hvacrollups.com
← Companies

Source Capital LLC

Pe Firm

Refrigeration

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 Source Capital LLCDivestedPart Ofbacked bybacked bybacked bymerged withparent ofparent ofparent ofparent ofrolled up intorolled up intorolled up intorolled up intorolled up intorolled up intorolled up intoAC Guard: Operating CompanyAC GuardAC Leak Freeze: Operating CompanyALAC Leak FreezeAcid Away: Operating CompanyAAAcid AwayAirtec Products Corp.: PlatformAPAirtec Products Corp.AmRad Manufacturing: Operating CompanyAMAmRad ManufacturingAspen Manufacturing: Operating CompanyAspen ManufacturingCSW Industrials Inc.: PlatformCSW Industrials Inc.Capital Southwest Corp.: Pe FirmCSCapital Southwest Cor…Cover Guard: Operating CompanyCover GuardDuckt-Strip: Operating CompanyDSDuckt-StripDuckt-Strip Cable: Operating CompanyDuckt-Strip CableDusk Acquisition Corporation: Operating CompanyDADusk Acquisition Corp…Dust Free: Operating CompanyDFDust FreeEvolve Composites Pty Ltd.: Operating CompanyECEvolve Composites Pty…Falcon Stainless: Operating CompanyFSFalcon StainlessGlobal: Operating CompanyGLGlobalJohnson Controls: PlatformJohnson ControlsLogix: Operating CompanyLogixM&M Carnot: PlatformM&M CarnotM&M Refrigeration: Operating CompanyMMM&M RefrigerationMARS: Operating CompanyMARSMARS Parts: Operating CompanyMPMARS PartsMSD Research: Operating CompanyMRMSD ResearchMarketair: PlatformMAMarketairPF WaterWorks: Operating CompanyPF WaterWorksPSP Products: Operating CompanyPSP ProductsPlatinum Equity: Pe FirmPEPlatinum EquityRectorSeal: PlatformRectorSealRefrigeration Electricals: Operating CompanyRERefrigeration Electri…Resource Conservation Technologies: Operating CompanyRCResource Conservation…Shoemaker Manufacturing: Operating CompanyShoemaker Manufacturi…Smoke Guard Corp.: Operating CompanySmoke Guard Corp.Source Capital LLC: Pe FirmSCSource Capital LLCStewart Hall: Operating CompanySHStewart HallSureSeal: Operating CompanySUSureSealSureSeal Manufacturing: Operating CompanySMSureSeal ManufacturingTRUaire: Operating CompanyTRTRUaireUniversal Technologies: Operating CompanyUTUniversal TechnologiesWire Snagger: Operating CompanyWSWire Snagger
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.

Acquisition history

Acquisition timeline20182019202020212022202320242018 · Majority stake → M&M Refrigeration2022 · Add-on acquisition → Logix (verified)2024 · Majority stake → AmRad Manufacturing
3 recorded deals, 2018–2024verifiedunverified

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: no recorded 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: 1 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: no recorded 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: 1 acquired companies Wisconsin: no recorded acquired companies West Virginia: no recorded acquired companies Wyoming: no recorded acquired companies
  1. 1. Maryland 1
  2. 2. Washington 1
1–4 5–14 15–39 40–79 80+ no recorded acquired companies
Where the brands Source Capital LLC acquired are headquartered, by US state. A count of targets, not a market-share claim.

Deals

Majority stake Dec 2024

Platinum Equity invests in Global, the Source and AmRad

Source Capital LLC → AmRad Manufacturing
Add-on acquisition Feb 2022
Verified

M&M Carnot (Source Capital platform) acquires Logix

M&M Carnot → Logix
Majority stake Nov 2025

RectorSeal Acquires MARS Parts to Expand HVAC/R Lineup

RectorSeal → Source Capital LLC
Majority stake May 2018

M&M Refrigeration acquired by PE firm Source Capital

Source Capital LLC → M&M Refrigeration