Audax Private Equity announced that it has partnered with management to acquire Source Refrigeration & HVAC Inc. from Arsenal Capital Partners. Source, headquartered in Anaheim, California, is a leading independent provider of commercial refrigeration and HVAC services in North America.
A report on the global industrial refrigeration systems market from Technavio provides an analysis of the most important trends expected to impact the market outlook through 2020. The firm defines an emerging trend as a factor that has the potential to significantly affect the market and contribute to its growth or decline.
Luvata commercial coolers presentation is focused on two main themes: the new European directives on reducing emissions into the atmosphere and energy-savings in commercial and industrial refrigeration systems (F-Gas and ErP 2015).
Audax Private Equity announced that it has partnered with management to acquire Source Refrigeration & HVAC Inc. from Arsenal Capital Partners. Terms of the transaction were not disclosed.
Ingersoll-Rand plc announced it will sell its remaining equity interest in its Hussmann refrigeration business as part of a transaction in which Panasonic Corp. is acquiring 100 percent of Hussmann’s shares.
The global industrial refrigeration market is forecast to grow from $22.57 billion in 2014, and reach $33.90 billion in 2020, with a compound annual growth rate (CAGR) of 7.1 percent, according to a report from P&S Market Research.
The Air Conditioning Contractors of America Educational Institute (ACCA-EI) Standards Task Team announced that the American National Standards Institute (ANSI) has recognized the new ANSI/ACCA 14 QMref - 2015 (Quality Maintenance of Commercial Refrigeration Systems) standard.
Danfoss' 25th EnVisioneering Symposium, “Refrigerants2Sustainability: Risks, Options, & Opportunities in Commercial Refrigeration,” addressed how an increasing industry-wide focus on refrigerants and energy is driving changes in the design, deployment, and maintenance of refrigeration equipment and supermarkets.
Nick Cordasci, a Food Lion associate, has earned the U.S. Environmental Protection Agency’s (EPA’s) 2014 Distinguished Partner Achievement Award, one of the agency’s individual honors for commercial refrigeration achievements, by the GreenChill Partnership.
The global commercial refrigeration equipment market is expected to reach $46.4 billion by 2022, according to a new report by Grand View Research Inc. Rising disposable income and increasing industrialization and other demographic shifts have resulted in considerable changes in food consumption over the past few years.