AeriTek Global Holdings, a portfolio company of Mill Point Capital, announced it has acquired the foodservice refrigeration and HVAC assets of National Refrigeration & Air Conditioning Products, including the Continental Refrigerator and National Comfort Products brands.
The transaction strengthens AeriTek’s position in the U.S. commercial foodservice equipment market, marking its third North American acquisition in less than eight months and advancing its broader growth strategy.
Continental Refrigerator, based in Bensalem, Pennsylvania, serves more than 850 customers nationwide and is known for its commercial kitchen equipment, including coolers, freezers, prep units, and griddle stands. The addition complements AeriTek’s existing beverage merchandising and display offerings, enabling the combined platform to provide end-to-end solutions across both front-of-house and back-of-house foodservice environments.
National Comfort Products adds HVAC capabilities, including packaged and split systems for multi-unit residential applications, extending AeriTek’s reach into adjacent markets with stable, replacement-driven demand.
The combined platform is expected to benefit from expanded dealer relationships, broader product offerings, and increased cross-selling opportunities, while enhancing operational scale across multiple U.S. manufacturing facilities.
The acquisition aligns with Mill Point Capital’s strategy of building a diversified and scaled platform in the commercial refrigeration and foodservice equipment sector.
KEY QUOTES:
“Adding Continental Refrigerator and National Comfort Products is a defining step for AeriTek’s Value Creation Plan. These are brands that dealers and end customers have relied on for over three decades. Their reputation for quality, extensive customization capabilities and a highly experienced management team make this combination an optimal fit for our platform.”
Antony Besso, Chief Executive Officer And Executive Chairman, AeriTek
“This acquisition is exactly the type of transaction we envisioned when we first invested in AeriTek. With Continental’s stainless steel kitchen equipment alongside the existing beverage merchandising and display capabilities, AeriTek now offers products that span the full foodservice environment, from front-of-house merchandising to back-of-house kitchen refrigeration and food processing products. That breadth is unique in our industry and gives customers a single partner for their full equipment needs.”
Mark Paolano, Partner, Mill Point Capital
“Over the past year, AeriTek has completed three acquisitions that have fundamentally reshaped the business. With multiple U.S. manufacturing facilities and deeply entrenched relationships across the largest dealers and buying groups in the foodservice channel, the Company has built meaningful domestic scale. AeriTek is now well-positioned to drive cross-selling, capture operational efficiencies and drive tangible growth across the portfolio.”
Sebastian Bustamante, Principal, Mill Point Capital
