# CoolSys acquired by Ares Management Corporation

CoolSys was acquired by a fund managed by the Private Equity Group of Ares Management Corporation. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2019-03-05
- Where: Brea, California, United States
- Jobs: 2,000
- Status: completed
- Products: refrigeration services, HVAC services
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Ares Management](https://endata.com/companies/7464.md) (acquirer)
- [Audax Private Equity](https://endata.com/companies/9109.md) (partner)
- [CoolSys](https://endata.com/companies/14878.md) (target)
- [Audax](https://endata.com/companies/33018.md) (partner)

## Sources

- [coolsys.com](https://coolsys.com/resource/coolsys-acquired-by-ares-management-corporation/), 2019-03-05: "This is a major milestone for CoolSys."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/ARES-MANAGEMENT-CORPORATI-50061101/news/Ares-Management-Acquires-CoolSys-28205267/), 2019-03-21: "CoolSys is the market leader with a unique culture that develops its employees and delivers great service to its customers."
- [prnewswire.com](https://www.prnewswire.com/news-releases/audax-private-equity-has-sold-coolsys-to-a-private-equity-group-of-ares-management-300816698.html), 2019-03-21: "CoolSys, a portfolio company of Audax Private Equity, has been acquired by the Private Equity Group of Ares Management Corporation."
- [abfjournal.com](https://www.abfjournal.com/ares-management-acquires-hvac-services-company-coolsys/), 2019-03-22: "CoolSys is the market leader with a unique culture that develops its employees and delivers great service to its customers."
- [hvacinsider.com](https://hvacinsider.com/coolsys-acquired-by-ares-management-corporation/), 2019-03-23: "This is a major milestone for CoolSys."
- [hpac.com](https://www.hpac.com/heating/press-release/20929807/coolsys-acquired-by-ares-management-corp), 2019-03-23: "This is a major milestone for CoolSys."
- [labusinessjournal.com](https://labusinessjournal.com/news/weekly-news/ares-bets-big-hvac-provider-growth/), 2019-03-28: "I will have access to significantly more capital to pursue a larger and more transformative strategy."
- [achrnews.com](https://www.achrnews.com/articles/140989-coolsys-acquired-by-ares-management-corp), 2019-03-29: "This is a major milestone for CoolSys."

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