Ares Management Acquires CoolSys
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- Ares Management Corporation (NYSE:ARES) announced today that a fund managed by its Private Equity Group has acquired CoolSys, Inc. (“CoolSys”), the leading refrigeration and HVAC services company, from Audax Private Equity. Terms of the transaction were not disclosed. Based in Brea, California, CoolSys provides a full spectrum of refrigeration and HVAC services and solutions to customers in the retail, food service, commercial and industrial market segments. CoolSys and its operating businesses cover every stage of mission-critical systems through engineering and design, installation, service and maintenance, and energy optimization. Since its founding in 2001, CoolSys has grown to employ more than 2,000 individuals who serve more than 4,000 customers across North America. “CoolSys is the market leader with a unique culture that develops its employees and delivers g
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