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  6. CCMP Growth and Current Capital Partners Invest In Innovative Refrigeration Systems

Investment Summary

CCMP Growth and Current Capital Partners Invest In Innovative Refrigeration Systems

On January 11, 2024, growth capital firm CCMP Growth and merchant bank Current Capital Partners invested in manufacturer Innovative Refrigeration Systems

Investment Highlights
  • This is CCMP Growth’s 1st and Current Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is CCMP Growth’s 3rd and Current Capital Partners’ 5th transaction in the United States.
  • This is CCMP Growth’s 1st and Current Capital Partners’ 1st transaction in Virginia.

Investment Summary
Date 2024-01-11
Target Innovative Refrigeration Systems
Sector Manufacturing
Investor(s) CCMP Growth
Current Capital Partners
Deal Type Growth Capital
Advisor(s) Stifel (Financial)
Klehr Harrison Harvey Branzburg (Legal)

Target

Innovative Refrigeration Systems

Lyndhurst, Virginia, United States
Innovative Refrigeration Systems specializes in ammonia, CO2 and cascade refrigeration systems, the most energy efficient systems for large scale industrial refrigeration using sustainable natural refrigerants. With vertical integration from engineering design, manufacturing, installation to plant commissioning, Innovative helps its customers and partners complete their projects on time and on budget. Innovative Refrigeration Systems was founded in 1983 and is based in Lyndhurst, Virginia.

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Investor(S) 2

Investor

CCMP Growth

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2022
Size Small
Type Sector Agnostic
DESCRIPTION

CCMP Growth is growth capital oriented private equity firm focused on opportunities in the consumer and industrial sectors. The Firm looks to fund expansion mid-sized expansion stage businesses throughout North America. CCMP Growth was formed in 2022 and is based in New York City.

DEAL STATS #
Overall 3 of 4
Sector (Manufacturing) 1 of 1
Type (Growth Capital) 1 of 1
State (Virginia) 1 of 1
Country (United States) 3 of 4
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Decks & Docks Lumber

Clearwater, Florida, United States

Decks & Docks Lumber is a specialty distributor of marine construction and outdoor living supplies offering a comprehensive suite of composite decking, railings, pilings, and vinyl seawalls. Decks & Docks Lumber is based in Clearwater, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 Combined Caterers

Charlotte, North Carolina, United States

Combined Caterers is a premium event management and catering services provider. Combined Caterers was founded in 1989 and is based in Charlotte, North Carolina.

Buy -
Investor

Current Capital Partners

Category Merchant Bank
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Current Capital Partners LLC is a private investment group focused on lower middle-market opportunities. The Firm is 'hands on', comprised of former Fortune 500 execs and actively looks to work with portfolio companies. Current Capital was formed in 2008 and is based in New York City.

DEAL STATS #
Overall 7 of 7
Sector (Manufacturing) 2 of 2
Type (Growth Capital) 2 of 2
State (Virginia) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Rimstock

West Bromwich, United Kingdom

Rimstock is a manufacturer of cast and forged aluminum automotive wheels in the United Kingdom for the automotive aftermarket and original equipment manufacturers. Rimstock was founded in 1985 and is based in West Bromwich, United Kingdom.

Sell -
Mergr

Product

Company

Legal