# Ronin Equity Partners acquires QBD Group and Minus Forty Group

Ronin Equity Partners completed the simultaneous acquisition of QBD Group and Minus Forty Group, two Toronto-based manufacturers of commercial refrigeration equipment. The deal amount is undisclosed.

- Type: Acquisition
- Announced: 2021-08-20
- Where: Toronto, Canada
- Status: completed
- Products: freezers, coolers, refrigerated merchandising products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Ronin Equity Partners](https://endata.com/companies/57936.md) (acquirer)
- [QBD Group](https://endata.com/companies/57937.md) (target)
- [Minus Forty Group](https://endata.com/companies/57938.md) (target)

## Sources

- [lexpert.ca](https://www.lexpert.ca/big-deals/ronin-equity-partners-acquisition-of-minus-forty-group-qbd-group/360190), 2021-09-27: "On Aug. 20, 2021, New York based private equity firm Ronin Equity Partners, LLC completed its simultaneous acquisition of the QBD Group and the Minus Forty Group."

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