Kinzie Capital Partners LP (a Chicago-based private equity firm) announced the acquisition of Arctic Industries, a national manufacturer and distributor of temperature control and cold storage solutions. The deal, completed in partnership with Arctic’s management, marks an exciting new chapter for the company as it sets the stage for further market expansion throughout the country.
Launched in 1981, Arctic operates through two business groups: Arctic’s walk-in group, serving the food service and industrial markets with custom-designed walk-in coolers and freezers, and Store It Cold group, which manufactures the DIY-centric CoolBot controller. These business groups are dedicated to delivering high-quality cooling solutions with an unwavering commitment to the customer-first culture.
As one of the premier manufacturers of walk-in coolers and freezers in the United States, Arctic operates factories on the East and West coasts, enabling the production and delivery of highly customized, mission-critical products for its clientele in the food service, healthcare, and industrial sectors.
Founded 43 years ago, Arctic was built on delivering quality products and superior service at competitive prices. The company’s consumer product line, managed by its Store It Cold group, includes the patented CoolBot Pro and CoolBot products, which provide cost-effective cool room solutions to consumers and small businesses. Arctic’s walk-in cooler and freezer product lines are supported by a nationwide network of manufacturer’s representatives and caters to various customers, including chain restaurants, resorts, schools, government agencies, marine vessels, and healthcare facilities.
Brown Gibbons Lang served as the exclusive financial advisor to Stoic Holdings on their sale of Arctic Industries.
KEY QUOTES:
“We are excited for the partnership with Kinzie Capital Partners, which will allow us to leverage our strengths to drive further growth and continue to provide the best possible service for our customers. We look forward to collaborating with the Kinzie team in Arctic’s next chapter.”
- Brian Murphy, CEO of Arctic Industries
“Arctic plays a critical role in servicing essential aspects of the economy, from foodservice to industrial businesses. We look forward to utilizing our resources and expertise to support Arctic’s continued growth and longstanding commitment to customer satisfaction.”
- Suzanne Yoon, Managing Partner of Kinzie Capital
