Chicago-based private equity firm Kinzie Capital Partners has acquired Arctic Industries, a US manufacturer and distributor of temperature control and cold storage solutions, from Colorado-based private equity firm Stoic Holdings.
Arctic was founded in 1981 and operates two business groups: its walk-in group, which serves the foodservice and industrial markets with custom walk-in coolers and freezers; and its Store It Cold group, which manufactures its patented CoolBot products.
Arctic’s customer base includes chain restaurants, resorts, schools, government agencies, marine vessels and healthcare facilities.
Brown Gibbons Lang provided financial advice to Stoic Holdings.
