Toromont's CIMCO Refrigeration acquires Engineered Refrigeration Systems

Toromont Industries' CIMCO Refrigeration Division acquired Engineered Refrigeration Systems Inc. (ERS), a Mobile, Ala.-based regional supplier of industrial refrigeration equipment, expanding its North American refrigeration market coverage. The deal is expected to add ~$15 million Canadian in annual revenues.

“Toromont Industries' CIMCO Refrigeration Division has acquired Engineered Refrigeration Systems Inc. (ERS), a privately owned company based in Mobile, Ala.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.