D Cubed Group forms KPS Global from two refrigeration walk-in businesses

Private market investment group D Cubed Group acquired Hill Phoenix's Walk-Ins business (from Dover Corp.) and Kysor Panel Systems (from The Manitowoc Company) and combined them into a new, independent walk-in refrigeration company, KPS Global, with over $200 million in combined annual revenue. This is a sponsor-backed platform formation in commercial refrigeration equipment.

“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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