Saw Mill Adds to Climate Pros
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Saw Mill Adds to Climate Pros

Climate Pros, a portfolio company of Saw Mill Capital, has acquired J&D Refrigeration Service, a provider of refrigeration services to grocery retailers in northern California.

Saw Mill acquired Climate Pros, a provider of refrigeration maintenance, repair, remodel and installation services to grocery retailers and other cold-chain customers, in December 2017. Customers of the company include Walmart, Whole Foods, Safeway, Costco, Aldi, Albertsons, AbbVie, Pfizer, Roundy’s and others. Climate Pros has more than 390 employees and facilities in Glendale Heights, IL (headquarters); Pewaukee, WI; Irwindale, Stockton and Hayward, CA; Tamarac, FL; and Westland, MI. The company was founded in 2006 (www.climateprosinc.com).

“Our strategy is to find high-quality acquisition targets to expand geographically, add high-quality technicians, and expand our service offering, allowing us to better serve our customers,” said Todd Ernest, CEO of Climate Pros. “J&D’s culture is a perfect match with our organization and the company will help Climate Pros extend its coverage around northern California.”

Saw Mill invests in North American-based manufacturing, industrial and commercial service, and specialty distribution businesses with $25 million to $200 million of revenues and $5 million to $25 million of EBITDA. The firm was founded in 1997 and is headquartered north of New York City in Briarcliff Manor, NY (www.sawmillcapital.com).

Climate Pros is a portfolio company of Saw Mill’s most recent private equity fund, Saw Mill Capital Partners II LP, which closed in July 2017 with an above-target $340 million in capital commitments.

Saw Mill and Climate Pros are actively seeking additional acquisitions.

© 2018 Private Equity Professional | October 5, 2018

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