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Add-on acquisition · Closed Mar 2023

Master Group acquires Refrigeration Sales Corp (RSC)

Relationship map

Relationship map for Master Group acquires Refrigeration Sales Corp (RSC)backsparent ofNavacap: Pe FirmNANavacapThe Master Group: PlatformTMThe Master GroupRefrigeration Sales Corp.: Operating CompanyRSRefrigeration Sales C…
Operating CompanyPe FirmPlatform

Parties
Acquirer
The Master Group
Platform
Target
Refrigeration Sales Corp.
Operating Company
Sponsor
Navacap
Pe Firm

Summary

The Master Group, a PE-backed HVAC/R distributor pursuing North American expansion, acquired Ohio-based independent distributor Refrigeration Sales Corp (RSC), its second U.S. acquisition following the 2021 purchase of Value Added Distributors (VAD).