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Consolidation trend Feb 2016 · North America Verified

Audax targets fragmented refrigeration services market via add-on acquisitions

Audax described the refrigeration services market as fragmented and signaled intent to grow Source organically and through add-on acquisitions, an explicit roll-up strategy.

“Source is a recognized leader 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 · Sponsor Source Refrigeration & HVAC · Platform
HVACRefrigeration
Source: www.achrnews.com

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