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Add-on acquisition Feb 2016 Verified

Audax Plans Add-On Acquisitions for Source Refrigeration & HVAC

Audax Group's Co-CEO stated the firm looks forward to growing Source Refrigeration & HVAC organically and through add-on acquisitions, signaling a buy-and-build strategy in the fragmented refrigeration services market.

“We look forward to partnering with Brad Howard and the entire Source team to continue growing the business organically and through add-on acquisitions.”

Entities

Audax Private Equity · Acquirer Source Refrigeration & HVAC · Platform
HVACRefrigeration Sentiment: Positive
Source: www.achrnews.com

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.