Rotunda Capital Partners, an operationally-focused private equity firm, has acquired a majority stake in Refrigeration Sales Corp., a wholesale distributor of heating, ventilation, air conditioning and refrigeration equipment, parts and supplies in Ohio and Western Pennsylvania.
“We are thrilled to partner with Refrigeration Sales Corporation,” said Dan Lipson, partner at Rotunda. “The Company is led by an outstanding management team and its reputation is second to none in the industry. We look forward to helping them continue their product, service, and geographic expansion while upholding the same level of commitment to their customers and vendors.”
“RSC has all the attributes we look for in a distributor,” added Corey Whisner, partner at Rotunda. “It is an exceptionally-run family business, with a long history of providing customers with premier branded products, technical support and superior service. The Company is well-positioned for accelerated growth, and we look forward to supporting the team in the execution of our shared strategic vision.”
“We have come a long way since my great-grandfather started this business in 1921 as Kelvinator Cleveland,” said Warren Farr, CEO at RSC. “We are excited to have found a partner in Rotunda that knows our industry and will continue to build on our tremendous growth. Together, we plan to enter new markets and geographies while staying true to our family culture.”
RSC President Rhonda Wight added, “We are very excited about our new partnership with Rotunda and believe their experience and deep industry knowledge will help us continue to expand and better serve our customers and supplier partners.”