CoolSys pursuing Ares-backed M&A roll-up strategy in refrigeration/HVAC

The Richmond Refrigeration deal is described as part of CoolSys's ongoing private-equity-backed M&A growth strategy, with multiple acquisitions in a short window aimed at becoming a national solutions provider in refrigeration and HVAC services.

“This is the second acquisition made by CoolSys in the Mid-Atlantic region in the past seven months, and the second acquisition the company has made during the month of June, as it continues its mergers and acquisitions (M&A) growth strategy backed by its private equity investor, Ares Management.”

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