LA VERNIA, TX — PowerCold Corp. has announced the acquisition of Applied Building Technology Inc. (ABT), a St. Petersburg, FL-based supplier of complete HVAC packages for standard-sized commercial buildings such as national chain businesses. Specific terms were not disclosed.
“PowerCold has entered the small commercial HVAC application market with the acquisition of ABT,” said Frank Simola, PowerCold CEO. “This is a perfect fit for our evaporative condensers and ABT’s desiccant air conditioning units. PowerCold has gained an excellent strategic distribution network. ABT is being merged into PowerCold’s wholly owned subsidiary Ultimate Comfort Systems as an operating engineering division.”