Source Refrigeration HVAC, Inc., Los Angeles, CA, announced today that it has been acquired by Arsenal Capital Partners, a New York-based private equity firm that invests in middle-market manufacturing and services companies.
Source is a leading independent povider of commercial refrigeration services in North America, serving customers in 12 contiguous Western states. Source’s expertise lies in complex commercial refrigeration systems, which it says has enabled it to develop substantial, long-term relationships with the nation’s top supermarket chains and many of the largest convenience and retail food companies.