Divestiture • Business Services

Easy Ice Acquires ICEsurance

On March 10, 2022, Easy Ice acquired business services company ICEsurance from Arctic Glacier

Acquisition Context
  • This is Easy Ice’s 1st transaction in the Business Services sector.
  • This is Easy Ice’s 3rd transaction in the United States.
  • This is Easy Ice’s 1st transaction in New York.

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M&A Deal Summary

Date March 10, 2022
Target ICEsurance
Sector Business Services
Buyer(s) Easy Ice
Sellers(s) Arctic Glacier
Deal Type Divestiture

Target Company

ICEsurance

Mamaroneck, New York, United States
ICEsurance provides full-service ice machine leasing solutions to help customers feel relaxed and confident when it comes to their ice needs. The company's program includes ice machine selection, installation, ongoing service and maintenance, cleaning and sanitizing, and free emergency back-up service. ICEsurance is based in Mamaroneck, New York.
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Buyer Overview 1

Buyer

Easy Ice

Marquette, Michigan, United States

Category Company
Founded 2009
Sector Machinery
DESCRIPTION

Easy Ice engages in full-service ice machine subscription industry. Easy Ice’s commercial ice machine subscription programs include installation, cleaning, preventive maintenance, repairs, backup ice, and peak demand ice. Easy Ice was established in 2009 and is based in Marquette, Michigan.


Deal Context for Buyer #
Overall 3 of 21
Sector: Business Services 1 of 10
Type: Divestiture 2 of 9
State: New York 1 of 1
Country: United States 3 of 21
Year: 2022 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-25 Brooks Industries - Ice Maker Leasing Division

Oklahoma City, Oklahoma, United States

Brooks Industries' Ice Maker Leasing Division provides ice machines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Hutto Refrigeration

North Charleston, South Carolina, United States

Hutto Refrigeration is a provider of refrigeration equipment. Hutto Refrigeration is a top-notch, reliable source for all your commercial refrigeration needs. Hutto Refrigeration was founded in 2009 and is based in North Charleston, South Carolina.

Buy -

Seller Profile 1

SELLER

Arctic Glacier

Winnipeg, Manitoba, Canada

Category Company
Founded 1996
Sector Beverages
DESCRIPTION

Arctic Glacier is a producer, marketer and distributor of packaged ice, with a strong and loyal customer base across Canada and much of the northern, central and western United States. Arctic Glacier was founded in 1996 and is based in Winnipeg, Manitoba.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 Brookline Ice

Brookline, Massachusetts, United States

Brookline Ice is a provider of an ice, charcoal, gourmet flavored woods, fuels, and refrigeration products. Brookline Ice was founded in 1924 and is based in Brookline, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 North Star Ice

London, Ontario, Canada

North Star Ice is a producer and delivers quality packaged ice products to the retail grocery, hospitality, and recreation industries. North Star Ice was founded in 1954 and is based in London, Ontario.

Buy -