Audax Private Equity has sold CoolSys to a Private Equity Group of Ares Management

Lincoln International is pleased to announce that CoolSys, a portfolio company of Audax Private Equity, has been acquired by the Private Equity Group of Ares Management Corporation. Terms of the transaction were not disclosed.

Headquartered in Brea, California, CoolSys is a leading refrigeration and HVAC services company, providing a full spectrum of services and solutions to 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. Since its founding in 2001, CoolSys has grown to employ more than 2,000 individuals who serve more than 4,000 customers across 30,000 individual locations in North America.

Lincoln acted as financial advisor to Audax Private Equity and CoolSys, working closely with its shareholders and management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

Audax PE CoolSys Ares Mgmt 2019
  • 2019
    Close Year
  • Business Services
    Industry
  • Private Equity
    Client Type
  • Financial | Domestic
    Transaction Type
  • USA
    Countries

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