Minneapolis, MN, February 2024 – NorthCoast is pleased to announce a subordinated debt and equity co-investment to support the acquisition of Arctic Industries (“Arctic”).
Founded in 1981 and headquartered in Miami, FL, Arctic operates through two business groups:
- Arctic’s walk-in group, serving the foodservice and industrial markets with custom-designed walk-in coolers and freezers.
- Store It Cold group, manufacturer of the DIY-centric CoolBot controller, which provides cost-effective cool room solutions to consumers and small businesses.
As one of the premier manufacturers of walk-in coolers and freezers in the United States, Arctic operates factories on both the East and West coasts, enabling the production and delivery of highly customized, mission-critical products for its clientele in the foodservice, healthcare, and industrial sectors.
For more information regarding the transaction and NorthCoast, please contact Stacy Harmsen, Founding Partner, at [email protected].