# Southfield Capital acquires American Refrigerator Company

Southfield Capital acquired American Refrigerator Company (ARC), the largest independent industrial refrigeration service company in New England. Abacus Finance Group provided $20.5 million in senior secured credit facilities to support the buy.

- Type: Acquisition
- Announced: 2017-11-14
- Where: Andover, MA, United States
- Value: $20.5M
- Status: completed
- Products: industrial refrigeration services, refrigeration and air conditioning system design, alternative refrigerant evaluations
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Southfield Capital](https://endata.com/companies/28096.md) (acquirer)
- [Southfield Capital](https://endata.com/companies/28096.md) (investor)
- [American Refrigerator Company](https://endata.com/companies/28097.md) (target)
- [Abacus Finance Group](https://endata.com/companies/28098.md) (investor)
- [American Refrigeration Company](https://endata.com/companies/28305.md) (target)

## Sources

- [peprofessional.com](https://peprofessional.com/2017/11/southfield-acquires-american-refrigerator/), 2017-11-14: "This was our second transaction with Abacus, and once again we were impressed with the flexibility of the financing structure that they proposed and the speed of their willingness to commit to the transaction."
- [prnewswire.com](https://www.prnewswire.com/news-releases/southfield-capital-partners-with-american-refrigeration-company-300558560.html), 2017-11-21: "Southfield Capital, a leading lower middle-market private equity firm, announced today its partnership with American Refrigeration Company ('ARC' or the 'Company'), the leading industrial refrigeration service provider in New England."
- [southfieldcapital.com](https://www.southfieldcapital.com/news/southfield-capital-partners-with-american-refrigeration-company), 2017-11-28: "Stephen and I knew that we needed to find a partner that had the expertise to scale up our operation without sacrificing the customer first culture that made us the #1 industrial refrigeration contractor in New England."
- [prnewswire.com](https://www.prnewswire.com/news-releases/mfa-capital-advisors-and-mfa-securities-announce-the-sale-of-american-refrigeration-company-to-southfield-capital-300563875.html), 2017-11-30: "MFA Capital Advisors and MFA Securities are pleased to announce that American Refrigeration Company ("ARC") was recently acquired by Southfield Capital, a private equity firm based in Greenwich, CT."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.