Foodservice

Private equity firm acquires Arctic Industries, Store It Cold

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February 23, 2024

Kinzie Capital Partners LP, a private equity firm based in Chicago, has acquired Arctic Industries and Store It Cold, portfolio companies of Stoic Holdings, according to a press release. Terms of the transactions were not disclosed.

Arctic Industries, with locations in Miami and Los Angeles, is a manufacturer and distributor of engineered walk-in coolers, freezers and insulating enclosures serving the foodservice, commercial, industrial, healthcare, hospitality, agriculture and home use markets.

Store It Cold is the manufacturer of CoolBot, a device that enables users to create cold storage solutions using standard home air conditioners.

Brown Gibbons Lang & Co., a Cleveland-based financial advisory firm, served as an advisor to the two acquired companies.