hvacrollups.com
← Deals
Add-on acquisition · Closed Jun 2020 Verified

CoolSys acquires Eastern Refrigeration, backed by PE investor Ares Management

Relationship map

Relationship map for CoolSys acquires Eastern Refrigeration, backed by PE investor Ares Managementbacksparent ofAres Management Corporation: Pe FirmAMAres Management Corpo…CoolSys: PlatformCoolSysEastern Refrigeration: Operating CompanyEastern Refrigeration
Operating CompanyPe FirmPlatform

Parties

Acquirer
CoolSys
Platform
Target
Eastern Refrigeration
Operating Company
Sponsor
Ares Management Corporation
Pe Firm

Market signals

Summary

CoolSys, backed by private equity investor Ares Management, acquired Eastern Refrigeration, a commercial refrigeration and HVAC installer/servicer, expanding its presence in the Northeast and relaunching its nationwide M&A growth strategy.

Primary source