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Add-on acquisition Jun 2024 · Pacific Northwest, USA Verified

CoolSys frames Universal Refrigeration deal as part of nationwide growth roll-up

CoolSys CEO Rich Wyckoff describes the acquisition as a step in CoolSys's growth plans, welcoming Universal into the 'CoolSys family of companies' — language indicating an add-on tuck-in to a platform.

““This acquisition represents an important step in our plans for growth and success as CoolSys builds upon its strong nationwide market leadership,” said Rich Wyckoff, chief executive officer and president at CoolSys. “We look forward to welcoming the Universal Refrigeration team into the CoolSys family of companies”

Entities

CoolSys · Platform Rich Wyckoff · Mentioned Universal Refrigeration, Inc. · Target
HVACRefrigeration Sentiment: Positive

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.