Audax-backed CoolSys buys Energy Squared

CoolSys, a portfolio company of Audax Private Equity, has acquired Princeton, New Jersey-based Energy Squared LLC, an energy design consulting engineering firm. No financial terms were disclosed. No financial terms were disclosed.

PRESS RELEASE

CoolSys, a portfolio company of Audax Private Equity, announces the acquisition of Energy Squared, LLC

THE COMPANY

Energy Squared, LLC (“Energy Squared” or the “Company”) is a nationwide, full-service, energy design consulting engineering firm based in Princeton, NJ with additional offices in San Antonio, TX and Orlando, FL. The Company provides mechanical, electrical, plumbing, and refrigeration (MEPR) engineering analysis and design services focused on energy use optimization and implementation of energy efficient systems and solutions.

THE DEAL
CoolSys, a portfolio company of Audax Private Equity (“Audax”), has completed the acquisition of Energy Squared, representing the company’s 5th add-on acquisition since Audax’ investment in the company. The acquisition enhances CoolSys’ existing capabilities and resources in energy efficiency-focused system design and optimization.

THE THESIS
CoolSys is a leading provider of refrigeration and HVAC services, serving 3,500 customers and 33,000 customer locations in the retail, commercial, and industrial market segments.

The company has completed five acquisitions since Audax invested in 2015 with the goal of building a national platform.

Please see www.audaxprivateequity.com/portfolio/investments for a full list of platform acquistions.