Kinzie Capital Partners, a Chicago, IL-based private equity firm, acquired Arctic Industries, a Miami, FL-based manufacturer and distributor of temperature control and cold storage solutions.
The amount of the deal was not disclosed.
This acquisition will strengthen Arctic’s position as a national player in temperature control and cold storage solutions.
Founded in 1981 and led by CEO Brian Murphy, Arctic operates through two business groups, Arctic’s walk-in group serving the foodservice and industrial markets with custom designed walk-in coolers and freezers, and Store It Cold group, which manufactures the DIY centric CoolBot controller. The company operates factories on both the East and West coasts, enabling the production and delivery of products for its clientele in the foodservice, healthcare, and industrial sectors.
Kinzie invests in lower middle-market companies in the manufactured products, business services and consumer industries with $3M to $15M of EBITDA.
FinSMEs
21/02/2024