CoolSys acquires Eastern Refrigeration, backed by PE sponsor Ares Management

CoolSys, a national refrigeration and HVAC services platform backed by private equity firm Ares Management, acquired Eastern Refrigeration, a commercial refrigeration and HVAC provider in Connecticut, Rhode Island and Massachusetts, expanding its Northeast presence and resuming its M&A growth strategy post-COVID.

“CoolSys, the parent of market-leading refrigeration and HVAC services companies nationwide, announced that it has acquired Eastern Refrigeration, a leading commercial refrigeration and HVAC solutions provider serving Connecticut, Rhode Island and Massachusetts. With this acquisition, CoolSys further expands its growing market presence in the Northeast region and resumes its nationwide expansion in the wake of the COVID-19 pandemic with the backing of its private equity investor, Ares Management.”

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