D Cubed Group forms KPS Global from two refrigeration carve-outs

Private investment group D Cubed Group acquired Hill Phoenix's Walk-Ins business from Dover Corp. and Kysor Panel Systems from The Manitowoc Company, combining them into a new private refrigeration company, KPS Global, with over $200 million in revenue.

“D Cubed Group LLC, a private market investment group, announced that it has acquired Hill Phoenix’s Walk-Ins business from Dover Corp. and Kysor Panel Systems from The Manitowoc Company Inc. The two transactions create a new, private refrigeration company named KPS Global, headquartered in Fort Worth, Texas, with combined annual revenues of over $200 million”

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