CoolSys buys commercial refrigeration and HVAC firm Eastern Refrigeration
CoolSys, a US refrigeration and HVAC services company backed by Ares Management, has acquired Eastern Refrigeration for an undisclosed price, to further expand its market presence in the Northeast region.
Eastern Refrigeration serves Connecticut, Rhode Island, and Massachusetts with commercial refrigeration and HVAC solutions.
Adam Coffey – CEO of CoolSys said: “CoolSys is excited to relaunch our M&A growth strategy with the acquisition of Eastern Refrigeration. This acquisition is another key step in fulfilling our vision of becoming a national service provider that offers a full-spectrum of best-in-class solutions for mission-critical refrigeration and HVAC systems in light commercial, commercial and industrial markets.
“This strategic acquisition strengthens our market position in the Northeast by providing density in some existing markets and opening up new states for CoolSys.”
Established in 1975 by Pierre “Pete” Belisle, Eastern Refrigeration is said to have grown over the past 40 years to install and service commercial refrigeration and HVAC equipment across its region. The company has expertise in all aspects of supermarket refrigeration, which includes direct expansion, carbon dioxide and glycol systems, and also HVAC.
Eastern Refrigeration’s installation capabilities are said to range from ground-up construction and remodels to control systems and energy management systems.
Stan Shumbo – Vice President of Eastern Refrigeration said: “We are very excited to become the newest members of the CoolSys family.
“The employee-focused culture of CoolSys is a great fit for the Eastern team, and we look forward to providing our customers with expanded solutions to help them manage their businesses even better.”