Kelvin Group Acquires PermaCold Engineering

January 7, 2026

Kelvin Group, a national provider of industrial and commercial mechanical refrigeration services backed by Southfield Capital, has acquired PermaCold Engineering, a Portland-based industrial refrigeration firm. The add-on deal expands Kelvin's geographic footprint into the Pacific Northwest and brings PermaCold's expertise in ammonia and CO2 refrigeration to Kelvin's platform; terms were not disclosed.

Buyers
Kelvin Group, Southfield Capital
Targets
PermaCold Engineering
Sellers
Steve Jackson, Randy Cieloha
Platforms
Kelvin Group
Location
Oregon, United States
Transaction Type
Addon

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