PowerCold Corp. acquires Applied Building Technology Inc.

PowerCold Corp. acquired Applied Building Technology Inc. (ABT), a St. Petersburg commercial HVAC packager, in a cash-and-stock asset purchase, entering the small commercial HVAC market. ABT is being merged into PowerCold's subsidiary Ultimate Comfort Systems.

“PowerCold Corp. has announced the acquisition of Applied Building Technology Inc. (ABT), a St. Petersburg, FL-based supplier of standardized heating, ventilation, and air conditioning 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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