Source Capital Acquires M&M Refrigeration, LLC

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.

CCMP Growth Advisors Invests in Innovative Refrigeration Systems

January 11, 2024

Industrial Services

CCMP Growth Advisors has partnered with founder and CEO Mike McGinnis to make a growth investment in Innovative Refrigeration Systems, a Lyndhurst, Virginia-based designer, manufacturer and service provider of industrial refrigeration systems. Financial terms were not disclosed; Mike McGinnis will remain CEO and Tom Goeke will join the board to support the company’s service and software expansion.

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.

Parkland Corporation Acquires M&M Food Market

January 18, 2022

Food & Beverage

Parkland Corporation has agreed to acquire M&M Food Market from Searchlight Capital Partners for approximately $322 million, strengthening Parkland’s proprietary food offering and expanding its convenience retail food capabilities. The deal includes more than 300 standalone stores, over 2,000 M&M Express locations and a loyalty program of ~2 million members; it is expected to close in Q1 2022 subject to customary approvals.

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.

Ridgemont Equity Partners Acquires Munch's Supply with Financing from Stellus Capital

April 23, 2019

HVAC & Mechanical

Ridgemont Equity Partners acquired Munch's Supply, a Midwest wholesale distributor of HVAC equipment and parts, with first‑lien and equity financing provided by Stellus Capital Management. Munch's, headquartered in New Lenox, Illinois, operates multiple branch locations across the Midwest and will be positioned for further growth under Ridgemont's ownership.