Parkland Corporation Acquires M&M Food Market

Source Capital Acquires M&M Refrigeration, LLC

May 3, 2018

Manufacturing

Source Capital, LLC, a lower middle-market private equity firm, has acquired M&M Refrigeration, LLC, a Federalsburg, Maryland-based designer, manufacturer and servicer of industrial refrigeration systems for cold storage, food processing and other industrial applications. Terms were not disclosed; Source Capital said it will partner with M&M's management to grow the business while honoring the company's core values, and founder Dufferin McConnell commented on the ownership transition.

Gainline Capital Partners Acquires M&M International

January 21, 2025

Manufacturing

Gainline Capital Partners has acquired M&M International, a South Plainfield, New Jersey-based manufacturer of precision-engineered small-diameter stainless-steel tubing serving the medical device and other high-precision end markets. Gainline named Jeff Robertson CEO and plans to support accelerated organic growth, expand product capabilities (including a new 17-7 stainless offering) and pursue strategic add-on acquisitions.

Johnson Controls Acquires M&M Carnot

June 21, 2023

Manufacturing

Johnson Controls has acquired M&M Carnot, a provider of natural industrial refrigeration systems that use ultra-low global warming potential refrigerants such as CO2. The acquisition expands Johnson Controls' sustainable industrial refrigeration portfolio and strengthens its position to serve data centers, food and cold-storage, and other industrial customers with transcritical CO2 solutions and heat-pump technologies.

Sunoco LP Acquires Parkland Corporation

October 31, 2025

Oil & Gas

Sunoco LP, through its purchaser 2709716 Alberta ULC, completed the acquisition of Parkland Corporation on October 31, 2025. Parkland shareholders received a mix of cash and units in SunocoCorp (with aggregate consideration of approximately C$3.46 billion and 51,517,198 SunocoCorp units), and Parkland shares are being withdrawn from the Toronto Stock Exchange while SunocoCorp units will begin trading on the New York Stock Exchange.

J&J Snack Foods Acquires Dippin' Dots for $222M

June 21, 2022

Food & Beverage

J&J Snack Foods Corp. agreed to acquire Dippin' Dots, L.L.C. (including the Doc Popcorn business) for $222 million, a transaction funded with cash and senior debt and expected to close in June 2022. The acquisition expands J&J's frozen novelty portfolio and production/distribution capacity, and closed on June 21, 2022.

Power Marketing + Printing Acquires Market Place Color

February 5, 2020

Manufacturing

Power Marketing + Printing (PMP) has acquired Market Place Color, a Doraville/Atlanta-based large-format printing specialist. The deal combines PMP's commercial print, direct mail and brand services with Market Place Color's large-format digital UV inkjet and backlit Duratrans capabilities to broaden service offerings for clients across the Southeast.