CoolSys, which is backed by Audax Private Equity, has acquired Axiom Energy Solutions, a provider of energy efficient equipment and technology solutions. No financial terms were disclosed.
BREA, Calif., May 2, 2018 – CoolSys™, a parent of market-leading refrigeration and HVAC companies nationwide, announced it has acquired Axiom Energy Solutions as the newest member of the CoolSys family of companies. With this acquisition, CoolSys will integrate the resources and capabilities of Axiom as a leading provider of energy efficiency solutions with CoolSys Energy Solutions to serve energy optimization (EO) customers nationwide. Both companies are widely known for their expertise and services within the retail grocery sector.
“Our acquisition of Axiom combines the power of two of the industry’s leading EO companies together into one unified energy solutions business that broadens our services portfolio and the value we bring to our customers across multiple market segments,” comments Adam Coffey, president and CEO of CoolSys “Our acquisition of Axiom is just the beginning of the investments that we plan to make in bringing expanded capabilities to our CoolSys Energy Solutions customers.”
Founded by Anthony Tippins, Axiom is a well-established provider of energy efficient equipment and technology solutions. The firm engineers customized solutions to address the energy, sustainability and compliance needs for companies across a range of industries including supermarkets, non-food retail, convenience stores, hospitality, healthcare and education.
“The entire Axiom team is thrilled to become part of the CoolSys family,” Tippins comments. “We have respected the energy-related work they have done in the market for years, and now, by combining our resources, solutions, experience and customer relationships with those of CoolSys Energy Solutions, we will be able to provide our customers with an even broader set of solutions and expand our market presence.”
CoolSys is a market-leading refrigeration and HVAC services company, specializing in a full spectrum of best-in-class service experiences and solutions for customers in the retail, commercial, and industrial market segments. CoolSys and its operating businesses cover every stage of mission-critical systems through design, installation, optimization, maintenance, service and repair. Headquartered in Southern California, CoolSys has more than 1,400 highly trained, field-based service and installation experts serving the daily needs of more than 3,500 customers across North America. For additional information, please visit www.coolsys.com.
With more than 250 years of combined experience, Axiom Energy Solutions, a veteran-owned small business, provides solutions to ensure its clients’ facilities operate at peak energy efficiency. Over the past two decades, the Axiom team has implemented more than $750 million in energy projects, installed and managed more than 20,000 facilities, designed more than 2,000 lighting systems and installed more than 1.7 million fixtures in facilities for its clients. Additionally, they have saved their customers over $2.1B in accumulated energy costs while reducing greenhouse gas emissions equivalent to 15.7 million tons of carbon dioxide. Axiom serves companies across the country through its nationwide network of trained contractors, energy engineers and project management teams.