Source Refrigeration & HVAC has acquired Fournier Air Conditioning and Refrigeration.
Jacksonville, Fla.-based Fournier provides refrigeration and HVAC services to grocery, commercial, industrial and retain clients in Florida and South Carolina.
Source Refrigeration, headquartered in Anaheim, Calif., is backed by private equity firm Arsenal Capital Partners. The deal gives the company expanded coverage in the southeast.
New York-based Arsenal Capital’s other portfolio companies include IGM Resins Dash Multi Corp. and Royal Adhesives & Sealants. In January the firm announced it bought Research Dataware LLC. In December, Royal Adhesives bought Adhesives Packaging Specialties Inc.