{"id":646000,"date":"2013-03-08T17:52:39","date_gmt":"2013-03-08T22:52:39","guid":{"rendered":"http:\/\/www.pehub.com\/?p=190202"},"modified":"2013-03-08T17:52:39","modified_gmt":"2013-03-08T22:52:39","slug":"source-refrigeration-buys-tp-electrical","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/646000","title":{"rendered":"Source Refrigeration Buys TP Electrical"},"content":{"rendered":"

Source Refrigeration & HVAC<\/strong>, which is backed by Arsenal Capital Partners<\/strong>, has acquired TP Electrical<\/strong>. Financial terms weren’t announced. White, Ga.-based TP provides electrical and EMS contracting services to grocery, commercial, industrial, and retail clients across the Southeastern United States.<\/p>\n

PRESS RELEASE<\/p>\n

Source Refrigeration & HVAC (Source), a portfolio company of Arsenal Capital Partners (Arsenal), today announced the acquisition of TP Electrical (TP).<\/p>\n

Based in White, Georgia, TP is a leading southeast provider of electrical and EMS contracting services to grocery, commercial, industrial, and retail clients across the Southeastern United States. The acquisition builds on the strength of Source\u2019s platform as the leading independent provider of commercial refrigeration and HVAC services in North America, serving the nation’s top supermarket chains, many of the largest convenience store chains, and leading telecom and industrial companies.<\/p>\n

\u201cWe are excited to add TP\u2019s capabilities and strong customer relationships to our growing southeast team, and we welcome TP\u2019s employees and customers to the Source family,\u201d said Bruce Buchholz, Chief Executive Officer of Source. \u201cExpansion in the southeastern United States continues to be an important strategic focus for us,\u201d added Buchholz. \u201cThe TP acquisition allows us to offer our existing southeast customers expanded service and construction-related electrical and EMS capabilities. It also allows us to provide a broader offering for installation jobs with existing and new customers throughout the entire southeast. TP\u2019s expertise coupled with Source\u2019s existing service and installation operations in Florida and Georgia, position us extremely well for continued growth in the broader southeastern market.\u201d<\/p>\n

Sal Gagliardo, an Operating Partner at Arsenal Capital said, \u201cTP is well established in the southeastern U.S. market for refrigeration and HVAC electrical and EMS services and has provided a long history of quality solutions and service to grocery, commercial, industrial, and retail clients. The acquisition of TP strengthens the capabilities of our existing service and installation operations in the southeast and supports our overall strategy of continuing to expand our national footprint while we build an industry-leading independent refrigeration and HVAC company\u201d.<\/p>\n

About TP Electrical
\nTP Electrical is a leading provider of refrigeration and HVAC electrical and EMS solutions to the grocery, commercial, industrial, and retail clients across the Southeastern United States.TP holds electrical licenses in Alabama, Georgia, Florida and North Carolina and is certified in all major brands of grocery-related EMS controllers. They have long-standing relationships with leading grocery retailers and general contractors throughout the southeast.<\/p>\n

About Source Refrigeration & HVAC
\nSource Refrigeration & HVAC is the leading independent provider of commercial refrigeration and HVAC services in North America, serving the nation’s top supermarket chains, many of the largest convenience store chains and leading telecom and industrial companies. With over 1000 employees and service locations nationally, Source designs, installs, services, maintains and optimizes mission-critical refrigeration & HVAC systems. For additional information about Source Refrigeration & HVAC, please visit www.sourcerefrigeration.com.<\/p>\n

About Arsenal Capital Partners
\nArsenal Capital Partners is a leading New York-based private equity firm that invests in middle-market specialty industrial, healthcare and financial services companies. Arsenal makes investments in sectors where the firm has prior knowledge and experience, and targets businesses that have the potential for further value creation by working closely with management to accelerate growth and leverage the firm\u2019s operational improvement capabilities. Arsenal currently has $800 million of committed equity capital. For additional information on Arsenal Capital Partners, please visit www.arsenalcapital.com.<\/p>\n

The post Source Refrigeration Buys TP Electrical<\/a> appeared first on peHUB<\/a>.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Source Refrigeration & HVAC, which is backed by Arsenal Capital Partners, has acquired TP Electrical. Financial terms weren’t announced. White, Ga.-based TP provides electrical and EMS contracting services to grocery, commercial, industrial, and retail clients across the Southeastern United States. PRESS RELEASE Source Refrigeration & HVAC (Source), a portfolio company of Arsenal Capital Partners (Arsenal), […]<\/p>\n","protected":false},"author":7426,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-646000","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/646000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7426"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=646000"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/646000\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=646000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=646000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=646000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}