M&A Deal Summary

CIVC Partners Acquires American Refrigeration

On January 1, 2023, private equity firm CIVC Partners acquired business services company American Refrigeration

Acquisition Highlights
  • This is CIVC Partners’ 13th transaction in the Business Services sector.
  • This is CIVC Partners’ 68th transaction in the United States.
  • This is CIVC Partners’ 4th transaction in Florida.

M&A Deal Summary
Date 2023-01-01
Target American Refrigeration
Sector Business Services
Buyer(s) CIVC Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

American Refrigeration

Jacksonville, Florida, United States
American Refrigeration is an industrial refrigeration services (maintenance, repair, replacement, design/build and parts distribution) provider to cold storage and food production customer. American Refrigeration is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1970
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.

DEAL STATS #
Overall 72 of 76
Sector (Business Services) 13 of 13
Type (Buyout (LBO, MBO, MBI)) 32 of 32
State (Florida) 4 of 4
Country (United States) 68 of 72
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-21 Signers National

New York, New York, United States

Signers National is a Technology-enabled insurance brokerage and managing general agent focused on commercial insurance for the not-for-profit and human services sectors. Signers National is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Industrial Networking Solutions

Richardson, Texas, United States

INS is a reseller offering a wide range of wired and wireless products for the Internet of Things (“IoT”) market and related engineering and provisioning services. Industrial Networking Solutions was founded in 1998 and is based in Richardson, Texas.

Buy -
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