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

CLEVELAND, Feb. 21, 2024 /PRNewswire/ — 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 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.

The acquisition positions Arctic Industries for substantial growth in a fragmented market.

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

About Brown Gibbons Lang & Company

Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, Los Angeles, and New York, and real estate offices in Chicago, Cleveland, and San Antonio. The firm is also a founding member of Global M&A Partners, enabling BGL to service clients in more than 35 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, please visit www.bglco.com.