Audax

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

CoolSys, a portfolio company of Audax Group, acquired Arjae HVAC and Mechanical Services, an Oregon-based HVAC services company specializing in ductwork fabrication, installation, and maintenance.

ICP Group (owned by Audax) acquired Pli-Dek Systems, a provider of specialty coatings for the building industry.