#United States #Kelvin Group #Southfield Capital #Greenwich, Connecticut #PermaCold

Kelvin Group Expands Its Reach through Acquisition of PermaCold Engineering

In a significant move to bolster its national presence, Kelvin Group has successfully acquired PermaCold Engineering, Inc., a leading player in the industrial refrigeration sector. The announcement was made by Southfield Capital, the private equity firm backing Kelvin. This acquisition is a strategic addition that aligns with Kelvin’s mission to deliver mission-critical mechanical services, process safety management, and environmental compliance across the United States.

A Milestone in Growth

Kelvin Group, recognized as a top provider of mechanical refrigeration services, now adds PermaCold’s extensive expertise and renowned reputation to its portfolio. Founded over 30 years ago by industry veterans Steve Jackson and Randy Cieloha, PermaCold has established itself as a reliable partner within the refrigeration industry, particularly in ammonia and CO2 cooling systems. The company is known for its innovative approach and has earned accolades for its ability to deliver complex refrigeration solutions to clients in the western United States.

Harry Gray, CEO of Kelvin Group, expressed excitement about the acquisition, stating, "PermaCold’s technical excellence and focus on customer service make them an ideal fit for Kelvin. This partnership allows us to strengthen our service offerings while ensuring that we meet the needs of our growing customer base."

This acquisition is a part of Kelvin's broader strategy to expand geographically, particularly into the Pacific Northwest, which until now has been outside their operational reach. The integration of PermaCold into the Kelvin family signals a commitment to quality and service that both companies uphold.

Enhanced Capabilities and Service

With PermaCold joining forces with Kelvin, they are now poised to provide an even broader range of solutions for industrial refrigeration. This includes installation, service, planned maintenance, and compliance testing for various high-stakes industries including food and beverage, pharmaceuticals, and healthcare. The expertise of PermaCold’s technician team and their customer-centric approach enhances the service capacity of Kelvin significantly.

Steve Jackson, co-founder of PermaCold, remarked on the acquisition, "It was critical for us to find a partner who aligns with our values and priorities. Kelvin not only shares our commitment to excellence but also offers the resources necessary to expand our reach while maintaining our core principles."

Strategic Support and Financial Backing

Southfield Capital has played a pivotal role in this acquisition, which represents Kelvin's fourteenth strategic purchase since their collaboration began. Chris Grambling, Partner at Southfield, commented, "Welcoming PermaCold to the Kelvin family enhances our geographic footprint and elevates our service capabilities. We're thrilled to support this integration, knowing that it stands to benefit clients both locally and nationally."

The financing for this acquisition was facilitated by Deerpath Capital Management and Crescent Capital, ensuring that both Kelvin and PermaCold can seamlessly transition into this new chapter. G2 Capital Advisors acted as the buy-side advisor to Kelvin, while legal counsel was provided by Finn, Dixon & Herling.

Looking Ahead

As Kelvin Group embraces this exciting new phase, the focus remains on enhancing service capabilities and maintaining a high standard of operational excellence. With this acquisition, they not only expand their physical footprint but also their reputation for quality and reliability in mechanical services. This merger is more than just a business deal; it represents a commitment to cooperation and shared values that will propel both organizations forward in the competitive industrial landscape.

For more information about Kelvin Group and ongoing developments in mechanical services, visit www.kelvin.cool.