CoolSys (formerly Source Refrigeration & HVAC)
VerifiedPlatform
Brea, CA, US
RefrigerationHvac
National commercial refrigeration/HVAC services platform; Audax (2015) renamed Source Refrigeration to CoolSys, sold to Ares in 2019.
Ownership
- CoolSys (formerly Source Refrigeration & HVAC) backed by Ares Management Corporation Verified
- CoolSys (formerly Source Refrigeration & HVAC) backed by Audax Private Equity Verified
- C.E. Holt Refrigeration rolled up into CoolSys (formerly Source Refrigeration & HVAC) (deal) Verified
- Triangle Refrigeration rolled up into CoolSys (formerly Source Refrigeration & HVAC) (deal) Verified
- 1GNITE (Asset Recovery Solutions) rolled up into CoolSys (formerly Source Refrigeration & HVAC) (deal) Verified
Deals
Add-on acquisition Jan 2022
Verified CoolSys acquires 1GNITE (Asset Recovery Solutions)
CoolSys (formerly Source Refrigeration & HVAC) → 1GNITE (Asset Recovery Solutions)
Add-on acquisition Nov 2021
Verified CoolSys acquires Triangle Refrigeration
CoolSys (formerly Source Refrigeration & HVAC) → Triangle Refrigeration
Add-on acquisition Jan 2021
Verified CoolSys acquires C.E. Holt Refrigeration
CoolSys (formerly Source Refrigeration & HVAC) → C.E. Holt Refrigeration
Majority stake Mar 2019
Verified Ares Management acquires CoolSys from Audax
Ares Management Corporation → CoolSys (formerly Source Refrigeration & HVAC)
Majority stake Dec 2015
Audax Private Equity acquires Source Refrigeration & HVAC (later CoolSys)
Audax Private Equity → CoolSys (formerly Source Refrigeration & HVAC)