Ares Management acquires CoolSys from Audax Group

CoolSys, a parent of refrigeration and HVAC companies nationwide, was acquired by a fund managed by the Private Equity Group of Ares Management Corporation, with management retaining a significant equity stake. Ares succeeds prior PE owner Audax Group.

“CoolSys, a parent of market-leading refrigeration and HVAC companies nationwide, announced that is has been acquired by a fund managed by the Private Equity Group of Ares Management Corporation. CoolSys will continue to operate under its current executive team, which will collectively maintain a significant equity investment in the company.”

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