoolSysCoolSys (formerly Source Refrigeration & HVAC): PlatformCFCoolSys (formerly Sou…Distribution International Inc.: PlatformDIDistribution Internat…Dreamstyle: Operating CompanyDRDreamstyleDuquette Refrigeration: Operating CompanyDRDuquette RefrigerationEastern Refrigeration: Operating CompanyEastern RefrigerationEcolab: Operating CompanyECEcolabEnergy Squared LLC: Operating CompanyESEnergy Squared LLCFournier Air Conditioning and Refrigeration: Operating CompanyFAFournier Air Conditio…Kinetic Systems Inc.: Operating CompanyKinetic Systems Inc.Lima Company: Operating CompanyLCLima CompanyMechanical Engineering & Construction Corporation: Operating CompanyMEMechanical Engineerin…Minnesota Rusco: Operating CompanyMRMinnesota RuscoNSI Industries: PlatformNSI IndustriesPremiStar: PlatformPremiStarReborn: Operating CompanyRERebornReedy Industries: PlatformRIReedy IndustriesRefrigeration Solutions Inc.: Operating CompanyRSRefrigeration Solutio…Remodel USA: Operating CompanyRURemodel USARenovo: PlatformRERenovoRensa Filtration: PlatformRensa FiltrationRichmond Refrigeration Service: Operating CompanyRichmond Refrigeratio…Ron's Refrigeration & HVAC LLC: Operating CompanyRSRon's Refrigeration &…Service Refrigeration LLC: Operating CompanySRService Refrigeration…Smart Care: PlatformSmart CareSmart Care Equipment Solutions: PlatformSmart Care Equipment …Source Refrigeration & HVAC: PlatformSource Refrigeration …T&O Refrigeration: Operating CompanyTOT&O RefrigerationTP 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…Thermogenics Inc.: PlatformThermogenics Inc.Triangle Refrigeration: Operating CompanyTRTriangle RefrigerationUniversal Refrigeration Inc.: Operating CompanyUniversal Refrigerati…Woodbridge: Operating CompanyWOWoodbridge
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 timeline20172018201920202021202220232024202520262017 · Add-on acquisition → Certified Refrigeration and Mechanical, Inc. (verified)2018 · Add-on acquisition → Axiom Energy Solutions (verified)2018 · Add-on acquisition → Energy Squared LLC (verified)2018 · Add-on acquisition → Ron's Refrigeration & HVAC LLC2019 · Add-on acquisition → ABC Refrigeration & HVAC (verified)2019 · Add-on acquisition → Agape Mechanical (verified)2019 · Add-on acquisition → Arjae HVAC and Mechanical Services (verified)2019 · Add-on acquisition → BRR Refrigeration (verified)2019 · Add-on acquisition → Building Air Services (verified)2019 · Add-on acquisition → Tech Mechanical (verified)2020 · Add-on acquisition → Carolina Refrigeration Services Inc (verified)2020 · Add-on acquisition → Eastern Refrigeration (verified)2020 · Add-on acquisition → Richmond Refrigeration Service (verified)2021 · Add-on acquisition → C.E. Holt Refrigeration (verified)2021 · Add-on acquisition → Duquette Refrigeration (verified)2021 · Add-on acquisition → T&O Refrigeration (verified)2021 · Add-on acquisition → Thermal Resource Sales and Supermarket Environment Services Company (verified)2021 · Add-on acquisition → Triangle Refrigeration (verified)2021 · Add-on acquisition → TRS-SESCO2023 · Add-on acquisition → Lima Company (verified)2024 · Add-on acquisition → ABC Refrigeration & HVAC2024 · Add-on acquisition → Arjae HVAC and Mechanical Services2024 · Add-on acquisition → C.E. Holt Refrigeration (verified)2024 · Add-on acquisition → Mechanical Engineering & Construction Corporation2024 · Add-on acquisition → Triangle Refrigeration2024 · Add-on acquisition → Universal Refrigeration Inc. (verified)2026 · Majority stake → ABC Refrigeration2026 · Majority stake → CRM HVAC & Refrigeration2026 · Add-on acquisition → Duquette Refrigeration2026 · Majority stake → Eastern Refrigeration
30 recorded deals, 2017–2026verifiedunverified

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: no recorded 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: 2 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: 1 acquired companies Missouri: no recorded acquired companies Mississippi: no recorded acquired companies Montana: no recorded acquired companies North Carolina: 3 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: 2 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: 1 acquired companies Vermont: no recorded acquired companies Washington: 1 acquired companies Wisconsin: 4 acquired companies West Virginia: no recorded acquired companies Wyoming: no recorded acquired companies
  1. 1. Wisconsin 4
  2. 2. North Carolina 3
  3. 3. Florida 2
  4. 4. New York 2
  5. 5. Minnesota 1
  6. 6. Virginia 1
  7. 7. Washington 1
1–4 5–14 15–39 40–79 80+ no recorded acquired companies
Where the brands CoolSys acquired are headquartered, by US state. A count of targets, not a market-share claim.

Deals

Majority stake Mar 2019
Verified

Ares Management acquires CoolSys from Audax

Ares Management Corporation → CoolSys
Majority stake May 2026

ABC Refrigeration fully rebranded to CoolSys

CoolSys → ABC Refrigeration
Add-on acquisition Mar 2019
Verified

CoolSys acquires ABC Refrigeration & HVAC, entering the Northeast

CoolSys → ABC Refrigeration & HVAC
Add-on acquisition Jan 2024

CoolSys acquired ABC Refrigeration & HVAC (2019)

CoolSys → ABC Refrigeration & HVAC
Add-on acquisition Aug 2019
Verified

CoolSys acquires Agape Mechanical, expanding Midwest light-commercial division

CoolSys → Agape Mechanical
Add-on acquisition Jan 2019
Verified

CoolSys acquires Arjae HVAC and Mechanical Services

CoolSys → Arjae HVAC and Mechanical Services
Add-on acquisition Jan 2024

CoolSys acquires Arjae HVAC and Mechanical Services

CoolSys → Arjae HVAC and Mechanical Services
Add-on acquisition May 2018
Verified

CoolSys acquires Axiom Energy Solutions

CoolSys → Axiom Energy Solutions
Add-on acquisition Dec 2019
Verified

CoolSys acquires BRR Refrigeration in Virginia

CoolSys → BRR Refrigeration
Add-on acquisition Oct 2019
Verified

CoolSys acquires Building Air Services, expanding Southeast HVAC/R footprint

CoolSys → Building Air Services
Add-on acquisition Jan 2021
Verified

CoolSys acquires C.E. Holt Refrigeration (4th 2020 add-on, Southeast density)

CoolSys → C.E. Holt Refrigeration
Add-on acquisition Jun 2024
Verified

CoolSys prior acquisition of C.E. Holt Refrigeration referenced

CoolSys → C.E. Holt Refrigeration
Add-on acquisition Sep 2020
Verified

CoolSys acquires Carolina Refrigeration Services

CoolSys → Carolina Refrigeration Services Inc
Add-on acquisition Oct 2017
Verified

CoolSys (Audax PE) acquires Certified Refrigeration and Mechanical, entering Wisconsin

CoolSys → Certified Refrigeration and Mechanical, Inc.
Majority stake May 2026

CoolSys acquires CRM HVAC & Refrigeration

CoolSys → CRM HVAC & Refrigeration
Add-on acquisition Apr 2021
Verified

CoolSys acquires Duquette Refrigeration

CoolSys → Duquette Refrigeration
Add-on acquisition May 2026

Duquette Refrigeration transitions to CoolSys

CoolSys → Duquette Refrigeration
Add-on acquisition Jun 2020
Verified

CoolSys acquires Eastern Refrigeration, backed by PE investor Ares Management

CoolSys → Eastern Refrigeration
Majority stake New Jul 2026

CoolSys completes full integration of Eastern Refrigeration

CoolSys → Eastern Refrigeration
Add-on acquisition Jul 2018
Verified

CoolSys acquires Energy Squared LLC (MEPR engineering firm)

CoolSys → Energy Squared LLC
Add-on acquisition Aug 2023
Verified

CoolSys acquires Lima Co.

CoolSys → Lima Company
Add-on acquisition Oct 2024

CoolSys acquires Mechanical Engineering & Construction Corporation

CoolSys → Mechanical Engineering & Construction Corporation
Add-on acquisition Jun 2020
Verified

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

CoolSys → Richmond Refrigeration Service
Add-on acquisition Sep 2018

CoolSys acquires Ron's Refrigeration & HVAC (Wisconsin)

CoolSys → Ron's Refrigeration & HVAC LLC
Add-on acquisition Aug 2021
Verified

CoolSys acquires T&O Refrigeration (Southeast add-on)

CoolSys → T&O Refrigeration
Add-on acquisition Dec 2019
Verified

CoolSys acquires Tech Mechanical, expanding into Michigan

CoolSys → Tech Mechanical
Add-on acquisition May 2021
Verified

CoolSys acquires TRS-SESCO

CoolSys → Thermal Resource Sales and Supermarket Environment Services Company
Add-on acquisition Nov 2021
Verified

CoolSys acquires Triangle Refrigeration, expanding Northeast/Mid-Atlantic footprint

CoolSys → Triangle Refrigeration
Add-on acquisition Jan 2024

Triangle Refrigeration acquired by CoolSys

CoolSys → Triangle Refrigeration
Add-on acquisition May 2021

CoolSys acquires TRS-SESCO

CoolSys → TRS-SESCO
Add-on acquisition Jun 2024
Verified

CoolSys acquires Universal Refrigeration Inc. to expand in the Pacific Northwest

CoolSys → Universal Refrigeration Inc.