Canadian mid-market private equity firm Fulcrum Capital Partners has made an undisclosed equity investment in Arctic Chiller Group Ltd, a manufacturer of modular and high-efficiency chillers used in commercial and industrial cooling applications across North America. The deal, which was completed in partnership with the management of Arctic Chiller, is intended to finance the company’s continued growth. Founded in 1989, Arctic Chiller has its headquarters in Brampton, Ontario, and additional manufacturing facilities in Newberry, South Carolina. Earlier this month, the Vancouver-based Fulcrum acquired Oakville, Ontario, food services provider Dana Hospitality LP.
Fulcrum Capital Partners Announces Equity Investment in Arctic Chiller Group
Founded in 1989, Arctic Chiller Group (“Arctic” or the “Company”) is a manufacturer of modular and high efficiency chillers that are utilized in commercial and industrial cooling applications throughout North America. The benefits of Arctic’s modular and high efficiency chillers include redundancy, energy efficiency, installation accessibility and low total cost of ownership. The Company primarily serves the North American non-residential retrofit market with end consumers across several industries including Fortune 500 companies, government agencies and professional sports franchises. Arctic is headquartered in Brampton, Ontario with additional manufacturing facilities in Newberry, South Carolina.
Fulcrum Capital Partners has partnered with the existing management team to provide growth capital to support the rapid and continued growth of the Company. The investment was funded by Fulcrum Capital’s Private Equity Fund IV and marks the tenth investment in that fund.
Fulcrum Capital Partners manages over $500 million through two private equity funds and a portfolio of mezzanine investments. Fulcrum Capital’s investments typically support management buyouts, acquisitions, going private transactions, leveraged buyouts, corporate growth and financial restructurings.
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