Source Refrigeration & HVAC acquired by Arsenal Capital Partners from Valor and Denargo

Source Refrigeration & HVAC Inc. was acquired by New York-based private equity firm Arsenal Capital Partners. Arsenal acquired Source from Valor Equity Management and Denargo Capital LLC; Source's management retained a meaningful stake. Source is a leading independent commercial refrigeration services provider across 12 Western states.

“Source Refrigeration & HVAC Inc. announced that it has been acquired by Arsenal Capital Partners, a New York-based private equity firm that invests in middle-market manufacturing and services companies. Arsenal acquired Source from Valor Equity Management and Denargo Capital LLC.”

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