CoolSys, which is owned by Audax Private Equity, has acquired Madison, Wisconsin-based Certified Refrigeration and Mechanical Inc, a refrigeration services company. No financial terms were disclosed.
ANAHEIM, Calif.–(BUSINESS WIRE)–CoolSys™, a parent of market-leading refrigeration and HVAC companies nationwide, announced it has acquired Certified Refrigeration and Mechanical, Inc. (“CRM”), a Madison, Wisconsin-based refrigeration services company. With this acquisition, Coolsys establishes its presence for the first time in the Wisconsin region with CRM’s ten branch locations across the state.
“We’re looking forward to bringing CRM and its employees into our portfolio of companies and to doing business across the Wisconsin region,” comments Adam Coffey, CEO of Coolsys. “This represents a significant milestone in our ‘Buy and Build’ strategy designed to achieve company growth through strategic acquisitions of industry-leading refrigeration and HVAC companies.”
CRM is a local, family-oriented company offering statewide commercial refrigeration service solutions to meet its customers’ food service, refrigeration, and HVAC equipment repair and maintenance needs. Serving all major regions throughout the state of Wisconsin, it has established a reputation as an industry leader based on its expert knowledge, experience and technology. It uses the largest state-of-the-art refrigeration training lab in Wisconsin to ensure that technicians are professionally competent to serve all of its customers’ equipment service needs.
“We are excited about joining the CoolSys family of companies as we continue to serve the Wisconsin region,” comments CRM President Gary Schmerler. “We remain committed to delivering the same high level of service our customers have come to expect, while offering added resources and capabilities from CoolSys.”
This acquisition is the third undertaken by CoolSys under its ownership by Audax Private Equity, and the second this year.
CoolSys is a parent of market-leading refrigeration and HVAC companies, specializing in a full spectrum of best-in-class service experiences and solutions for the retail, commercial, and industrial refrigeration and HVAC industries. 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 companies have more than 1,200 highly trained, field-based service and installation experts serving the daily needs of more than 2,500 customers across North America. For additional information, please visit www.coolsys.com.
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4 billion in 107 platform and 621 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.