BGL Announces the Sale of Arctic Industries and Store It Cold to Kinzie Capital

Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Arctic Industries and Store It Cold (“Arctic” or the “Company”), a portfolio company of Stoic Holdings, to Kinzie Capital Partners LP, a private equity firm based in Chicago. BGL’s Industrials and Engineered Equipment investment banking team served as the exclusive financial advisor to Arctic Industries and Store It Cold in the transaction. The specific terms of the transaction were not disclosed.

With locations in Miami, Florida, and Los Angeles, California, Arctic is a leading manufacturer and distributor of engineered walk-in coolers, freezers, and insulating enclosures serving the foodservice, commercial, industrial, healthcare, hospitality, agriculture, and home use markets. The Company also owns the intellectual property of and sells CoolBot®, a highly innovative technology solution for agriculture, hunting, floral, and home use walk-in refrigeration.

The acquisition positions Arctic for substantial growth in a fragmented market with an opportunity to leverage its bi-coastal manufacturing capabilities to grow market share and expand relationships with leading national foodservice dealers and end users, in addition to adjacent product categories, including HVAC enclosures, environmental test chambers, and other cold storage solutions.

BGL’s Industrials and Engineered Equipment Group has extensive global transaction experience and domain knowledge across a broad range of end markets. Our emphasis is on providing investment banking advisory services to middle-market companies that offer unique value propositions to their customers and exclusive product and service offerings.

To learn more about the state of M&A across the Industrial market, including how trends will shape the future landscape of the market, download our most recent Industrials research reports: https://bit.ly/BGLIndustrialsResearch