Resolute Industrial Acquires Rocky Mountain Portable Cooling

Aggreko Acquires Resolute Industrial from AE Industrial Partners for $440M

December 28, 2022

Industrial Services

Aggreko has signed a definitive agreement to acquire Resolute Industrial from AE Industrial Partners for $440 million on a cash-free, debt-free basis. Resolute is a U.S.-based provider of temporary HVAC&R rental services, compressor remanufacturing and refrigerant storage operating from ~38 locations across North America; Aggreko says the deal expands its temperature-control capabilities and access to high-return capital equipment.

Pueblo Mechanical & Controls (Huron Capital) Acquires Rocky Mountain Mechanical

January 6, 2022

HVAC & Mechanical

Pueblo Mechanical & Controls, a Huron Capital platform, has acquired Rocky Mountain Mechanical, a South Salt Lake, Utah-based HVAC, plumbing and controls contractor. The add-on expands Pueblo's geographic footprint into the Rocky Mountain region; former owner Chad Heward will continue to lead as president of the Rocky Mountain division.

Rotunda Capital Partners Acquires Refrigeration Sales Corporation

June 23, 2021

Industrial Services

Rotunda Capital Partners has acquired a majority stake in Refrigeration Sales Corporation (RSC), a fourth-generation wholesale distributor of HVAC/R equipment, parts and supplies headquartered in Valley View, Ohio. The investment positions RSC to pursue product, service, and geographic expansion across Northeast Ohio and Western Pennsylvania while preserving the company's family culture and management team.

Resolute Industrial Acquires All American Portable Air

May 17, 2021

HVAC & Mechanical

Resolute Industrial Holdings (through its Mobile Air & Power Rentals division) acquired All American Portable Air, a two-location provider of temporary cooling and climate-control rental solutions serving the Southeast. The acquisition expands Resolute's geographic presence into the Nashville market; terms were not disclosed and founder Roscoe Nesmith and employees will remain with the business.

Specialty Products and Insulation Acquires Rocky Mountain Construction Wholesale

March 4, 2021

Building Products

Specialty Products and Insulation (SPI), a portfolio company of Dunes Point Capital, has acquired Rocky Mountain Construction Wholesale, LLC (RMCW), a Denver-based distributor of building insulation for commercial, residential and metal buildings. The acquisition expands SPI's distribution footprint and product reach in the Mountain West region; SPI is a Charlotte-headquartered value-added distributor and fabricator of mechanical insulation and related products.

Resolute Industrial Acquires the Assets of DriExpress and Empire Holdings

August 12, 2020

Industrial Services

Resolute Industrial Holdings, a portfolio company of AE Industrial Partners, has acquired the assets of DriExpress LLC and Empire Holdings LLC, two specialty HVAC&R equipment rental and logistical-support businesses serving the restoration and disaster-mitigation market. The deal (terms not disclosed) expands Resolute's rental fleet by more than 5,000 assets, broadens geographic coverage across the U.S., and integrates the sellers' teams into Resolute's Mobile Air & Power Rental operations.