May 30, 2014: Source Refrigeration & HVAC Acquires Service Refrigeration
Service Refrigeration Provides Source with Complementary Capabilities and Expanded Coverage in Texas
ANAHEIM, Calif. — Source Refrigeration & HVAC, a portfolio company of Arsenal Capital Partners, has announced the acquisition of Service Refrigeration LLC, based in Houston.
Service Refrigeration is a leading provider of refrigeration and HVAC service solutions to grocery, commercial, and industrial clients throughout the state of Texas. Source Refrigeration & HVAC said the acquisition builds on its strong platform as a leading independent provider of commercial refrigeration and HVAC services in North America, serving the nation’s top supermarket chains, many of the largest convenience store chains, and leading telecommunications and industrial companies.
“Service Refrigeration has built a solid reputation for performing with an impressive group of accounts,” said Brad Howard, president and chief executive officer of Source. “We are excited to welcome their employees and their customers into the Source portfolio. Our combined capabilities will provide a great platform for serving Texas.”
Sal Gagliardo, an operating partner at Arsenal Capital Partners, said, “Service Refrigeration is well-established in the Texas market for mission critical refrigeration and HVAC services and provides Source with complementary capabilities and expanded market coverage in the state. The acquisition of Service Refrigeration demonstrates our continued commitment to further expand and strengthen Source’s national presence and service offering.”
For additional information about Service Refrigeration Co., visit www.servref.com.
For additional information about Source Refrigeration & HVAC, visit www.sourcerefrigeration.com.
For additional information on Arsenal Capital Partners, visit www.arsenalcapital.com.
Publication date: 5/26/2014