CoolSys, a portfolio company of Audax Private Equity, has acquired Syracuse, New York-based ABC Refrigeration & HVAC, a commercial refrigeration and air conditioning services provider. No financial terms were disclosed.
BREA, Calif., March 4, 2019 – CoolSys™, a parent of market-leading refrigeration and HVAC companies nationwide, has acquired ABC Refrigeration & HVAC. Headquartered in Syracuse, New York, ABC Refrigeration is a leading commercial refrigeration and air conditioning services provider in the Northeast that also has in-house metal fabrication capabilities. With this acquisition, CoolSys establishes a strategic position in the highly desirable Northeast market.
“The acquisition of ABC is a major milestone for CoolSys, as we continue on our path of expansion throughout the U.S.,” comments Adam Coffey, CEO of CoolSys. “Adding ABC to the CoolSys family establishes our presence in a significant way in the strategically important Northeast region,” added Coffey. “With a shared commitment to providing best-in-class service experiences for our customers with mission-critical refrigeration and HVAC systems, we are excited to offer our expanding set of CoolSys solutions to ABC’s existing customers and to work with them to increase our market presence.”
ABC Refrigeration & HVAC serves supermarket, retail and commercial businesses in New York, Pennsylvania, Massachusetts, Connecticut, Rhode Island, Vermont, New Hampshire and New Jersey, with a team of highly skilled and trained technicians. Their service-solutions include commercial refrigeration and HVAC installation, service and maintenance, and HVAC fabrication. As a second-generation, family-owned business, ABC was purchased in 1976 by Carmen Ligoci and has grown from one to 160 employees. Carmen’s son and current owner, Joseph C. Ligoci, has maintained its commitment of providing the highest quality of services and precision that have been part of the company’s culture since its foundation.
“Like CoolSys, we take pride in our reputation and strive to ensure that our customers receive the highest standards of service, quality and value by extensively and consistently training our technicians,” comments Joseph Ligoci. “We are looking forward to becoming part of the CoolSys family of companies and to combining our strengths to benefit our customers and expand our business in the Northeast.”
CoolSys is the 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, food service, commercial and industrial market segments. CoolSys and its operating businesses cover every stage of mission-critical systems through engineering and design, installation, service and maintenance, and energy optimization. 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 4,000 customers across North America. For additional information, please visit www.coolsys.com.
About ABC Refrigeration & HVAC
ABC Refrigeration & HVAC strives to provide clients with unmatched service in every capacity of commercial refrigeration and air conditioning, including planning, purchasing, installation, break/fix and regular maintenance. In addition, its in-house metal fabrication shop is equipped to handle fabrication needs for ductwork in sheet metal, aluminum and stainless steel. Available to its customers 24/7, ABC Refrigeration meets the preventative maintenance and emergency service needs of its customers around the clock to minimize downtime for their business operations.