PowerCold acquires Applied Building Technology

PowerCold Corp. acquired Applied Building Technology (ABT), a Florida-based supplier of commercial HVAC packages, in a cash-and-stock asset purchase, merging ABT into its subsidiary Ultimate Comfort Systems.

“PowerCold Corp. announced the acquisition of Applied Building Technology Inc. (ABT), a St. Petersburg, FL-based supplier of complete HVAC packages for standard-sized commercial buildings such as national chain businesses. The asset purchase transaction involves a combination of cash and stock. Specific terms were not disclosed.”

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