Ares Management acquires CoolSys from Audax Group

CoolSys was acquired by a fund managed by the private equity group of Ares Management Corp. The current executive team retains a significant equity stake. This recap follows three years under prior PE owner Audax Group.

“BREA, Calif. — CoolSys™ was acquired by a fund managed by the private equity group of Ares Management Corp. CoolSys will continue to operate under its current executive team, which will collectively maintain a significant equity investment in the company. Financial terms of the private transaction were not disclosed.”

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