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Add-on acquisition · Closed Jun 2024 Verified

Southfield Capital-backed RD&S acquires GMS Services (commercial refrigeration)

Relationship map

Relationship map for Southfield Capital-backed RD&S acquires GMS Services (commercial refrigeration)backsparent ofSouthfield Capital: Pe FirmSCSouthfield CapitalThe Kelvin Group: PlatformTKThe Kelvin GroupGMS Services, LLC: Operating CompanyGSGMS Services, LLC
Operating CompanyPe FirmPlatform

Parties

Acquirer
The Kelvin Group
Platform
Target
GMS Services, LLC
Operating Company
Sponsor
Southfield Capital
Pe Firm

Market signals

Summary

Refrigeration Design and Service (RD&S), a portfolio company associated with Kelvin Group and PE firm Southfield Capital, completed the acquisition of GMS Services, a commercial refrigeration and HVAC services provider in Charleston, SC, expanding its Southeast and Great Lakes footprint. Terms were not disclosed.