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Add-on acquisition Sep 2025 Verified

AeriTek (Mill Point Capital) Acquires Due North (Minus Forty QBD Corp)

AeriTek Global Holdings, a portfolio company of Mill Point Capital, acquired Minus Forty QBD Corp (doing business as Due North), combining brands to create a scaled North American manufacturer and distributor of refrigerated display cases. Ronin Equity Partners exits its investment.

“AeriTek Global Holdings (a portfolio company of Mill Point Capital) has acquired Minus Forty QBD Corp, doing business as Due North, combining AeriTek’s Imbera and Torrey businesses with Due North’s QBD and Minus Forty brands to create a scaled North American manufacturer and distributor of refrigerated display cases.”

Entities

Refrigeration Sentiment: Neutral

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