PowerCold acquires Applied Building Technology Inc.

PowerCold Corp. announced the acquisition of Applied Building Technology Inc. (ABT), a St. Petersburg, FL commercial HVAC packager, via an asset purchase combining cash and stock; terms undisclosed. ABT is being merged into subsidiary Ultimate Comfort Systems as an engineering division.

“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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